Securian Asset Management Inc. Has $1.71 Million Stock Holdings in Quanta Services, Inc. $PWR

Securian Asset Management Inc. lessened its position in Quanta Services, Inc. (NYSE:PWR) by 44.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,055 shares of the construction company’s stock after selling 3,189 shares during the quarter. Securian Asset Management Inc.’s holdings in Quanta Services were worth $1,711,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Darwin Wealth Management LLC acquired a new stake in Quanta Services in the 2nd quarter valued at approximately $26,000. Activest Wealth Management increased its position in shares of Quanta Services by 94.1% during the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after purchasing an additional 32 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Quanta Services during the 4th quarter worth approximately $28,000. Cornerstone Planning Group LLC increased its position in shares of Quanta Services by 213.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock worth $30,000 after purchasing an additional 49 shares during the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Quanta Services during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analyst Ratings Changes

PWR has been the topic of several recent analyst reports. Wall Street Zen raised Quanta Services from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Stifel Nicolaus set a $784.00 price target on Quanta Services in a research report on Friday, May 1st. Robert W. Baird boosted their price target on Quanta Services from $606.00 to $777.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Mizuho boosted their price target on Quanta Services from $580.00 to $693.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Finally, Bank of America boosted their price target on Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Seventeen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $708.05.

Insider Activity at Quanta Services

In other news, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction that occurred on 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 in the company, valued at approximately $6,116,398.40. The trade was a 33.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Earl C. Jr. Austin sold 130,000 shares of Quanta Services stock in a transaction that occurred on 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 of the company’s stock, valued at $429,183,462.15. This represents a 18.93% decrease in their ownership of the stock. 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 over the last quarter. 0.60% of the stock is currently owned by corporate insiders.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $779.58 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. Quanta Services, Inc. has a 12 month low of $320.56 and a 12 month high of $788.75. The stock has a 50 day moving average of $599.67 and a 200-day moving average of $510.10. The company has a market capitalization of $116.98 billion, a P/E ratio of 106.94, a P/E/G ratio of 2.56 and a beta of 1.24.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, April 30th. The construction company reported $2.68 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 company had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7 billion. During the same period in the previous year, the company posted $1.78 EPS. The firm’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, equities research analysts predict that Quanta Services, Inc. will post 12.84 EPS for the current year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Thursday, April 2nd. Quanta Services’s payout ratio is currently 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.