Sierra Summit Advisors LLC cut its position in shares of Quanta Services, Inc. (NYSE:PWR – Free Report) by 18.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,987 shares of the construction company’s stock after selling 6,156 shares during the quarter. Quanta Services accounts for about 1.8% of Sierra Summit Advisors LLC’s portfolio, making the stock its 21st biggest holding. Sierra Summit Advisors LLC’s holdings in Quanta Services were worth $11,812,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Darwin Wealth Management LLC bought a new position in shares of Quanta Services during the second quarter worth about $26,000. Activest Wealth Management grew its holdings in shares of Quanta Services by 94.1% during the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after buying an additional 32 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Quanta Services during the fourth quarter worth about $28,000. Cornerstone Planning Group LLC grew its holdings in shares of Quanta Services by 213.0% during the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock worth $30,000 after buying an additional 49 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of Quanta Services by 266.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 77 shares of the construction company’s stock worth $32,000 after buying an additional 56 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other news, CAO Paul Nobel sold 4,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly owned 8,080 shares of the company’s stock, valued at $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 SEC, which is available at this link. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 16,508 shares of the company’s stock, valued at approximately $12,722,880.68. The trade was a 61.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 159,992 shares of company stock valued at $123,244,714. Insiders own 0.60% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Stock Analysis on Quanta Services
Quanta Services Stock Down 0.7%
PWR stock opened at $708.94 on Thursday. 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 business has a 50 day moving average price of $625.85 and a two-hundred day moving average price of $525.41. The company has a market cap of $106.38 billion, a price-to-earnings ratio of 97.25, a P/E/G ratio of 2.45 and a beta of 1.24. Quanta Services, Inc. has a twelve month low of $320.56 and a twelve month high of $788.75.
Quanta Services (NYSE:PWR – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.64. The firm 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%.The business’s revenue was up 26.3% compared to the same quarter last year. During the same period last year, the company earned $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Analysts anticipate that Quanta Services, Inc. will post 12.84 EPS for the current fiscal year.
Quanta Services Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd were 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 of this dividend was Thursday, April 2nd. Quanta Services’s dividend payout ratio (DPR) is presently 6.04%.
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.
Featured Articles
- Five stocks we like better than Quanta Services
- From Zepbound to Foundayo: Lilly’s Latest Results Support Oral GLP-1 Outlook
- AI Consolidation Begins: Blackstone & Google Forge an AI Empire
- USA Rare Earth Posts Strong Q1 2026 as Massive Serra Vera Deal Looms
- 3 Space Infrastructure Stocks Gaining Momentum Ahead of the SpaceX IPO
Want to see what other hedge funds are holding PWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quanta Services, Inc. (NYSE:PWR – Free Report).
Receive News & Ratings for Quanta Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quanta Services and related companies with MarketBeat.com's FREE daily email newsletter.
