HighTower Advisors LLC Sells 2,609 Shares of Quanta Services, Inc. $PWR

HighTower Advisors LLC decreased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 1.6% during the fourth quarter, HoldingsChannel reports. The fund owned 165,337 shares of the construction company’s stock after selling 2,609 shares during the quarter. HighTower Advisors LLC’s holdings in Quanta Services were worth $69,782,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Lansforsakringar Fondforvaltning AB publ grew its stake in shares of Quanta Services by 5.4% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock valued at $19,316,000 after buying an additional 2,375 shares during the last quarter. Chilton Capital Management LLC grew its stake in shares of Quanta Services by 63.3% during the third quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock valued at $69,016,000 after buying an additional 64,560 shares during the last quarter. Yahav Achim Ve Achayot Provident Funds Management Co Ltd. bought a new position in shares of Quanta Services during the third quarter valued at approximately $1,752,000. Atria Investments Inc grew its stake in shares of Quanta Services by 20.4% during the third quarter. Atria Investments Inc now owns 13,818 shares of the construction company’s stock valued at $5,727,000 after buying an additional 2,340 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Quanta Services by 9.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,602 shares of the construction company’s stock worth $21,357,000 after buying an additional 4,568 shares during the period. Institutional investors own 90.49% of the company’s stock.

Insider Activity at Quanta Services

In other news, CEO Earl C. Jr. Austin sold 25,992 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 16,508 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this link. Also, CAO Paul Nobel sold 4,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $756.98, for a total value of $3,027,920.00. Following the sale, the chief accounting officer directly owned 8,080 shares in the company, valued at approximately $6,116,398.40. The trade was a 33.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 159,992 shares of company stock valued at $123,244,714 in the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on PWR. CICC Research began coverage on shares of Quanta Services in a research note on Thursday. They issued an “outperform” rating on the stock. Wall Street Zen raised shares of Quanta Services from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research raised shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 8th. Evercore raised their price target on shares of Quanta Services from $635.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Finally, Weiss Ratings downgraded shares of Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $708.05.

Quanta Services Trading Down 0.7%

Shares of NYSE PWR opened at $708.94 on Thursday. The business has a fifty day simple moving average of $625.85 and a two-hundred day simple moving average of $525.41. Quanta Services, Inc. has a twelve month low of $320.56 and a twelve month high of $788.75. The firm has a market cap of $106.38 billion, a PE ratio of 97.25, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results 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. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The firm had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7 billion. During the same quarter in the prior year, the company earned $1.78 EPS. The company’s 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. Analysts expect that Quanta Services, Inc. will post 12.84 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd were given 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 dividend payout ratio is presently 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.