74,000 Shares in Quanta Services, Inc. $PWR Purchased by Employees Provident Fund Board

Employees Provident Fund Board bought a new position in Quanta Services, Inc. (NYSE:PWR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 74,000 shares of the construction company’s stock, valued at approximately $31,232,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PWR. Cedar Mountain Advisors LLC raised its stake in Quanta Services by 321.4% in the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after purchasing an additional 45 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in Quanta Services in the 2nd quarter worth approximately $26,000. Flagship Harbor Advisors LLC bought a new position in shares of Quanta Services in the 4th quarter worth $28,000. MV Capital Management Inc. bought a new position in shares of Quanta Services in the 4th quarter worth $30,000. Finally, Meeder Asset Management Inc. raised its position in shares of Quanta Services by 221.7% during the 4th quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock valued at $31,000 after buying an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Citigroup upped their target price on shares of Quanta Services from $640.00 to $733.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Argus raised their price target on Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. CICC Research initiated coverage on Quanta Services in a research note on Thursday, May 21st. They set an “outperform” rating and a $872.00 price target for the company. Oppenheimer upgraded Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price objective for the company in a report on Thursday, May 28th. Finally, UBS Group increased their price objective on Quanta Services from $646.00 to $900.00 and gave the company a “buy” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $733.87.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $704.35 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57. The stock has a market cap of $105.70 billion, a PE ratio of 96.62, a PEG ratio of 2.76 and a beta of 1.20. The company’s fifty day moving average is $690.42 and its 200 day moving average is $565.56. Quanta Services, Inc. has a 52 week low of $358.38 and a 52 week high of $788.75.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) 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 business had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7 billion. During the same period in the prior year, the business posted $1.78 earnings per share. The company’s revenue was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Research analysts anticipate that Quanta Services, Inc. will post 12.81 earnings per share for the current year.

Quanta Services Announces Dividend

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

Quanta Services announced that its Board of Directors has authorized a stock 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 buy up to 0.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Quanta Services

In related news, CAO Paul Nobel sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was 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 $6,116,398.40. This trade represents a 33.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Earl C. Jr. Austin sold 130,000 shares of Quanta Services stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $770.65, for a total value of $100,184,500.00. Following the completion of the transaction, the chief executive officer directly owned 556,911 shares in the company, valued at $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. 0.60% of the stock is owned by corporate 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.