GC Wealth Management RIA LLC Has $11.01 Million Stake in Quanta Services, Inc. $PWR

GC Wealth Management RIA LLC grew its position in shares of Quanta Services, Inc. (NYSE:PWR) by 4.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,062 shares of the construction company’s stock after buying an additional 766 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Quanta Services were worth $11,014,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of PWR. Evoke Wealth LLC bought a new position in Quanta Services in the fourth quarter worth $368,000. Sequoia Financial Advisors LLC grew its position in shares of Quanta Services by 3.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 130,436 shares of the construction company’s stock worth $55,052,000 after buying an additional 3,966 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Quanta Services by 9.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,602 shares of the construction company’s stock worth $21,357,000 after acquiring an additional 4,568 shares in the last quarter. Lebenthal Global Advisors LLC lifted its position in Quanta Services by 9.8% during the 4th quarter. Lebenthal Global Advisors LLC now owns 9,277 shares of the construction company’s stock valued at $3,915,000 after acquiring an additional 830 shares during the period. Finally, North Dakota State Investment Board bought a new stake in Quanta Services during the fourth quarter worth about $2,131,000. 90.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PWR shares. The Goldman Sachs Group raised their target price on shares of Quanta Services from $685.00 to $826.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Weiss Ratings downgraded Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $714.00 price objective on shares of Quanta Services in a research report on Tuesday. Truist Financial lifted their price objective on Quanta Services from $851.00 to $940.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Finally, TD Cowen increased 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. Seventeen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $745.55.

Insider Buying and Selling

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the business’s stock in a transaction on 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 completion of the sale, the chief accounting officer directly owned 8,080 shares in the company, valued at approximately $6,116,398.40. The trade was a 33.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $100,184,500.00. Following the transaction, the chief executive officer directly owned 556,911 shares in the company, valued at $429,183,462.15. The trade was a 18.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 159,992 shares of company stock worth $123,244,714. 0.60% of the stock is owned by insiders.

Quanta Services Price Performance

Shares of NYSE PWR opened at $653.25 on Friday. The firm has a market cap of $98.03 billion, a P/E ratio of 89.61, a PEG ratio of 2.53 and a beta of 1.21. Quanta Services, Inc. has a twelve month low of $363.01 and a twelve month high of $788.75. 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 company has a 50 day moving average of $692.83 and a 200 day moving average of $605.45.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $7 billion. During the same period last year, the business posted $1.78 EPS. The company’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, research analysts expect that Quanta Services, Inc. will post 12.8 EPS for the current fiscal year.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st were issued 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 of this dividend was Wednesday, July 1st. Quanta Services’s payout ratio is presently 6.04%.

Quanta Services announced that its board has initiated a share buyback plan on Friday, May 22nd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership 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.