Fideuram Intesa Sanpaolo Private Banking S.P.A. Sells 1,357 Shares of Quanta Services, Inc. $PWR

Fideuram Intesa Sanpaolo Private Banking S.P.A. lowered its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 32.5% in the first quarter, Holdings Channel reports. The institutional investor owned 2,812 shares of the construction company’s stock after selling 1,357 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Quanta Services were worth $1,544,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cedar Mountain Advisors LLC raised its position in shares of Quanta Services by 321.4% in the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after acquiring an additional 45 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in Quanta Services during the fourth quarter valued at about $28,000. Darwin Wealth Management LLC purchased a new position in Quanta Services in the second quarter valued at about $26,000. MV Capital Management Inc. bought a new position in Quanta Services in the fourth quarter worth about $30,000. Finally, Brown Lisle Cummings Inc. raised its holdings in Quanta Services by 825.0% in the first quarter. Brown Lisle Cummings Inc. now owns 74 shares of the construction company’s stock worth $41,000 after purchasing an additional 66 shares in the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Stock Performance

Shares of PWR stock opened at $667.73 on Friday. Quanta Services, Inc. has a 1 year low of $363.01 and a 1 year high of $788.75. The firm has a market capitalization of $100.20 billion, a price-to-earnings ratio of 91.60, a price-to-earnings-growth ratio of 2.63 and a beta of 1.21. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09. The business has a fifty day moving average of $711.52 and a 200 day moving average of $582.63.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $7 billion. During the same quarter in the prior year, the company earned $1.78 EPS. Quanta Services’s quarterly 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. As a group, research analysts expect that Quanta Services, Inc. will post 12.81 earnings per share for the current year.

Quanta Services Announces Dividend

The firm 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. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 1st. Quanta Services’s dividend payout ratio (DPR) is 6.04%.

Quanta Services declared that its Board of Directors has initiated a share repurchase program on Friday, May 22nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to reacquire up to 0.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PWR. Citigroup raised their price target on shares of Quanta Services from $640.00 to $733.00 and gave the company a “buy” rating in a report on Monday, April 27th. Wall Street Zen upgraded shares of Quanta Services from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. B. Riley Financial reissued a “neutral” rating on shares of Quanta Services in a research report on Friday, May 1st. Jefferies Financial Group raised their target price on shares of Quanta Services from $654.00 to $857.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. upped their price target on Quanta Services from $627.00 to $805.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Quanta Services currently has an average rating of “Moderate Buy” and an average target price of $755.18.

Insiders Place Their Bets

In other Quanta Services news, CEO Earl C. Jr. Austin sold 130,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total value of $100,184,500.00. Following the sale, the chief executive officer directly owned 556,911 shares of the company’s stock, valued at approximately $429,183,462.15. This represents a 18.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Paul Nobel sold 4,000 shares of the 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,992 shares of company stock valued at $123,244,714 over the last 90 days. 0.60% of the stock is currently owned by insiders.

Quanta Services Company 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.