Quanta Services, Inc. $PWR Stock Position Lifted by Triglav Investments D.O.O.

Triglav Investments D.O.O. raised its stake in Quanta Services, Inc. (NYSE:PWR) by 5.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 24,249 shares of the construction company’s stock after purchasing an additional 1,238 shares during the quarter. Quanta Services makes up 0.9% of Triglav Investments D.O.O.’s holdings, making the stock its 21st largest position. Triglav Investments D.O.O.’s holdings in Quanta Services were worth $13,313,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. J. Safra Sarasin Holding AG increased its stake in shares of Quanta Services by 10.6% in the first quarter. J. Safra Sarasin Holding AG now owns 11,333 shares of the construction company’s stock worth $6,221,000 after acquiring an additional 1,087 shares during the last quarter. Procyon Advisors LLC boosted its position in Quanta Services by 4.9% during the first quarter. Procyon Advisors LLC now owns 582 shares of the construction company’s stock valued at $320,000 after purchasing an additional 27 shares during the last quarter. Diversify Wealth Management LLC purchased a new position in Quanta Services in the first quarter valued at about $389,000. Valmark Advisers Inc. purchased a new position in Quanta Services in the first quarter valued at about $402,000. Finally, Carnegie Investment Counsel increased its position in Quanta Services by 8.8% in the 1st quarter. Carnegie Investment Counsel now owns 2,085 shares of the construction company’s stock worth $1,145,000 after purchasing an additional 169 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $657.97 on Monday. The business’s 50-day simple moving average is $714.79 and its 200-day simple moving average is $592.03. 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 52 week low of $363.01 and a 52 week high of $788.75. The firm has a market cap of $98.73 billion, a price-to-earnings ratio of 90.26, a P/E/G ratio of 2.59 and a beta of 1.21.

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. 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 analyst estimates of $7 billion. During the same period in the previous year, the company earned $1.78 EPS. The company’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 research analysts expect that Quanta Services, Inc. will post 12.8 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Investors 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 dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 1st. Quanta Services’s dividend payout ratio is currently 6.04%.

Quanta Services announced that its Board of Directors has authorized a share repurchase plan on Friday, May 22nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PWR. Wall Street Zen upgraded Quanta Services from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Robert W. Baird increased their price objective on Quanta Services from $606.00 to $777.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. The Goldman Sachs Group raised their price objective on shares of Quanta Services from $685.00 to $826.00 and gave the company a “buy” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. lifted their target price on shares of Quanta Services from $627.00 to $805.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, UBS Group boosted their target price on shares of Quanta Services from $646.00 to $900.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Nineteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $751.86.

Insiders Place Their Bets

In related news, 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 value of $100,184,500.00. Following the transaction, the chief executive officer directly owned 556,911 shares in the company, valued at approximately $429,183,462.15. This trade represents a 18.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 transaction of $3,027,920.00. Following the transaction, 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. 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 quarter. 0.60% of the stock is currently owned by company insiders.

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.