Mitsubishi UFJ Asset Management UK Ltd. Takes $1.90 Million Position in Quanta Services, Inc. $PWR

Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in shares of Quanta Services, Inc. (NYSE:PWR) in the fourth quarter, Holdings Channel.com reports. The firm acquired 4,500 shares of the construction company’s stock, valued at approximately $1,899,000. Quanta Services makes up about 0.9% of Mitsubishi UFJ Asset Management UK Ltd.’s investment portfolio, making the stock its 29th largest position.

A number of other large investors have also made changes to their positions in PWR. Darwin Wealth Management LLC acquired a new position in Quanta Services in the second quarter worth about $26,000. Activest Wealth Management raised its position in Quanta Services by 94.1% in the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after purchasing an additional 32 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in Quanta Services in the fourth quarter worth about $28,000. Cornerstone Planning Group LLC raised its position in Quanta Services by 213.0% in the third 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, Creative Financial Designs Inc. ADV raised its position in Quanta Services by 266.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 77 shares of the construction company’s stock worth $32,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Insider Activity

In other news, CEO Earl C. Jr. Austin sold 25,992 shares of the stock in a transaction that occurred on 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Paul Nobel sold 4,000 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 8,080 shares in the company, valued at $6,116,398.40. This trade represents a 33.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 159,992 shares of company stock worth $123,244,714 over the last ninety days. Insiders own 0.60% of the company’s stock.

Quanta Services Price Performance

Shares of Quanta Services stock opened at $714.89 on Wednesday. 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 stock has a market capitalization of $107.28 billion, a price-to-earnings ratio of 98.06, a P/E/G ratio of 2.48 and a beta of 1.24. Quanta Services, Inc. has a 1-year low of $320.56 and a 1-year high of $788.75. The firm’s 50-day moving average price is $623.03 and its two-hundred day moving average price is $523.61.

Quanta Services (NYSE:PWR) last issued 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 firm had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The company’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, equities analysts predict that Quanta Services, Inc. will post 12.84 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

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. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, April 2nd. Quanta Services’s dividend payout ratio is currently 6.04%.

Wall Street Analyst Weigh In

PWR has been the subject of several recent research reports. Argus increased their price target on shares of Quanta Services from $540.00 to $650.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. The Goldman Sachs Group increased their price target on shares of Quanta Services from $685.00 to $826.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. DA Davidson increased their price target on shares of Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Stifel Nicolaus set a $784.00 price target on shares of Quanta Services in a research report on Friday, May 1st. Finally, Wall Street Zen raised shares of Quanta Services from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $708.05.

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.