McKinley Carter Wealth Services Inc. Grows Stock Holdings in Quanta Services, Inc. $PWR

McKinley Carter Wealth Services Inc. boosted its position in Quanta Services, Inc. (NYSE:PWR) by 5.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,547 shares of the construction company’s stock after acquiring an additional 944 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Quanta Services were worth $8,250,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in shares of Quanta Services during the 4th quarter valued at $298,000. Woodline Partners LP grew its stake in shares of Quanta Services by 40.7% during the 1st quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock valued at $3,170,000 after buying an additional 3,606 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Quanta Services during the 2nd quarter valued at $4,632,000. Marshall Wace LLP purchased a new stake in shares of Quanta Services during the 2nd quarter valued at $996,000. Finally, StoneX Group Inc. purchased a new stake in shares of Quanta Services during the 2nd quarter valued at $204,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PWR has been the subject of several research reports. Jefferies Financial Group boosted their price objective on shares of Quanta Services from $654.00 to $857.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Wall Street Zen raised shares of Quanta Services from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. TD Cowen boosted their price objective on shares of Quanta Services from $570.00 to $775.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Evercore boosted their price objective on shares of Quanta Services from $635.00 to $800.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Finally, Roth Mkm boosted their price objective on shares of Quanta Services from $600.00 to $650.00 and gave the company a “buy” rating in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight 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 $708.05.

Quanta Services Trading Down 6.1%

PWR opened at $723.01 on Tuesday. The stock has a market capitalization of $108.49 billion, a PE ratio of 99.18, a P/E/G ratio of 2.64 and a beta of 1.24. The firm’s fifty day moving average price is $619.54 and its 200 day moving average price is $521.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09. Quanta Services, Inc. has a 12-month low of $320.56 and a 12-month high of $788.75.

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 the consensus estimate of $2.04 by $0.64. The company had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The firm’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period last year, the business earned $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, research analysts expect that Quanta Services, Inc. will post 12.84 EPS for the current fiscal year.

Quanta Services Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Thursday, April 2nd. Quanta Services’s dividend payout ratio is 6.04%.

Insider Transactions at Quanta Services

In other news, 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 value of $20,032,294.32. Following the sale, the chief executive officer owned 16,508 shares in the company, valued at approximately $12,722,880.68. This represents a 61.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 owned 8,080 shares in the company, valued at approximately $6,116,398.40. This trade represents a 33.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 159,992 shares of company stock worth $123,244,714. Company insiders own 0.60% of the company’s stock.

Quanta Services 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.