Ritholtz Wealth Management Buys 1,143 Shares of Quanta Services, Inc. $PWR

Ritholtz Wealth Management boosted its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 22.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,175 shares of the construction company’s stock after purchasing an additional 1,143 shares during the quarter. Ritholtz Wealth Management’s holdings in Quanta Services were worth $3,390,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Evoke Wealth LLC bought a new stake in shares of Quanta Services during the fourth quarter valued at approximately $368,000. Sequoia Financial Advisors LLC lifted its position in Quanta Services by 3.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 130,436 shares of the construction company’s stock worth $55,052,000 after purchasing an additional 3,966 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Quanta Services by 9.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,602 shares of the construction company’s stock worth $21,357,000 after buying an additional 4,568 shares in the last quarter. Lebenthal Global Advisors LLC increased its holdings in Quanta Services by 9.8% in the 4th quarter. Lebenthal Global Advisors LLC now owns 9,277 shares of the construction company’s stock valued at $3,915,000 after buying an additional 830 shares during the period. Finally, North Dakota State Investment Board bought a new stake in Quanta Services in the 4th quarter valued at $2,131,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Quanta Services

In other Quanta Services news, CEO Earl C. Jr. Austin sold 130,000 shares of Quanta Services stock in a transaction 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 completion of the transaction, the chief executive officer owned 556,911 shares in the company, valued at approximately $429,183,462.15. The trade was a 18.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer directly owned 8,080 shares in the company, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their position. 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 three months. 0.60% of the stock is owned by company insiders.

Quanta Services Stock Down 4.4%

PWR opened at $686.73 on Friday. The firm’s 50-day simple moving average is $702.52 and its 200-day simple moving average is $574.40. 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 twelve month low of $363.01 and a twelve month high of $788.75. The firm has a market cap of $103.05 billion, a price-to-earnings ratio of 94.20, a PEG ratio of 2.83 and a beta of 1.20.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 3.67% and a return on equity of 18.64%. The firm’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period last year, the firm posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Equities research analysts anticipate that Quanta Services, Inc. will post 12.81 EPS for the current fiscal year.

Quanta Services declared that its Board of Directors has initiated a stock buyback program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 0.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 1st. Quanta Services’s payout ratio is presently 6.04%.

Analyst Ratings Changes

A number of equities analysts have recently commented on PWR shares. BNP Paribas Exane began coverage on shares of Quanta Services in a report on Tuesday, April 14th. They set a “neutral” rating for the company. JPMorgan Chase & Co. increased their price target on shares of Quanta Services from $627.00 to $805.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Zacks Research upgraded shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 8th. Oppenheimer raised Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price objective on the stock in a report on Thursday, May 28th. Finally, B. Riley Financial reiterated a “neutral” rating on shares of Quanta Services in a research note on Friday, May 1st. 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 company’s stock. According to data from MarketBeat.com, Quanta Services has an average rating of “Moderate Buy” and an average price target of $733.87.

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.