Glenview Trust Co Boosts Holdings in Quanta Services, Inc. $PWR

Glenview Trust Co increased its holdings in Quanta Services, Inc. (NYSE:PWR) by 11.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,460 shares of the construction company’s stock after purchasing an additional 1,687 shares during the period. Glenview Trust Co’s holdings in Quanta Services were worth $6,947,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC purchased a new position in Quanta Services in the 4th quarter worth approximately $191,000. Atticus Wealth Management LLC purchased a new position in Quanta Services in the 4th quarter worth approximately $201,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Quanta Services in the 4th quarter worth approximately $1,760,000. Darden Wealth Group Inc lifted its holdings in Quanta Services by 18.1% in the 4th quarter. Darden Wealth Group Inc now owns 1,700 shares of the construction company’s stock worth $718,000 after purchasing an additional 260 shares in the last quarter. Finally, MQS Management LLC purchased a new position in Quanta Services in the 4th quarter worth approximately $271,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. BNP Paribas Exane assumed coverage on Quanta Services in a report on Tuesday, April 14th. They set a “neutral” rating on the stock. Jefferies Financial Group upped their price objective on Quanta Services from $654.00 to $857.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Evercore upped their price objective on Quanta Services from $635.00 to $800.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. UBS Group upped their price objective on Quanta Services from $646.00 to $900.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, CICC Research assumed coverage on Quanta Services in a report on Thursday, May 21st. They set an “outperform” rating and a $872.00 price objective on the stock. One equities research 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $715.17.

Quanta Services Stock Down 0.1%

Shares of PWR opened at $722.60 on Tuesday. The stock has a market capitalization of $108.43 billion, a price-to-earnings ratio of 99.12, a price-to-earnings-growth ratio of 2.48 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’s 50 day simple moving average is $635.13 and its 200-day simple moving average is $531.21. Quanta Services, Inc. has a 1 year low of $326.89 and a 1 year high of $788.75.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.64. The firm had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7 billion. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, equities 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. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s payout ratio is currently 6.04%.

Quanta Services declared that its Board of Directors has approved a stock buyback plan on Friday, May 22nd that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to buy up to 0.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Quanta Services

In other news, CEO Earl C. Jr. Austin sold 130,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the transaction, the chief executive officer owned 556,911 shares of the company’s stock, valued at approximately $429,183,462.15. The trade was a 18.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Paul Nobel sold 4,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief accounting officer directly owned 8,080 shares in the company, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 159,992 shares of company stock worth $123,244,714. Corporate insiders own 0.60% of the company’s stock.

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.