Quanta Services, Inc. $PWR Shares Sold by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC trimmed its holdings in Quanta Services, Inc. (NYSE:PWR) by 31.5% in the 1st quarter, HoldingsChannel reports. The fund owned 19,170 shares of the construction company’s stock after selling 8,817 shares during the quarter. Quanta Services makes up approximately 1.5% of Sierra Summit Advisors LLC’s holdings, making the stock its 24th biggest holding. Sierra Summit Advisors LLC’s holdings in Quanta Services were worth $10,525,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cedar Mountain Advisors LLC lifted its stake in shares of Quanta Services by 321.4% in the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after purchasing an additional 45 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Quanta Services during the 2nd quarter worth about $26,000. Flagship Harbor Advisors LLC purchased a new stake in Quanta Services in the 4th quarter valued at about $28,000. MV Capital Management Inc. purchased a new stake in Quanta Services in the 4th quarter valued at about $30,000. Finally, Meeder Asset Management Inc. lifted its position in Quanta Services by 221.7% in the fourth quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock valued at $31,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

More Quanta Services News

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Truist Financial raised its price target on Quanta Services from $851 to $940 and reiterated a buy rating, implying meaningful upside from current levels. Benzinga / The Fly report
• Positive Sentiment: Analysts continue to highlight Quanta as a strong growth name, supported by its exposure to grid modernization, power demand, and large infrastructure spending. Zacks article
• Positive Sentiment: The company’s recent fundamentals remain strong, with first-quarter revenue and EPS beating expectations and backlog reaching a record level, reinforcing the longer-term bullish case. Quiver Quantitative analysis
• Neutral Sentiment: Quanta was also mentioned in broader renewable energy stock roundups, which suggests continued investor interest in the sector but no specific new company catalyst. Renewable Energy Stocks To Follow Today – July 1st
• Negative Sentiment: One market note tied the recent decline to valuation concerns and a lack of new catalysts, while insider and some institutional selling may be adding to near-term caution. Quiver Quantitative analysis

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PWR. Roth Mkm lifted their price target on shares of Quanta Services from $600.00 to $650.00 and gave the company a “buy” rating in a research report on Monday, April 6th. BNP Paribas Exane began coverage on shares of Quanta Services in a report on Tuesday, April 14th. They issued a “neutral” rating on the stock. Mizuho lifted their target price on shares of Quanta Services from $580.00 to $693.00 and gave the company a “neutral” rating in a report on Friday, May 1st. CICC Research began coverage on Quanta Services in a research report on Thursday, May 21st. They issued an “outperform” rating and a $872.00 target price on the stock. Finally, Truist Financial upped their price target on Quanta Services from $851.00 to $940.00 and gave the stock a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and an average price target of $755.18.

Insider Activity at Quanta Services

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the stock in a transaction that occurred 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 directly owned 8,080 shares of the company’s stock, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the completion of the sale, the chief executive officer owned 556,911 shares in the company, valued at $429,183,462.15. The trade was a 18.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 159,992 shares of company stock valued at $123,244,714 in the last quarter. 0.60% of the stock is currently owned by company insiders.

Quanta Services Stock Down 3.4%

Shares of NYSE PWR opened at $667.73 on Friday. The stock has a market cap of $100.20 billion, a P/E ratio of 91.60, a PEG ratio of 2.72 and a beta of 1.21. The business’s fifty day simple moving average is $710.43 and its 200-day simple moving average is $582.03. Quanta Services, Inc. has a 12-month low of $363.01 and a 12-month high of $788.75. 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 (NYSE:PWR) last released 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 firm had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7 billion. During the same period in the previous year, the firm posted $1.78 EPS. Quanta Services’s revenue for the quarter was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, equities analysts predict that Quanta Services, Inc. will post 12.81 EPS for the current fiscal year.

Quanta Services Announces Dividend

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

Quanta Services declared that its board has initiated a stock buyback program on Friday, May 22nd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to purchase up to 0.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Quanta Services Company 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.