Meiji Yasuda Asset Management Co Ltd. Trims Stake in Quanta Services, Inc. $PWR

Meiji Yasuda Asset Management Co Ltd. lowered its holdings in Quanta Services, Inc. (NYSE:PWR) by 20.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,656 shares of the construction company’s stock after selling 3,267 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Quanta Services were worth $5,342,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sunburst Financial Group LLC raised its position in Quanta Services by 2.0% in the fourth quarter. Sunburst Financial Group LLC now owns 1,147 shares of the construction company’s stock valued at $484,000 after purchasing an additional 22 shares during the period. Spirepoint Private Client LLC raised its position in Quanta Services by 2.0% in the fourth quarter. Spirepoint Private Client LLC now owns 1,107 shares of the construction company’s stock valued at $467,000 after purchasing an additional 22 shares during the period. Vista Capital Partners Inc. raised its position in Quanta Services by 3.1% in the fourth quarter. Vista Capital Partners Inc. now owns 742 shares of the construction company’s stock valued at $313,000 after purchasing an additional 22 shares during the period. Headinvest LLC raised its holdings in shares of Quanta Services by 2.2% in the 4th quarter. Headinvest LLC now owns 1,001 shares of the construction company’s stock valued at $422,000 after buying an additional 22 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Quanta Services by 0.5% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company’s stock valued at $1,968,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Key Stories Impacting Quanta Services

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Quanta Services approved a new $1.0 billion stock repurchase program, which signals management and the board may view the shares as undervalued and provides a potential support for earnings per share over time. Quanta Services Announces Quarterly Cash Dividend and New $1 Billion Stock Repurchase Program
• Positive Sentiment: The company also declared a quarterly dividend of $0.11 per share, reinforcing capital returns to shareholders, although the yield remains modest. Quanta Services Announces Quarterly Cash Dividend and New $1 Billion Stock Repurchase Program
• Positive Sentiment: CICC initiated coverage of Quanta Services (PWR) with an outperform rating, adding another bullish analyst signal. CICC initiates coverage of Quanta Services (PWR) with outperform recommendation
• Neutral Sentiment: Analysts and commentators continue to highlight long-term demand tailwinds from power grid upgrades, renewables, telecom, and AI data center buildouts, which support the investment case but do not represent a near-term catalyst on their own. Quanta vs. MasTec: Which AI Infrastructure Stock is the Better Buy?
• Neutral Sentiment: Quanta also added Joseph Kim to its Board of Directors, a governance update that may be viewed positively but is unlikely to move the stock as much as the buyback announcement. Joseph Kim Joins Quanta Services Board of Directors
• Negative Sentiment: One article noted that the $1 billion buyback is being weighed against growth and valuation concerns, suggesting some investors may question whether the stock is expensive after its strong run. Quanta Services Weighs US$1b Buyback Against Growth And Valuation Concerns

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. TD Cowen boosted their price objective on Quanta Services from $570.00 to $775.00 and gave the company a “buy” rating in a report on Monday, May 4th. Wolfe Research boosted their price objective on Quanta Services from $477.00 to $576.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Wall Street Zen upgraded Quanta Services from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Robert W. Baird boosted their price objective on Quanta Services from $606.00 to $777.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Finally, Citigroup boosted their price objective on Quanta Services from $640.00 to $733.00 and gave the company a “buy” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $715.17.

Insider Buying and Selling at Quanta Services

In related news, CAO Paul Nobel sold 4,000 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $756.98, for a total transaction of $3,027,920.00. Following the completion of 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 through this hyperlink. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $770.65, for a total value of $100,184,500.00. Following the transaction, the chief executive officer directly owned 556,911 shares of the company’s stock, valued at $429,183,462.15. The trade was a 18.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 159,992 shares of company stock valued at $123,244,714 over the last three months. 0.60% of the stock is currently owned by insiders.

Quanta Services Trading Up 0.8%

PWR opened at $722.60 on Friday. Quanta Services, Inc. has a 12 month low of $326.89 and a 12 month high of $788.75. The stock has a market capitalization of $108.43 billion, a price-to-earnings ratio of 99.12, a PEG ratio of 2.46 and a beta of 1.24. 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 business has a fifty day moving average price of $632.01 and a 200 day moving average price of $528.65.

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

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Wednesday, July 1st will be 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 is Wednesday, July 1st. Quanta Services’s payout ratio is presently 6.04%.

Quanta Services declared that its board has initiated a stock buyback program on Friday, May 22nd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to purchase up to 0.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

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.