DJE Kapital AG increased its position in shares of Quanta Services, Inc. (NYSE:PWR – Free Report) by 11.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 81,140 shares of the construction company’s stock after purchasing an additional 8,513 shares during the quarter. Quanta Services comprises approximately 1.0% of DJE Kapital AG’s portfolio, making the stock its 29th biggest holding. DJE Kapital AG’s holdings in Quanta Services were worth $43,737,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its position in Quanta Services by 2.1% during the 4th quarter. State Street Corp now owns 6,206,761 shares of the construction company’s stock worth $2,619,626,000 after buying an additional 126,014 shares during the period. Geode Capital Management LLC boosted its position in shares of Quanta Services by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 4,086,544 shares of the construction company’s stock valued at $1,718,371,000 after acquiring an additional 110,360 shares during the period. Victory Capital Management Inc. grew its stake in shares of Quanta Services by 35.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock valued at $1,230,493,000 after acquiring an additional 758,862 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Quanta Services by 4.9% in the second quarter. Bank of America Corp DE now owns 2,150,718 shares of the construction company’s stock valued at $813,144,000 after acquiring an additional 99,782 shares in the last quarter. Finally, Norges Bank bought a new position in Quanta Services during the fourth quarter worth about $817,285,000. 90.49% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have issued reports on the stock. Jefferies Financial Group cut their price objective on shares of Quanta Services from $857.00 to $784.00 and set a “buy” rating for the company in a report on Friday, July 10th. BNP Paribas Exane started coverage on shares of Quanta Services in a report on Tuesday, April 14th. They set a “neutral” rating on the stock. Robert W. Baird lifted their price target on shares of Quanta Services from $606.00 to $777.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. increased their price target on Quanta Services from $627.00 to $805.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Weiss Ratings upgraded Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 20th. Nineteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Quanta Services presently has an average rating of “Moderate Buy” and a consensus price target of $749.68.
Insiders Place Their Bets
In other Quanta Services news, CEO Earl C. Jr. Austin sold 130,000 shares of Quanta Services stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $770.65, for a total value of $100,184,500.00. Following the transaction, the chief executive officer 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 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. The trade was a 33.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 159,992 shares of company stock valued at $123,244,714 in the last three months. 0.60% of the stock is owned by insiders.
Quanta Services Stock Performance
Shares of Quanta Services stock opened at $633.11 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57. The company has a market cap of $95.00 billion, a PE ratio of 86.85, a price-to-earnings-growth ratio of 2.47 and a beta of 1.21. The company has a 50 day moving average of $700.55 and a 200-day moving average of $600.86. Quanta Services, Inc. has a 1-year low of $363.01 and a 1-year high of $788.75.
Quanta Services (NYSE:PWR – Get Free Report) last announced its quarterly earnings data 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 business had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7 billion. During the same period last year, the firm posted $1.78 earnings per share. The firm’s quarterly 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 research analysts forecast that Quanta Services, Inc. will post 12.8 earnings per share for the current fiscal year.
Quanta Services Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st were paid a $0.11 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is presently 6.04%.
Quanta Services declared that its board has initiated a share buyback program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
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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