Northwestern Mutual Wealth Management Co. lessened its holdings in Quanta Services, Inc. (NYSE:PWR – Free Report) by 39.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,366 shares of the construction company’s stock after selling 6,634 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Quanta Services were worth $4,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently made changes to their positions in PWR. Bank of America Corp DE lifted its position in shares of Quanta Services by 35.6% during the 3rd quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock valued at $1,208,672,000 after buying an additional 765,822 shares during the last quarter. Select Equity Group L.P. lifted its position in shares of Quanta Services by 69.3% during the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock valued at $384,554,000 after buying an additional 416,395 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Quanta Services by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock valued at $7,519,079,000 after buying an additional 386,937 shares during the last quarter. ABN AMRO Bank N.V. lifted its position in shares of Quanta Services by 376.5% during the 4th quarter. ABN AMRO Bank N.V. now owns 422,486 shares of the construction company’s stock valued at $178,264,000 after buying an additional 333,817 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Quanta Services by 29.9% during the 3rd quarter. First Trust Advisors LP now owns 812,748 shares of the construction company’s stock valued at $336,819,000 after buying an additional 186,857 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Cantor Fitzgerald upped their price target on Quanta Services from $630.00 to $901.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. UBS Group upped their price target on Quanta Services from $646.00 to $900.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Mizuho upped their price target on Quanta Services from $580.00 to $693.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Stifel Nicolaus set a $784.00 price target on Quanta Services in a research report on Friday, May 1st. Finally, Citigroup boosted their price objective on Quanta Services from $640.00 to $733.00 and gave the company a “buy” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and an average target price of $715.17.
Quanta Services Stock Performance
Shares of PWR opened at $722.60 on Monday. The stock’s 50-day simple moving average is $632.01 and its 200 day simple moving average is $529.20. The stock has a market capitalization of $108.43 billion, a price-to-earnings ratio of 99.12, a price-to-earnings-growth ratio of 2.48 and a beta of 1.24. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14. Quanta Services, Inc. has a 52-week low of $326.89 and a 52-week high of $788.75.
Quanta Services (NYSE:PWR – Get Free Report) last announced its earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.64. The business had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7 billion. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The company’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Research analysts forecast that Quanta Services, Inc. will post 12.84 EPS for the current fiscal year.
Quanta Services Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, July 1st. Quanta Services’s dividend payout ratio is currently 6.04%.
Quanta Services declared that its Board of Directors has authorized a share repurchase program on Friday, May 22nd that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to purchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
Trending Headlines about Quanta Services
Here are the key news stories impacting Quanta Services this week:
- Positive Sentiment: Quanta Services approved a new $1.0 billion stock repurchase program, which signals management and the board may view the shares as undervalued and provides a potential support for earnings per share over time. Quanta Services Announces Quarterly Cash Dividend and New $1 Billion Stock Repurchase Program
- Positive Sentiment: The company also declared a quarterly dividend of $0.11 per share, reinforcing capital returns to shareholders, although the yield remains modest. Quanta Services Announces Quarterly Cash Dividend and New $1 Billion Stock Repurchase Program
- Positive Sentiment: CICC initiated coverage of Quanta Services (PWR) with an outperform rating, adding another bullish analyst signal. CICC initiates coverage of Quanta Services (PWR) with outperform recommendation
- Neutral Sentiment: Analysts and commentators continue to highlight long-term demand tailwinds from power grid upgrades, renewables, telecom, and AI data center buildouts, which support the investment case but do not represent a near-term catalyst on their own. Quanta vs. MasTec: Which AI Infrastructure Stock is the Better Buy?
- Neutral Sentiment: Quanta also added Joseph Kim to its Board of Directors, a governance update that may be viewed positively but is unlikely to move the stock as much as the buyback announcement. Joseph Kim Joins Quanta Services Board of Directors
- Negative Sentiment: One article noted that the $1 billion buyback is being weighed against growth and valuation concerns, suggesting some investors may question whether the stock is expensive after its strong run. Quanta Services Weighs US$1b Buyback Against Growth And Valuation Concerns
Insider Transactions at Quanta Services
In other Quanta Services news, CEO Earl C. Jr. Austin sold 130,000 shares of the company’s 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 directly owned 556,911 shares in the company, valued at $429,183,462.15. This represents a 18.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of the company’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 completion of the transaction, the chief accounting officer owned 8,080 shares in the company, valued at $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 worth $123,244,714 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.
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.
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