Bradley Foster & Sargent Inc. CT Reduces Stock Holdings in Quanta Services, Inc. $PWR

Bradley Foster & Sargent Inc. CT reduced its position in shares of Quanta Services, Inc. (NYSE:PWR) by 4.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 96,462 shares of the construction company’s stock after selling 4,754 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Quanta Services were worth $52,960,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in Quanta Services during the fourth quarter valued at approximately $298,000. Woodline Partners LP raised its position in Quanta Services by 40.7% in the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after acquiring an additional 3,606 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Quanta Services during the 2nd quarter worth $4,632,000. Marshall Wace LLP bought a new stake in shares of Quanta Services during the 2nd quarter valued at $996,000. Finally, StoneX Group Inc. purchased a new stake in shares of Quanta Services in the 2nd quarter worth $204,000. Institutional investors own 90.49% of the company’s stock.

Insider Buying and Selling

In other news, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction that occurred on 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 completion of the transaction, the chief accounting officer owned 8,080 shares in the company, valued at approximately $6,116,398.40. The trade was a 33.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 556,911 shares in the company, valued at approximately $429,183,462.15. This represents a 18.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 159,992 shares of company stock valued at $123,244,714. Company insiders own 0.60% of the company’s stock.

Quanta Services Price Performance

Quanta Services stock opened at $626.03 on Friday. The firm’s fifty day moving average is $689.96 and its 200 day moving average is $605.59. 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 company has a market cap of $93.94 billion, a price-to-earnings ratio of 85.88, a PEG ratio of 2.46 and a beta of 1.21. Quanta Services, Inc. has a 52-week low of $363.01 and a 52-week high of $788.75.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.64. The firm 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% compared to the same quarter last year. During the same quarter last year, the firm earned $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Sell-side analysts forecast that Quanta Services, Inc. will post 12.8 EPS for the current fiscal year.

Quanta Services announced that its board has initiated a stock buyback program on Friday, May 22nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to buy up to 0.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, July 1st. Quanta Services’s dividend payout ratio (DPR) is presently 6.04%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PWR. Jefferies Financial Group decreased their target price on Quanta Services from $857.00 to $784.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Wall Street Zen cut Quanta Services from a “buy” rating to a “hold” rating in a research report on Saturday. CICC Research began coverage on Quanta Services in a research report on Thursday, May 21st. They set an “outperform” rating and a $872.00 price objective on the stock. BNP Paribas Exane started coverage on shares of Quanta Services in a report on Tuesday, April 14th. They issued a “neutral” rating for the company. Finally, UBS Group lifted their price target on shares of Quanta Services from $646.00 to $900.00 and gave the company a “buy” rating in a report on Monday, May 4th. Seventeen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $745.55.

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.