Aptus Capital Advisors LLC Boosts Stake in Quanta Services, Inc. $PWR

Key Points

• Aptus Capital Advisors increased its Quanta Services stake by 9.5% in the fourth quarter, buying 5,245 additional shares and lifting its holdings to 60,643 shares worth about $25.6 million.
• Quanta Services reported strong quarterly results, with EPS of $2.68 beating estimates and revenue of $7.87 billion topping expectations, while revenue rose 26.3% year over year.
• The company also announced a $1 billion share repurchase program and a small quarterly dividend, even as several insiders recently sold shares and analysts maintained a generally bullish view with a “Moderate Buy” rating.

Aptus Capital Advisors LLC increased its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 9.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 60,643 shares of the construction company's stock after purchasing an additional 5,245 shares during the period. Aptus Capital Advisors LLC's holdings in Quanta Services were worth $25,595,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Arete Wealth Advisors LLC boosted its position in Quanta Services by 2.2% in the 4th quarter. Arete Wealth Advisors LLC now owns 917 shares of the construction company's stock valued at $387,000 after buying an additional 20 shares during the period. Quantum Portfolio Management LLC boosted its position in Quanta Services by 2.2% in the 4th quarter. Quantum Portfolio Management LLC now owns 946 shares of the construction company's stock valued at $399,000 after buying an additional 20 shares during the period. Sunburst Financial Group LLC boosted its position in Quanta Services by 2.0% in the 4th quarter. Sunburst Financial Group LLC now owns 1,147 shares of the construction company's stock valued at $484,000 after buying an additional 22 shares during the period. Spirepoint Private Client LLC boosted its position in Quanta Services by 2.0% in the 4th quarter. Spirepoint Private Client LLC now owns 1,107 shares of the construction company's stock valued at $467,000 after buying an additional 22 shares during the period. Finally, Vista Capital Partners Inc. boosted its position in Quanta Services by 3.1% in the 4th quarter. Vista Capital Partners Inc. now owns 742 shares of the construction company's stock valued at $313,000 after buying an additional 22 shares during the period. Hedge funds and other institutional investors own 90.49% of the company's stock.

Quanta Services Price Performance

Shares of PWR opened at $708.86 on Friday. Quanta Services, Inc. has a twelve month low of $349.06 and a twelve month high of $788.75. The firm's fifty day simple moving average is $675.23 and its 200-day simple moving average is $556.55. The firm has a market capitalization of $106.37 billion, a price-to-earnings ratio of 97.24, a PEG ratio of 2.78 and a beta of 1.20. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, topping the consensus estimate of $2.04 by $0.64. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The firm had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7 billion. During the same period last year, the business earned $1.78 EPS. Quanta Services's revenue for the quarter was up 26.3% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Equities analysts forecast that Quanta Services, Inc. will post 12.81 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Wednesday, July 1st will be given a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services's payout ratio is 6.04%.

Quanta Services announced that its Board of Directors has authorized a share repurchase plan on Friday, May 22nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have commented on PWR. Wolfe Research raised their price target on shares of Quanta Services from $477.00 to $576.00 and gave the company an "outperform" rating in a research report on Friday, February 20th. Evercore raised their price target on shares of Quanta Services from $635.00 to $800.00 and gave the company an "outperform" rating in a research report on Friday, May 1st. Truist Financial set a $851.00 price objective on shares of Quanta Services in a report on Friday, May 1st. Jefferies Financial Group raised their price objective on shares of Quanta Services from $654.00 to $857.00 and gave the company a "buy" rating in a report on Monday, May 4th. Finally, BNP Paribas Exane started coverage on shares of Quanta Services in a report on Tuesday, April 14th. They issued a "neutral" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $733.87.

Insiders Place Their Bets

In related news, CEO Earl C. Jr. Austin sold 25,992 shares of the business's stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total value of $20,032,294.32. Following the completion of the sale, the chief executive officer directly owned 16,508 shares of the company's stock, valued at $12,722,880.68. The trade was a 61.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of the business's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $756.98, for a total transaction of $3,027,920.00. Following the completion of the sale, the chief accounting officer directly owned 8,080 shares of the company's stock, valued at approximately $6,116,398.40. This trade represents a 33.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 159,992 shares of company stock valued at $123,244,714. 0.60% of the stock is owned by corporate insiders.

About Quanta Services

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.

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