Mediolanum International Funds Ltd Grows Stock Holdings in Quanta Services, Inc. $PWR

Mediolanum International Funds Ltd grew its stake in Quanta Services, Inc. (NYSE:PWR) by 5.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,053 shares of the construction company’s stock after purchasing an additional 2,720 shares during the period. Mediolanum International Funds Ltd’s holdings in Quanta Services were worth $26,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in PWR. Norges Bank acquired a new position in Quanta Services during the fourth quarter worth $817,285,000. Victory Capital Management Inc. increased its stake in shares of Quanta Services by 35.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock worth $1,230,493,000 after acquiring an additional 758,862 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Quanta Services by 137.6% during the 4th quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock worth $486,065,000 after acquiring an additional 667,050 shares during the period. Sands Capital Management LLC acquired a new position in shares of Quanta Services during the 4th quarter valued at about $243,485,000. Finally, Select Equity Group L.P. boosted its position in shares of Quanta Services by 69.3% during the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock valued at $384,554,000 after acquiring an additional 416,395 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on PWR. TD Cowen raised their price objective on shares of Quanta Services from $570.00 to $775.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Roth Capital boosted their target price on shares of Quanta Services from $600.00 to $650.00 and gave the company a “buy” rating in a report on Monday, April 6th. Zacks Research downgraded shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Oppenheimer raised shares of Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price target on the stock in a research report on Thursday, May 28th. Finally, Truist Financial upped their price objective on Quanta Services from $851.00 to $940.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Nineteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $751.86.

Quanta Services Trading Down 0.5%

NYSE PWR opened at $628.11 on Friday. 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 stock has a market capitalization of $94.25 billion, a P/E ratio of 86.16, a PEG ratio of 2.47 and a beta of 1.21. The firm’s 50-day moving average is $703.48 and its two-hundred day moving average is $598.24. Quanta Services, Inc. has a 12 month low of $363.01 and a 12 month high of $788.75.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.64. The business had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The business’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same period last year, the business earned $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, sell-side analysts anticipate that Quanta Services, Inc. will post 12.8 earnings per share for the current year.

Quanta Services Announces Dividend

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

Quanta Services declared that its board has authorized a stock repurchase plan on Friday, May 22nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at Quanta Services

In other Quanta Services news, CEO Earl C. Jr. Austin sold 25,992 shares of the business’s stock in a transaction that occurred on 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 sale, 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 sale 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 company’s stock in a transaction 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 transaction, the chief accounting officer owned 8,080 shares in the company, valued at $6,116,398.40. This trade represents a 33.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 159,992 shares of company stock valued at $123,244,714 in the last quarter. 0.60% of the stock is owned by insiders.

About Quanta Services

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.