Sather Financial Group Inc Has $16.19 Million Stock Position in Quanta Services, Inc. $PWR

Sather Financial Group Inc boosted its stake in Quanta Services, Inc. (NYSE:PWR) by 2,861.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 29,497 shares of the construction company’s stock after acquiring an additional 28,501 shares during the period. Quanta Services accounts for 1.0% of Sather Financial Group Inc’s portfolio, making the stock its 25th biggest position. Sather Financial Group Inc’s holdings in Quanta Services were worth $16,194,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC lifted its position in shares of Quanta Services by 321.4% in the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after purchasing an additional 45 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of Quanta Services during the second quarter worth $26,000. Flagship Harbor Advisors LLC acquired a new position in Quanta Services in the fourth quarter valued at $28,000. MV Capital Management Inc. bought a new stake in Quanta Services during the fourth quarter valued at $30,000. Finally, Meeder Asset Management Inc. grew its holdings in Quanta Services by 221.7% during the 4th quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock worth $31,000 after acquiring an additional 51 shares during the period. Institutional investors own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

PWR has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $784.00 price objective on Quanta Services in a research note on Friday, May 1st. TD Cowen raised their target price on Quanta Services from $570.00 to $775.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Citigroup lifted their target price on Quanta Services from $640.00 to $733.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Sanford C. Bernstein increased their price target on Quanta Services from $538.00 to $725.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. Finally, Evercore raised their price objective on shares of Quanta Services from $635.00 to $800.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and a consensus price target of $755.18.

Insider Buying and Selling at Quanta Services

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $6,116,398.40. This trade represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the company’s stock in a transaction dated 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 position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 159,992 shares of company stock valued at $123,244,714. 0.60% of the stock is currently owned by insiders.

Quanta Services Stock Down 4.5%

Shares of PWR traded down $30.16 during trading hours on Tuesday, hitting $643.88. The stock had a trading volume of 392,443 shares, compared to its average volume of 1,181,487. Quanta Services, Inc. has a 1-year low of $363.01 and a 1-year high of $788.75. The firm has a market capitalization of $96.62 billion, a P/E ratio of 88.28, a price-to-earnings-growth ratio of 2.63 and a beta of 1.21. The firm has a 50 day simple moving average of $712.30 and a 200-day simple moving average of $585.33. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.64. The business 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 firm’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Sell-side analysts predict that Quanta Services, Inc. will post 12.81 EPS 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 issued 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 dividend payout ratio (DPR) is currently 6.04%.

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

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.