Jefferies Financial Group Inc. Sells 4,799 Shares of Quanta Services, Inc. $PWR

Key Points

• Jefferies Financial Group cut its Quanta Services stake by 49.5% in the fourth quarter, selling 4,799 shares and leaving it with 4,901 shares worth about $2.07 million.
• Insider selling has also been notable, including CEO Earl C. Jr. Austin’s sale of 130,000 shares and CAO Paul Nobel’s sale of 4,000 shares; insiders have sold 159,992 shares over the last 90 days.
• Quanta Services reported strong quarterly results, beating earnings and revenue estimates, while its board also authorized a $1 billion share buyback and the company announced a small quarterly dividend.

Jefferies Financial Group Inc. trimmed its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 49.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,901 shares of the construction company's stock after selling 4,799 shares during the period. Jefferies Financial Group Inc.'s holdings in Quanta Services were worth $2,069,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Activest Wealth Management increased its holdings in Quanta Services by 94.1% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company's stock valued at $27,000 after acquiring an additional 32 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in Quanta Services in the 4th quarter valued at $28,000. Darwin Wealth Management LLC bought a new stake in Quanta Services in the 2nd quarter valued at $26,000. Cornerstone Planning Group LLC increased its holdings in Quanta Services by 213.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company's stock valued at $30,000 after acquiring an additional 49 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its holdings in Quanta Services by 266.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 77 shares of the construction company's stock valued at $32,000 after acquiring an additional 56 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors.

Insider Transactions at Quanta Services

In related news, CEO Earl C. Jr. Austin sold 130,000 shares of Quanta Services stock in a transaction dated 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 directly owned 556,911 shares of the company's stock, valued at approximately $429,183,462.15. The trade was a 18.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction dated 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 sale, the chief accounting officer owned 8,080 shares of the company's stock, valued at $6,116,398.40. The trade was a 33.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 159,992 shares of company stock valued at $123,244,714. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Mizuho lifted their price target on shares of Quanta Services from $580.00 to $693.00 and gave the company a "neutral" rating in a report on Friday, May 1st. Argus lifted their price target on shares of Quanta Services from $540.00 to $650.00 and gave the company a "buy" rating in a report on Tuesday, February 24th. DA Davidson lifted their price target on shares of Quanta Services from $450.00 to $575.00 and gave the company a "neutral" rating in a report on Friday, February 20th. Evercore lifted their price target on shares of Quanta Services from $635.00 to $800.00 and gave the company an "outperform" rating in a report on Friday, May 1st. Finally, Wolfe Research lifted their price objective on shares of Quanta Services from $477.00 to $576.00 and gave the stock an "outperform" rating in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, Quanta Services currently has an average rating of "Moderate Buy" and an average price target of $730.86.

Quanta Services Price Performance

PWR stock opened at $732.83 on Thursday. Quanta Services, Inc. has a 12 month low of $336.57 and a 12 month high of $788.75. 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 moving average price of $641.98 and a 200 day moving average price of $535.29. The stock has a market cap of $109.97 billion, a PE ratio of 100.52, a P/E/G ratio of 2.55 and a beta of 1.24.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, topping analysts' consensus estimates 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 company earned $1.78 EPS. The firm'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 research analysts anticipate that Quanta Services, Inc. will post 12.84 earnings per share for the current year.

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

Quanta Services Announces Dividend

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

Quanta Services Profile

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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