Triglav Investments D.O.O. increased its holdings in shares of Quanta Services, Inc. (NYSE:PWR – Free Report) by 10.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,011 shares of the construction company’s stock after acquiring an additional 2,146 shares during the quarter. Triglav Investments D.O.O.’s holdings in Quanta Services were worth $9,712,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Fideuram Asset Management Ireland dac acquired a new position in shares of Quanta Services during the 4th quarter worth approximately $824,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new position in shares of Quanta Services during the 4th quarter worth approximately $223,000. SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of Quanta Services during the 4th quarter worth approximately $259,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Quanta Services by 24.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 21,220 shares of the construction company’s stock worth $8,956,000 after acquiring an additional 4,220 shares during the last quarter. Finally, Foundations Investment Advisors LLC increased its holdings in shares of Quanta Services by 25.0% during the 4th quarter. Foundations Investment Advisors LLC now owns 3,123 shares of the construction company’s stock worth $1,318,000 after acquiring an additional 624 shares during the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
PWR has been the subject of several recent research reports. Stifel Nicolaus set a $784.00 price target on Quanta Services in a research note on Friday, May 1st. BMO Capital Markets boosted their price target on Quanta Services from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. BNP Paribas Exane initiated coverage on Quanta Services in a research note on Tuesday, April 14th. They issued a “neutral” rating for the company. Weiss Ratings upgraded Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 20th. Finally, CICC Research initiated coverage on Quanta Services in a research note on Thursday, May 21st. They issued an “outperform” rating and a $872.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $733.87.
Quanta Services Stock Performance
PWR opened at $710.34 on Friday. The business has a fifty day simple moving average of $647.92 and a 200 day simple moving average of $538.51. The company has a market capitalization of $106.59 billion, a PE ratio of 97.44, a price-to-earnings-growth ratio of 2.51 and a beta of 1.24. Quanta Services, Inc. has a 1 year low of $336.57 and a 1 year high of $788.75. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09.
Quanta Services (NYSE:PWR – Get Free Report) last released its 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 company’s revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Research analysts expect that Quanta Services, Inc. will post 12.84 EPS for the current year.
Quanta Services Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Wednesday, July 1st. Quanta Services’s dividend payout ratio is presently 6.04%.
Quanta Services announced that its board has authorized a share repurchase plan 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 plans are often an indication that the company’s board believes its stock is undervalued.
Insiders Place Their Bets
In other news, CEO Earl C. Jr. Austin sold 25,992 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the completion of the sale, the chief executive officer directly owned 16,508 shares in the company, valued at approximately $12,722,880.68. This represents a 61.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $756.98, for a total value of $3,027,920.00. Following the sale, the chief accounting officer 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 159,992 shares of company stock valued at $123,244,714. Corporate insiders own 0.60% of the company’s stock.
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.
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