Quanta Services, Inc. $PWR Shares Bought by Freemont Management S.A.

Freemont Management S.A. grew its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 200.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,100 shares of the construction company’s stock after buying an additional 1,400 shares during the quarter. Freemont Management S.A.’s holdings in Quanta Services were worth $886,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Darwin Wealth Management LLC bought a new position in Quanta Services in the 2nd quarter valued at about $26,000. Activest Wealth Management lifted its stake in shares of Quanta Services by 94.1% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after acquiring an additional 32 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of Quanta Services in the fourth quarter valued at approximately $28,000. Cornerstone Planning Group LLC increased its stake in shares of Quanta Services by 213.0% during the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after acquiring an additional 49 shares during the period. Finally, Laurel Wealth Advisors LLC bought a new stake in Quanta Services during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Evercore increased their price target on Quanta Services from $635.00 to $800.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. The Goldman Sachs Group upped their price objective on Quanta Services from $685.00 to $826.00 and gave the company a “buy” rating in a report on Monday, May 4th. BMO Capital Markets raised their target price on Quanta Services from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Cantor Fitzgerald boosted their price target on shares of Quanta Services from $630.00 to $901.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Argus upped their price target on shares of Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. One investment 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $708.05.

Insider Transactions at Quanta Services

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the company’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 completion of the sale, the chief accounting officer directly owned 8,080 shares of the company’s stock, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the sale, the chief executive officer directly owned 16,508 shares of the company’s stock, valued at $12,722,880.68. This represents a 61.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 159,992 shares of company stock valued at $123,244,714 over the last ninety days. Insiders own 0.60% of the company’s stock.

Quanta Services Price Performance

Shares of NYSE PWR opened at $774.65 on Thursday. Quanta Services, Inc. has a twelve month low of $320.56 and a twelve month high of $788.75. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $116.24 billion, a price-to-earnings ratio of 106.26, a PEG ratio of 2.63 and a beta of 1.24. The firm has a 50-day moving average of $607.77 and a two-hundred day moving average of $515.04.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating 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 prior year, the firm earned $1.78 earnings per share. The business’s quarterly revenue was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, analysts expect that Quanta Services, Inc. will post 12.84 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. Shareholders of record on Thursday, April 2nd were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s dividend payout ratio is currently 6.04%.

Quanta Services Company 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.