Quanta Services, Inc. $PWR is Avalon Trust Co’s 10th Largest Position

Avalon Trust Co lowered its stake in Quanta Services, Inc. (NYSE:PWR) by 35.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 60,570 shares of the construction company’s stock after selling 33,094 shares during the quarter. Quanta Services makes up about 2.3% of Avalon Trust Co’s holdings, making the stock its 10th biggest position. Avalon Trust Co’s holdings in Quanta Services were worth $33,254,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Cedar Mountain Advisors LLC increased its position in Quanta Services by 321.4% during the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after buying an additional 45 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of Quanta Services in the second quarter valued at $26,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Quanta Services during the fourth quarter valued at $28,000. MV Capital Management Inc. purchased a new stake in Quanta Services during the 4th quarter worth about $30,000. Finally, Meeder Asset Management Inc. raised its stake in Quanta Services by 221.7% in the 4th quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock valued at $31,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PWR shares. Evercore upped their target price on shares of Quanta Services from $635.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, May 1st. CICC Research initiated coverage on shares of Quanta Services in a research report on Thursday, May 21st. They issued an “outperform” rating and a $872.00 price objective for the company. Sanford C. Bernstein upped their price objective on shares of Quanta Services from $538.00 to $725.00 and gave the company a “market perform” rating in a research note on Tuesday, May 5th. Citigroup raised their target price on shares of Quanta Services from $640.00 to $733.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, Stifel Nicolaus set a $784.00 target price on shares of Quanta Services in a research note on Friday, May 1st. Nineteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Quanta Services presently has an average rating of “Moderate Buy” and a consensus target price of $751.86.

Insiders Place Their Bets

In related news, CAO Paul Nobel sold 4,000 shares of the stock in a transaction 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 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Earl C. Jr. Austin sold 25,992 shares of Quanta Services stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total value of $20,032,294.32. Following the completion of the transaction, the chief executive officer owned 16,508 shares in the company, valued at $12,722,880.68. The trade was a 61.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 159,992 shares of company stock valued at $123,244,714. Insiders own 0.60% of the company’s stock.

Quanta Services Trading Down 2.9%

Shares of PWR stock opened at $630.09 on Friday. The firm’s 50-day simple moving average is $705.81 and its 200-day simple moving average is $598.03. 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, Inc. has a 1-year low of $363.01 and a 1-year high of $788.75. The firm has a market cap of $94.55 billion, a P/E ratio of 86.43, a PEG ratio of 2.55 and a beta of 1.21.

Quanta Services (NYSE:PWR) last released its 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 firm had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7 billion. During the same period in the previous year, the firm earned $1.78 earnings per share. Quanta Services’s 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. As a group, equities analysts forecast that Quanta Services, Inc. will post 12.8 EPS for the current year.

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was 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 announced that its board has initiated a share buyback program on Friday, May 22nd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to buy up to 0.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

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.