Krilogy Financial LLC Acquires 1,386 Shares of Quanta Services, Inc. $PWR

Krilogy Financial LLC lifted its stake in Quanta Services, Inc. (NYSE:PWR) by 202.0% in the 1st quarter, HoldingsChannel reports. The firm owned 2,072 shares of the construction company’s stock after acquiring an additional 1,386 shares during the period. Krilogy Financial LLC’s holdings in Quanta Services were worth $1,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new stake in Quanta Services during the fourth quarter valued at about $817,285,000. Bank of America Corp DE raised its stake in shares of Quanta Services by 35.6% in 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. Victory Capital Management Inc. lifted its position in shares of Quanta Services by 35.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock valued at $1,230,493,000 after buying an additional 758,862 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of Quanta Services by 137.6% during the 4th quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock valued at $486,065,000 after acquiring an additional 667,050 shares during the period. Finally, Sands Capital Management LLC purchased a new stake in Quanta Services in the 4th quarter worth approximately $243,485,000. 90.49% of the stock is owned by institutional investors.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $718.77 on Friday. The firm has a market cap of $107.86 billion, a price-to-earnings ratio of 98.60, a P/E/G ratio of 2.76 and a beta of 1.20. The firm has a fifty day moving average price of $700.61 and a 200 day moving average price of $573.61. Quanta Services, Inc. has a fifty-two week low of $363.01 and a fifty-two week high of $788.75. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.64. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The company had revenue of $7.87 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, sell-side analysts expect that Quanta Services, Inc. will post 12.81 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

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

Quanta Services announced that its board has initiated a stock repurchase plan on Friday, May 22nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. TD Cowen lifted their price target on shares of Quanta Services from $570.00 to $775.00 and gave the company a “buy” rating in a report on Monday, May 4th. Citigroup raised their price objective on shares of Quanta Services from $640.00 to $733.00 and gave the company a “buy” rating in a research report on Monday, April 27th. The Goldman Sachs Group upped their target price on shares of Quanta Services from $685.00 to $826.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Mizuho raised their price target on Quanta Services from $580.00 to $693.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, CICC Research assumed coverage on Quanta Services in a research report on Thursday, May 21st. They issued 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 assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Quanta Services has an average rating of “Moderate Buy” and a consensus target price of $733.87.

Insider Activity at Quanta Services

In other Quanta Services news, CEO Earl C. Jr. Austin sold 130,000 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the completion of the transaction, the chief executive officer owned 556,911 shares in the company, valued at $429,183,462.15. This trade represents a 18.93% 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 dated 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 sale, the chief accounting officer owned 8,080 shares in the company, valued at $6,116,398.40. This represents a 33.11% 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 in the last 90 days. 0.60% of the stock is currently owned by company insiders.

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.