Gunderson Capital Management LLC Purchases New Stake in Quanta Services, Inc. $PWR

Gunderson Capital Management LLC acquired a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,513 shares of the construction company’s stock, valued at approximately $7,968,000. Quanta Services comprises approximately 3.3% of Gunderson Capital Management LLC’s holdings, making the stock its 13th largest position.

A number of other large investors have also recently made changes to their positions in PWR. Janney Montgomery Scott LLC grew its holdings in shares of Quanta Services by 14.9% during the first quarter. Janney Montgomery Scott LLC now owns 161,981 shares of the construction company’s stock valued at $88,931,000 after buying an additional 20,974 shares during the last quarter. Diamant Asset Management Inc. raised its holdings in shares of Quanta Services by 54,802.0% in the 1st quarter. Diamant Asset Management Inc. now owns 296,471 shares of the construction company’s stock worth $162,769,000 after acquiring an additional 295,931 shares during the last quarter. Caldwell Trust Co raised its holdings in shares of Quanta Services by 5.6% in the 1st quarter. Caldwell Trust Co now owns 13,670 shares of the construction company’s stock worth $7,505,000 after acquiring an additional 723 shares during the last quarter. Cornerstone Wealth Group LLC acquired a new position in Quanta Services during the 1st quarter valued at about $232,000. Finally, Onyx Bridge Wealth Group LLC increased its holdings in Quanta Services by 3.8% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 1,402 shares of the construction company’s stock worth $770,000 after purchasing an additional 51 shares in the last quarter. 90.49% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction dated 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 sale, the chief accounting officer owned 8,080 shares of the company’s stock, valued at approximately $6,116,398.40. The trade was a 33.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 16,508 shares in the company, valued at approximately $12,722,880.68. The trade was a 61.16% 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 worth $123,244,714 over the last quarter. Company insiders own 0.60% of the company’s stock.

Quanta Services Price Performance

Shares of NYSE PWR opened at $686.73 on Friday. The company has a market capitalization of $103.05 billion, a PE ratio of 94.20, a PEG ratio of 2.71 and a beta of 1.20. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57. The stock’s 50 day moving average price is $702.52 and its 200-day moving average price is $574.40. Quanta Services, Inc. has a twelve month low of $363.01 and a twelve month high of $788.75.

Quanta Services (NYSE:PWR) last issued 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 company had revenue of $7.87 billion during 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%.Quanta Services’s revenue was up 26.3% on a year-over-year basis. During the same period last year, the business posted $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, equities analysts anticipate that Quanta Services, Inc. will post 12.81 EPS for the current year.

Quanta Services Dividend Announcement

The firm 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 dividend payout ratio (DPR) is currently 6.04%.

Quanta Services announced that its board has approved a share repurchase program on Friday, May 22nd that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 0.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have recently commented on the company. Roth Mkm increased their price objective on Quanta Services from $600.00 to $650.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Mizuho upped their price target on Quanta Services from $580.00 to $693.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Wall Street Zen raised Quanta Services from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. B. Riley Financial restated a “neutral” rating on shares of Quanta Services in a research note on Friday, May 1st. Finally, BMO Capital Markets upped their target price on shares of Quanta Services from $650.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. One 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 company. According to data from MarketBeat.com, Quanta Services currently has an average rating of “Moderate Buy” and a consensus price target of $733.87.

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.