Geode Capital Management LLC Purchases 110,360 Shares of Quanta Services, Inc. $PWR

Key Points

• Geode Capital Management increased its Quanta Services stake by 2.8% in the fourth quarter, buying 110,360 additional shares and bringing its total holding to 4.09 million shares worth about $1.72 billion.
• Quanta Services reported strong quarterly results, with EPS of $2.68 and revenue of $7.87 billion, both ahead of expectations. Revenue rose 26.3% year over year, and the company raised FY 2026 guidance to 13.55–14.25 EPS.
• Analysts remain upbeat on PWR, with a Moderate Buy consensus and an average target price of $733.87. The stock also has seen recent insider selling, including CEO Earl C. Jr. Austin’s sale of 130,000 shares.

Geode Capital Management LLC raised its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,086,544 shares of the construction company's stock after purchasing an additional 110,360 shares during the period. Geode Capital Management LLC owned about 2.74% of Quanta Services worth $1,718,371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Lansforsakringar Fondforvaltning AB publ boosted its holdings in shares of Quanta Services by 5.4% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company's stock valued at $19,316,000 after buying an additional 2,375 shares in the last quarter. Evoke Wealth LLC bought a new stake in shares of Quanta Services in the 4th quarter valued at about $368,000. Yahav Achim Ve Achayot Provident Funds Management Co Ltd. bought a new stake in shares of Quanta Services in the 3rd quarter valued at about $1,752,000. Atria Investments Inc boosted its holdings in shares of Quanta Services by 20.4% in the 3rd quarter. Atria Investments Inc now owns 13,818 shares of the construction company's stock valued at $5,727,000 after buying an additional 2,340 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its position in Quanta Services by 44.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 245,506 shares of the construction company's stock valued at $101,743,000 after buying an additional 75,449 shares in the last quarter. 90.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PWR shares. Argus upped their target price on Quanta Services from $540.00 to $650.00 and gave the company a "buy" rating in a research report on Tuesday, February 24th. Oppenheimer raised Quanta Services from a "market perform" rating to an "outperform" rating and set a $800.00 target price on the stock in a research report on Thursday. Wolfe Research upped their target price on Quanta Services from $477.00 to $576.00 and gave the company an "outperform" rating in a research report on Friday, February 20th. UBS Group lifted their target price on shares of Quanta Services from $646.00 to $900.00 and gave the stock a "buy" rating in a research note on Monday, May 4th. Finally, Mizuho lifted their target price on shares of Quanta Services from $580.00 to $693.00 and gave the stock a "neutral" rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $733.87.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $730.74 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57. The company has a 50 day simple moving average of $645.16 and a two-hundred day simple moving average of $537.30. Quanta Services, Inc. has a 12 month low of $336.57 and a 12 month high of $788.75. The stock has a market cap of $109.65 billion, a price-to-earnings ratio of 100.24, a PEG ratio of 2.52 and a beta of 1.24.

Quanta Services (NYSE:PWR - Get Free Report) last posted its earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $7 billion. During the same period in the previous year, the business posted $1.78 EPS. The business's revenue 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. As a group, analysts predict that Quanta Services, Inc. will post 12.84 earnings per share for the current year.

Quanta Services Dividend Announcement

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

Quanta Services declared that its board has initiated a stock repurchase plan on Friday, May 22nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at Quanta Services

In related news, 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 value of $3,027,920.00. Following the completion of the transaction, the chief accounting officer directly owned 8,080 shares in the company, valued at $6,116,398.40. The trade was a 33.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the business's stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the completion of the transaction, the chief executive officer owned 556,911 shares of the company's stock, valued at approximately $429,183,462.15. This represents a 18.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 159,992 shares of company stock valued at $123,244,714. Company insiders own 0.60% of the company's stock.

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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