Forsta AP Fonden Sells 1,160 Shares of Quanta Services, Inc. $PWR

Forsta AP Fonden cut its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,840 shares of the construction company’s stock after selling 1,160 shares during the quarter. Forsta AP Fonden’s holdings in Quanta Services were worth $13,438,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Sunburst Financial Group LLC boosted its stake in Quanta Services by 2.0% during the fourth quarter. Sunburst Financial Group LLC now owns 1,147 shares of the construction company’s stock worth $484,000 after acquiring an additional 22 shares in the last quarter. Spirepoint Private Client LLC boosted its stake in Quanta Services by 2.0% during the fourth quarter. Spirepoint Private Client LLC now owns 1,107 shares of the construction company’s stock worth $467,000 after acquiring an additional 22 shares in the last quarter. Vista Capital Partners Inc. boosted its stake in Quanta Services by 3.1% during the fourth quarter. Vista Capital Partners Inc. now owns 742 shares of the construction company’s stock worth $313,000 after acquiring an additional 22 shares in the last quarter. Headinvest LLC boosted its stake in Quanta Services by 2.2% during the fourth quarter. Headinvest LLC now owns 1,001 shares of the construction company’s stock worth $422,000 after acquiring an additional 22 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its holdings in Quanta Services by 0.5% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company’s stock worth $1,968,000 after buying an additional 23 shares during the last quarter. 90.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Mizuho upped their price objective on shares of Quanta Services from $580.00 to $693.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. CICC Research assumed coverage on shares of Quanta Services in a report on Thursday, May 21st. They set an “outperform” rating and a $872.00 price objective on the stock. Sanford C. Bernstein upped their price objective on shares of Quanta Services from $538.00 to $725.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. Zacks Research upgraded shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Friday, May 8th. Finally, UBS Group upped their price objective on shares of Quanta Services from $646.00 to $900.00 and gave the stock a “buy” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and a consensus target price of $733.87.

Quanta Services Stock Performance

Shares of PWR stock opened at $710.34 on Friday. The firm has a 50-day moving average of $647.92 and a 200-day moving average of $538.51. The company has a market cap of $106.59 billion, a P/E ratio of 97.44, a P/E/G ratio of 2.44 and a beta of 1.24. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09. Quanta Services, Inc. has a one year low of $336.57 and a one year high of $788.75.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating the consensus estimate of $2.04 by $0.64. The company had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Equities research analysts forecast that Quanta Services, Inc. will post 12.84 EPS for the current fiscal year.

Quanta Services Announces Dividend

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

Quanta Services declared that its board has authorized a stock buyback plan on Friday, May 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to reacquire up to 0.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Activity

In other news, CAO Paul Nobel sold 4,000 shares of the stock in a transaction dated 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 sale, the chief accounting officer owned 8,080 shares in the company, valued at $6,116,398.40. This represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the stock in a transaction dated Tuesday, May 5th. The shares were 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 approximately $12,722,880.68. The trade was a 61.16% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 159,992 shares of company stock valued at $123,244,714. 0.60% of the stock is currently 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.