Northwestern Mutual Wealth Management Co. Raises Stock Position in Quanta Services, Inc. $PWR

Northwestern Mutual Wealth Management Co. grew its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 24.8% during the fourth quarter, Holdings Channel reports. The firm owned 21,220 shares of the construction company’s stock after purchasing an additional 4,220 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Quanta Services were worth $8,956,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Quanta Services by 2.2% during the third quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock worth $7,519,079,000 after purchasing an additional 386,937 shares during the period. State Street Corp increased its stake in shares of Quanta Services by 1.2% during the third quarter. State Street Corp now owns 6,080,747 shares of the construction company’s stock worth $2,519,983,000 after buying an additional 73,460 shares during the period. Geode Capital Management LLC increased its stake in shares of Quanta Services by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 4,086,544 shares of the construction company’s stock worth $1,718,371,000 after buying an additional 110,360 shares during the period. Bank of America Corp DE increased its stake in shares of Quanta Services by 35.6% during the third quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock worth $1,208,672,000 after buying an additional 765,822 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Quanta Services by 8.8% during the third quarter. Victory Capital Management Inc. now owns 2,156,578 shares of the construction company’s stock worth $893,139,000 after buying an additional 174,083 shares during the period. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of Quanta Services from $654.00 to $857.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Oppenheimer raised Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price target for the company in a report on Thursday, May 28th. Wall Street Zen raised Quanta Services from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings raised Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 20th. Finally, Argus upped their price target on Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $733.87.

Quanta Services Price Performance

Quanta Services stock opened at $706.74 on Wednesday. Quanta Services, Inc. has a 12 month low of $341.93 and a 12 month high of $788.75. 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 50 day simple moving average of $650.14 and a 200-day simple moving average of $540.81. The stock has a market capitalization of $106.05 billion, a PE ratio of 96.95, a price-to-earnings-growth ratio of 2.70 and a beta of 1.20.

Quanta Services (NYSE:PWR) last released its quarterly 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 business 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 business earned $1.78 earnings per share. The company’s quarterly 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. Equities analysts predict that Quanta Services, Inc. will post 12.84 earnings per share for the current year.

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Stockholders 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 dividend yield of 0.1%. The ex-dividend date is Wednesday, July 1st. Quanta Services’s dividend payout ratio is 6.04%.

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

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 stock was sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the completion of the sale, the chief executive officer owned 16,508 shares in the company, 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 company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $756.98, for a total value of $3,027,920.00. Following the sale, the chief accounting officer owned 8,080 shares of the company’s stock, valued at $6,116,398.40. This trade represents a 33.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 159,992 shares of company stock valued at $123,244,714 in the last 90 days. Company insiders own 0.60% of the company’s stock.

Quanta Services 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.