Quanta Services, Inc. $PWR Shares Sold by First National Bank of Omaha

First National Bank of Omaha decreased its position in Quanta Services, Inc. (NYSE:PWR) by 15.8% during the 4th quarter, Holdings Channel reports. The fund owned 20,142 shares of the construction company’s stock after selling 3,784 shares during the quarter. First National Bank of Omaha’s holdings in Quanta Services were worth $8,501,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Quanta Services by 2.2% in the third quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock valued at $7,519,079,000 after acquiring an additional 386,937 shares in the last quarter. State Street Corp raised its holdings in Quanta Services by 1.2% in the third quarter. State Street Corp now owns 6,080,747 shares of the construction company’s stock valued at $2,519,983,000 after acquiring an additional 73,460 shares in the last quarter. Geode Capital Management LLC raised its holdings in Quanta Services by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 4,086,544 shares of the construction company’s stock valued at $1,718,371,000 after acquiring an additional 110,360 shares in the last quarter. Bank of America Corp DE raised its holdings in Quanta Services by 35.6% during the third quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock worth $1,208,672,000 after purchasing an additional 765,822 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Quanta Services by 8.8% during the third quarter. Victory Capital Management Inc. now owns 2,156,578 shares of the construction company’s stock worth $893,139,000 after purchasing an additional 174,083 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

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 transaction of $3,027,920.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the transaction, the chief executive officer owned 556,911 shares in the company, valued at approximately $429,183,462.15. This trade 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 90 days, insiders have sold 159,992 shares of company stock worth $123,244,714. Insiders own 0.60% of the company’s stock.

Quanta Services Stock Performance

Shares of PWR opened at $708.86 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 firm has a market cap of $106.37 billion, a PE ratio of 97.24, a price-to-earnings-growth ratio of 2.69 and a beta of 1.20. The company’s 50 day simple moving average is $675.23 and its 200-day simple moving average is $556.55. Quanta Services, Inc. has a 12-month low of $349.06 and a 12-month high of $788.75.

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

Quanta Services declared that its board has authorized a share repurchase plan on Friday, May 22nd that permits the company to repurchase $1.00 billion in outstanding 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.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, July 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is 6.04%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PWR. Wall Street Zen raised shares of Quanta Services from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Stifel Nicolaus set a $784.00 price objective on shares of Quanta Services in a report on Friday, May 1st. Bank of America raised their price objective on shares of Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Zacks Research raised shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Friday, May 8th. Finally, BMO Capital Markets raised their price objective on shares of Quanta Services from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. One research 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 data from MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $733.87.

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.