ASR Vermogensbeheer N.V. boosted its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 26.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,461 shares of the construction company's stock after buying an additional 3,411 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in Quanta Services were worth $6,947,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of PWR. Darwin Wealth Management LLC purchased a new position in Quanta Services during the 2nd quarter worth approximately $26,000. Activest Wealth Management raised its position in Quanta Services by 94.1% during the third quarter. Activest Wealth Management now owns 66 shares of the construction company's stock valued at $27,000 after buying an additional 32 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in Quanta Services in the 4th quarter worth about $28,000. Cornerstone Planning Group LLC boosted its position in Quanta Services by 213.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company's stock worth $30,000 after acquiring an additional 49 shares during the period. Finally, Laurel Wealth Advisors LLC purchased a new position in Quanta Services during the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 90.49% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. BNP Paribas Exane started coverage on shares of Quanta Services in a research report on Tuesday, April 14th. They issued a "neutral" rating for the company. Bank of America upped their price objective on shares of Quanta Services from $500.00 to $610.00 and gave the company a "buy" rating in a research note on Friday, February 20th. UBS Group increased their target price on shares of Quanta Services from $646.00 to $900.00 and gave the stock a "buy" rating in a research report on Monday, May 4th. Roth Mkm boosted their price target on shares of Quanta Services from $600.00 to $650.00 and gave the company a "buy" rating in a report on Monday, April 6th. Finally, Citigroup upped their price target on shares of Quanta Services from $640.00 to $733.00 and gave the stock a "buy" rating in a research note on Monday, April 27th. Seventeen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, Quanta Services currently has a consensus rating of "Moderate Buy" and an average price target of $695.73.
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Trending Headlines about Quanta Services
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Quanta Services Stock Down 0.8%
NYSE:PWR opened at $744.55 on Friday. The stock's fifty day moving average price is $591.73 and its two-hundred day moving average price is $505.56. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14. Quanta Services, Inc. has a 52-week low of $320.56 and a 52-week high of $788.75. The company has a market cap of $111.73 billion, a price-to-earnings ratio of 102.13, a P/E/G ratio of 2.58 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 earnings per share 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 company had revenue of $7.87 billion during the quarter, compared to analysts' expectations of $7 billion. During the same quarter in the prior year, the company earned $1.78 earnings per share. The business's quarterly 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. On average, analysts anticipate that Quanta Services, Inc. will post 12.84 EPS for the current year.
Quanta Services Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services's payout ratio is currently 6.04%.
Insider Buying and Selling
In other news, CAO Paul Nobel sold 4,000 shares of the firm's stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 8,080 shares in the company, valued at approximately $6,116,398.40. This trade represents a 33.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the company's stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the transaction, the chief executive officer owned 16,508 shares of the company's stock, valued at $12,722,880.68. This trade represents a 61.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 159,992 shares of company stock valued at $123,244,714. 0.60% of the stock is currently owned by insiders.
Quanta Services Profile
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Free Report)
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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