Vise Technologies Inc. raised its holdings in Quanta Services, Inc. (NYSE:PWR – Free Report) by 20.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,128 shares of the construction company’s stock after buying an additional 866 shares during the quarter. Vise Technologies Inc.’s holdings in Quanta Services were worth $2,164,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of PWR. Darwin Wealth Management LLC bought a new stake in Quanta Services in the 2nd quarter valued at $26,000. Flagship Harbor Advisors LLC bought a new stake in Quanta Services in the 4th quarter valued at $28,000. Creative Financial Designs Inc. ADV increased its holdings in Quanta Services by 266.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 77 shares of the construction company’s stock valued at $32,000 after buying an additional 56 shares during the period. Laurel Wealth Advisors LLC bought a new stake in Quanta Services in the 4th quarter valued at $34,000. Finally, Elyxium Wealth LLC bought a new stake in Quanta Services in the 4th quarter valued at $34,000. Institutional investors own 90.49% of the company’s stock.
Insider Activity
In other Quanta Services news, 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 value of $20,032,294.32. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $756.98, for a total transaction of $3,027,920.00. Following the completion of the transaction, the chief accounting officer directly owned 8,080 shares of the company’s stock, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 159,992 shares of company stock valued at $123,244,714 in the last 90 days. Corporate insiders own 0.60% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Stock Analysis on Quanta Services
Quanta Services Stock Performance
Quanta Services stock opened at $696.07 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09. The stock has a fifty day moving average price of $661.40 and a two-hundred day moving average price of $548.61. Quanta Services, Inc. has a 52-week low of $341.93 and a 52-week high of $788.75. The firm has a market capitalization of $104.45 billion, a P/E ratio of 95.48, a P/E/G ratio of 2.74 and a beta of 1.20.
Quanta Services (NYSE:PWR – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7 billion. During the same period in the prior year, the company posted $1.78 earnings per share. The business’s revenue for the quarter 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, analysts anticipate that Quanta Services, Inc. will post 12.81 EPS for the current fiscal year.
Quanta Services declared that its Board of Directors has authorized a share buyback program on Friday, May 22nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
Quanta Services Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s dividend payout ratio is currently 6.04%.
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.
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