ProShare Advisors LLC Boosts Stock Position in Quanta Services, Inc. $PWR

ProShare Advisors LLC boosted its holdings in Quanta Services, Inc. (NYSE:PWR) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,399 shares of the construction company’s stock after purchasing an additional 2,205 shares during the period. ProShare Advisors LLC’s holdings in Quanta Services were worth $11,564,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PWR. Bank of America Corp DE boosted its position in Quanta Services by 35.6% in 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 during the last quarter. Select Equity Group L.P. boosted its position in Quanta Services by 69.3% in the second quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock worth $384,554,000 after purchasing an additional 416,395 shares during the last quarter. Vanguard Group Inc. boosted its position 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 worth $7,519,079,000 after purchasing an additional 386,937 shares during the last quarter. ABN AMRO Bank N.V. boosted its position in Quanta Services by 376.5% in the fourth quarter. ABN AMRO Bank N.V. now owns 422,486 shares of the construction company’s stock worth $178,264,000 after purchasing an additional 333,817 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Quanta Services by 29.9% in the third quarter. First Trust Advisors LP now owns 812,748 shares of the construction company’s stock worth $336,819,000 after purchasing an additional 186,857 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

Shares of PWR opened at $717.20 on Friday. The firm has a market cap of $107.62 billion, a PE ratio of 98.38, a PEG ratio of 2.44 and a beta of 1.24. The stock’s fifty day moving average price is $628.92 and its two-hundred day moving average price is $527.29. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09. Quanta Services, Inc. has a 1 year low of $320.56 and a 1 year high of $788.75.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.64. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The company had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7 billion. During the same period in the previous year, the company posted $1.78 EPS. The firm’s revenue for the quarter was up 26.3% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, equities research analysts forecast that Quanta Services, Inc. will post 12.84 EPS for the current year.

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Thursday, April 2nd were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Thursday, April 2nd. Quanta Services’s payout ratio is presently 6.04%.

Insiders Place Their Bets

In related news, CAO Paul Nobel sold 4,000 shares of the business’s stock in a transaction 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 sale, the chief accounting officer directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total value of $20,032,294.32. Following the sale, the chief executive officer owned 16,508 shares in the company, valued at approximately $12,722,880.68. The trade was a 61.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 159,992 shares of company stock worth $123,244,714. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on PWR shares. Zacks Research raised Quanta Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 8th. Bank of America boosted their target price on Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Robert W. Baird boosted their target price on Quanta Services from $606.00 to $777.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. The Goldman Sachs Group boosted their target price on Quanta Services from $685.00 to $826.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, B. Riley Financial restated a “neutral” rating on shares of Quanta Services in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $715.17.

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.