DB Fitzpatrick & Co Inc Has $2.64 Million Stake in Quanta Services, Inc. $PWR

DB Fitzpatrick & Co Inc cut its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 14.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,814 shares of the construction company’s stock after selling 822 shares during the period. Quanta Services accounts for approximately 2.3% of DB Fitzpatrick & Co Inc’s holdings, making the stock its 5th biggest holding. DB Fitzpatrick & Co Inc’s holdings in Quanta Services were worth $2,643,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Evoke Wealth LLC acquired a new stake in Quanta Services in the fourth quarter worth $368,000. Sequoia Financial Advisors LLC increased its position in shares of Quanta Services by 3.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 130,436 shares of the construction company’s stock valued at $55,052,000 after buying an additional 3,966 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Quanta Services by 9.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,602 shares of the construction company’s stock worth $21,357,000 after buying an additional 4,568 shares during the period. Lebenthal Global Advisors LLC raised its stake in Quanta Services by 9.8% during the 4th quarter. Lebenthal Global Advisors LLC now owns 9,277 shares of the construction company’s stock worth $3,915,000 after buying an additional 830 shares during the period. Finally, North Dakota State Investment Board bought a new position in Quanta Services during the fourth quarter worth about $2,131,000. Institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on PWR shares. Stifel Nicolaus set a $784.00 price objective on Quanta Services in a research report on Friday, May 1st. Cantor Fitzgerald lifted their price target on shares of Quanta Services from $630.00 to $901.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 20th. Jefferies Financial Group raised their price objective on shares of Quanta Services from $654.00 to $857.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Wall Street Zen raised shares of Quanta Services from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Quanta Services currently has an average rating of “Moderate Buy” and a consensus target price of $755.18.

Quanta Services Stock Performance

Shares of PWR stock opened at $667.73 on Friday. The company has a fifty day moving average price of $710.43 and a two-hundred day moving average price of $582.03. Quanta Services, Inc. has a one year low of $363.01 and a one year high of $788.75. The stock has a market cap of $100.20 billion, a P/E ratio of 91.60, a P/E/G ratio of 2.72 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.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate 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. As a group, equities analysts predict that Quanta Services, Inc. will post 12.81 EPS for the current year.

Quanta Services Announces Dividend

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

Quanta Services declared that its board has initiated a share buyback program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Trending Headlines about Quanta Services

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Truist Financial raised its price target on Quanta Services from $851 to $940 and reiterated a buy rating, implying meaningful upside from current levels. Benzinga / The Fly report
• Positive Sentiment: Analysts continue to highlight Quanta as a strong growth name, supported by its exposure to grid modernization, power demand, and large infrastructure spending. Zacks article
• Positive Sentiment: The company’s recent fundamentals remain strong, with first-quarter revenue and EPS beating expectations and backlog reaching a record level, reinforcing the longer-term bullish case. Quiver Quantitative analysis
• Neutral Sentiment: Quanta was also mentioned in broader renewable energy stock roundups, which suggests continued investor interest in the sector but no specific new company catalyst. Renewable Energy Stocks To Follow Today – July 1st
• Negative Sentiment: One market note tied the recent decline to valuation concerns and a lack of new catalysts, while insider and some institutional selling may be adding to near-term caution. Quiver Quantitative analysis

Insider Transactions at Quanta Services

In related news, CEO Earl C. Jr. Austin sold 25,992 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $770.71, for a total value of $20,032,294.32. Following the completion of the transaction, the chief executive officer owned 16,508 shares of the company’s stock, valued at $12,722,880.68. The trade was a 61.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Paul Nobel sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $756.98, for a total transaction of $3,027,920.00. Following the completion of the transaction, the chief accounting officer owned 8,080 shares of the company’s stock, valued at $6,116,398.40. The trade was a 33.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 159,992 shares of company stock valued at $123,244,714 in the last three months. Insiders own 0.60% of the company’s stock.

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.