Swiss Life Asset Management Ltd Increases Stock Holdings in Quanta Services, Inc. $PWR

Swiss Life Asset Management Ltd grew its position in Quanta Services, Inc. (NYSE:PWR) by 10.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 27,446 shares of the construction company’s stock after purchasing an additional 2,682 shares during the period. Swiss Life Asset Management Ltd’s holdings in Quanta Services were worth $11,584,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Activest Wealth Management increased its position in shares of Quanta Services by 94.1% in the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after buying an additional 32 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Quanta Services during the 4th quarter worth about $28,000. Darwin Wealth Management LLC purchased a new stake in Quanta Services during the 2nd quarter worth about $26,000. Cornerstone Planning Group LLC increased its position in Quanta Services by 213.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock worth $30,000 after purchasing an additional 49 shares in the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new stake in Quanta Services during the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on PWR. The Goldman Sachs Group lifted their price objective on Quanta Services from $685.00 to $826.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Wall Street Zen upgraded Quanta Services from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Mizuho lifted their price objective on Quanta Services from $580.00 to $693.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Citigroup lifted their price objective on Quanta Services from $640.00 to $733.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, Truist Financial set a $851.00 price objective on Quanta Services in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $708.05.

Insider Activity

In other news, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction dated 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 directly owned 8,080 shares of the company’s stock, valued at $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 is available at this link. Also, CEO Earl C. Jr. Austin sold 130,000 shares of Quanta Services stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total value of $100,184,500.00. Following the completion of the transaction, the chief executive officer directly owned 556,911 shares in the company, valued at $429,183,462.15. This represents a 18.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 159,992 shares of company stock worth $123,244,714 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Quanta Services Stock Down 2.0%

PWR opened at $766.12 on Wednesday. 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 $114.96 billion, a price-to-earnings ratio of 105.09, a price-to-earnings-growth ratio of 2.68 and a beta of 1.24. The business has a 50-day moving average of $603.73 and a two-hundred day moving average of $512.59. Quanta Services, Inc. has a 12 month low of $320.56 and a 12 month high of $788.75.

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

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd were paid a $0.11 dividend. 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 payout ratio is currently 6.04%.

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.