Quanta Services, Inc. $PWR Shares Purchased by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. increased its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 58.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,107 shares of the construction company’s stock after purchasing an additional 1,147 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in Quanta Services were worth $1,311,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Lansforsakringar Fondforvaltning AB publ lifted its holdings in shares of Quanta Services by 5.4% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock worth $19,316,000 after purchasing an additional 2,375 shares during the period. Evoke Wealth LLC acquired a new stake in Quanta Services in the fourth quarter valued at $368,000. Atria Investments Inc lifted its holdings in Quanta Services by 20.4% in the third quarter. Atria Investments Inc now owns 13,818 shares of the construction company’s stock valued at $5,727,000 after acquiring an additional 2,340 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Quanta Services by 3.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 130,436 shares of the construction company’s stock valued at $55,052,000 after acquiring an additional 3,966 shares during the period. Finally, Westfield Capital Management Co. LP lifted its holdings in Quanta Services by 44.4% in the third quarter. Westfield Capital Management Co. LP now owns 245,506 shares of the construction company’s stock valued at $101,743,000 after acquiring an additional 75,449 shares during the period. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Trading Up 3.7%

Quanta Services stock opened at $708.86 on Friday. The stock has a market cap of $106.37 billion, a PE ratio of 97.24, a P/E/G ratio of 2.78 and a beta of 1.20. The stock has a 50-day moving average price of $675.23 and a 200 day moving average price of $556.55. Quanta Services, Inc. has a 52 week low of $349.06 and a 52 week 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.

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

Quanta Services Dividend Announcement

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

Quanta Services announced that its board has approved a stock repurchase plan on Friday, May 22nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to reacquire up to 0.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PWR. DA Davidson lifted their price target on Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. BNP Paribas Exane began coverage on Quanta Services in a research note on Tuesday, April 14th. They set a “neutral” rating for the company. Sanford C. Bernstein lifted their price target on Quanta Services from $538.00 to $725.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. lifted their price target on Quanta Services from $627.00 to $805.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Evercore lifted their price target on Quanta Services from $635.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $733.87.

Insider Transactions at Quanta Services

In related news, CEO Earl C. Jr. Austin sold 25,992 shares of Quanta Services stock in a transaction dated 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 completion of the sale, the chief executive officer owned 16,508 shares in the company, valued at approximately $12,722,880.68. This trade represents a 61.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $756.98, for a total value of $3,027,920.00. Following the sale, the chief accounting officer owned 8,080 shares of the company’s stock, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 159,992 shares of company stock valued at $123,244,714. 0.60% of the stock is currently owned by company insiders.

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.