Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New $1.76 Million Investment in Quanta Services, Inc. $PWR

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Quanta Services, Inc. (NYSE:PWR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,169 shares of the construction company’s stock, valued at approximately $1,760,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lansforsakringar Fondforvaltning AB publ lifted its position in shares of Quanta Services by 5.4% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock worth $19,316,000 after purchasing an additional 2,375 shares during the period. Chilton Capital Management LLC lifted its position in shares of Quanta Services by 63.3% in the 3rd quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock worth $69,016,000 after purchasing an additional 64,560 shares during the period. Yahav Achim Ve Achayot Provident Funds Management Co Ltd. acquired a new position in shares of Quanta Services in the 3rd quarter worth approximately $1,752,000. Atria Investments Inc lifted its position in shares of Quanta Services by 20.4% in the 3rd quarter. Atria Investments Inc now owns 13,818 shares of the construction company’s stock worth $5,727,000 after purchasing an additional 2,340 shares during the period. Finally, Westfield Capital Management Co. LP lifted its position in shares of Quanta Services by 44.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 245,506 shares of the construction company’s stock worth $101,743,000 after purchasing an additional 75,449 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Insiders Place Their Bets

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief accounting officer owned 8,080 shares in the company, valued at approximately $6,116,398.40. The trade was a 33.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the business’s stock in a transaction 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 owned 16,508 shares of the company’s stock, valued at $12,722,880.68. This trade represents a 61.16% decrease in their position. 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 in the last 90 days. 0.60% of the stock is currently owned by company insiders.

Quanta Services Stock Performance

Shares of PWR stock opened at $722.60 on Friday. The firm has a market capitalization of $108.43 billion, a PE ratio of 99.12, a price-to-earnings-growth ratio of 2.48 and a beta of 1.24. The firm has a fifty day simple moving average of $632.01 and a two-hundred day simple moving average of $528.65. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57. Quanta Services, Inc. has a 12 month low of $326.89 and a 12 month high of $788.75.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.64. The business 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%. Quanta Services’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Analysts forecast that Quanta Services, Inc. will post 12.84 EPS for the current fiscal year.

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

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, July 1st. Quanta Services’s payout ratio is 6.04%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PWR. Argus boosted 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. Sanford C. Bernstein boosted their price target on shares of Quanta Services from $538.00 to $725.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Wall Street Zen upgraded shares of Quanta Services from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. B. Riley Financial reiterated a “neutral” rating on shares of Quanta Services in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Quanta Services from $627.00 to $805.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $715.17.

Trending Headlines about 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

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.