Quanta Services, Inc. $PWR Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. trimmed its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,761 shares of the construction company’s stock after selling 939 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Quanta Services were worth $19,815,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Lansforsakringar Fondforvaltning AB publ boosted its holdings in Quanta Services by 5.4% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock valued at $19,316,000 after acquiring an additional 2,375 shares during the period. Chilton Capital Management LLC boosted its stake in shares of Quanta Services by 63.3% in the 3rd quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock valued at $69,016,000 after buying an additional 64,560 shares during the period. Yahav Achim Ve Achayot Provident Funds Management Co Ltd. purchased a new position in shares of Quanta Services in the 3rd quarter valued at about $1,752,000. Atria Investments Inc boosted its stake in shares of Quanta Services by 20.4% in the 3rd quarter. Atria Investments Inc now owns 13,818 shares of the construction company’s stock valued at $5,727,000 after buying an additional 2,340 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Quanta Services by 9.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,602 shares of the construction company’s stock valued at $21,357,000 after buying an additional 4,568 shares during the period. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Price Performance

PWR stock opened at $714.89 on Wednesday. The business has a 50 day moving average price of $623.03 and a 200 day moving average price of $523.61. The stock has a market cap of $107.28 billion, a price-to-earnings ratio of 98.06, a PEG ratio of 2.48 and a beta of 1.24. Quanta Services, Inc. has a fifty-two week low of $320.56 and a fifty-two week high of $788.75. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.64. The firm had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7 billion. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The firm’s revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Equities research analysts anticipate that Quanta Services, Inc. will post 12.84 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Thursday, April 2nd were paid a dividend of $0.11 per share. The ex-dividend date was Thursday, April 2nd. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s payout ratio is presently 6.04%.

Insider Activity at Quanta Services

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief accounting officer owned 8,080 shares in the company, valued at approximately $6,116,398.40. The trade was a 33.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total value of $100,184,500.00. Following the completion of the sale, the chief executive officer owned 556,911 shares of the company’s stock, valued at approximately $429,183,462.15. This represents a 18.93% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 159,992 shares of company stock worth $123,244,714. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PWR shares. Mizuho lifted their price objective on Quanta Services from $580.00 to $693.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. DA Davidson lifted their price objective on Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Roth Mkm lifted their price objective on Quanta Services from $600.00 to $650.00 and gave the company a “buy” rating in a research note on Monday, April 6th. The Goldman Sachs Group lifted their price objective on Quanta Services from $685.00 to $826.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Sanford C. Bernstein lifted their price objective on Quanta Services from $538.00 to $725.00 and gave the company a “market perform” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $708.05.

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.