Quanta Services, Inc. $PWR Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its holdings in Quanta Services, Inc. (NYSE:PWR) by 14.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,290 shares of the construction company’s stock after selling 40,897 shares during the quarter. Sei Investments Co.’s holdings in Quanta Services were worth $137,967,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Evoke Wealth LLC bought a new position in Quanta Services in the fourth quarter valued at $368,000. Sequoia Financial Advisors LLC boosted its holdings in Quanta Services by 3.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 130,436 shares of the construction company’s stock valued at $55,052,000 after acquiring an additional 3,966 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position 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 acquiring an additional 4,568 shares during the last quarter. Lebenthal Global Advisors LLC increased its stake in Quanta Services by 9.8% in the 4th quarter. Lebenthal Global Advisors LLC now owns 9,277 shares of the construction company’s stock worth $3,915,000 after purchasing an additional 830 shares during the period. Finally, North Dakota State Investment Board bought a new stake in Quanta Services in the fourth quarter valued at approximately $2,131,000. Institutional investors own 90.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of Quanta Services from $606.00 to $777.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Jefferies Financial Group decreased their price objective on shares of Quanta Services from $857.00 to $784.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Oppenheimer raised shares of Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price objective for the company in a research note on Thursday, May 28th. Zacks Research cut Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $714.00 price target on shares of Quanta Services in a research report on Tuesday. Seventeen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $745.55.

Insider Activity

In other Quanta Services 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 approximately $12,722,880.68. The trade was a 61.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of the firm’s stock in a transaction dated 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 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 SEC filing for this sale provides additional information. Insiders sold a total of 159,992 shares of company stock valued at $123,244,714 over the last quarter. 0.60% of the stock is owned by corporate insiders.

Quanta Services Trading Up 1.6%

Shares of NYSE PWR opened at $653.25 on Friday. The firm’s 50 day moving average price is $692.83 and its 200-day moving average price is $605.45. Quanta Services, Inc. has a 52-week low of $363.01 and a 52-week high of $788.75. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14. The company has a market cap of $98.03 billion, a PE ratio of 89.61, a P/E/G ratio of 2.53 and a beta of 1.21.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $7 billion. During the same period in the previous year, the business earned $1.78 EPS. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, equities research analysts expect that Quanta Services, Inc. will post 12.8 EPS for the current fiscal year.

Quanta Services Announces Dividend

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

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

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.