Paul Nobel Sells 4,000 Shares of Quanta Services (NYSE:PWR) Stock

Quanta Services, Inc. (NYSE:PWRGet Free Report) CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction 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 transaction, the chief accounting officer owned 8,080 shares in the company, valued at approximately $6,116,398.40. This trade represents a 33.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Quanta Services Price Performance

Shares of Quanta Services stock traded up $14.78 on Wednesday, hitting $786.39. 1,210,274 shares of the company traded hands, compared to its average volume of 1,110,516. 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 business has a 50-day simple moving average of $583.37 and a 200 day simple moving average of $500.88. Quanta Services, Inc. has a 52 week low of $315.45 and a 52 week high of $788.75. The stock has a market capitalization of $118.01 billion, a P/E ratio of 107.87, a price-to-earnings-growth ratio of 2.79 and a beta of 1.24.

Quanta Services (NYSE:PWRGet Free Report) last announced its quarterly 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 net margin of 3.67% and a return on equity of 18.64%. The business had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7 billion. During the same quarter in the previous year, the company earned $1.78 EPS. The business’s quarterly revenue 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. Research analysts expect that Quanta Services, Inc. will post 11.97 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

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

Trending Headlines about Quanta Services

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PWR shares. Cantor Fitzgerald upped their price objective on Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. BNP Paribas Exane started coverage on Quanta Services in a report on Tuesday, April 14th. They set a “neutral” rating on the stock. BMO Capital Markets upped their price objective on Quanta Services from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Wall Street Zen upgraded Quanta Services from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, UBS Group upped their price objective on Quanta Services from $646.00 to $900.00 and gave the company a “buy” rating in a research report on Monday. Eighteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Quanta Services presently has an average rating of “Moderate Buy” and an average target price of $695.73.

Get Our Latest Research Report on Quanta Services

Institutional Investors Weigh In On Quanta Services

Several hedge funds have recently made changes to their positions in the company. SouthState Bank Corp raised its holdings in shares of Quanta Services by 23.5% in the first quarter. SouthState Bank Corp now owns 84 shares of the construction company’s stock valued at $46,000 after acquiring an additional 16 shares in the last quarter. Lewis Asset Management LLC boosted its position in Quanta Services by 2.5% during the 1st quarter. Lewis Asset Management LLC now owns 692 shares of the construction company’s stock valued at $380,000 after acquiring an additional 17 shares in the last quarter. Stiles Financial Services Inc boosted its position in Quanta Services by 1.8% during the 1st quarter. Stiles Financial Services Inc now owns 987 shares of the construction company’s stock valued at $542,000 after acquiring an additional 17 shares in the last quarter. Ethos Financial Group LLC boosted its position in Quanta Services by 1.8% during the 1st quarter. Ethos Financial Group LLC now owns 1,064 shares of the construction company’s stock valued at $584,000 after acquiring an additional 19 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its position in Quanta Services by 17.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 130 shares of the construction company’s stock valued at $71,000 after acquiring an additional 19 shares in the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Quanta Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quanta Services and related companies with MarketBeat.com's FREE daily email newsletter.