Clough Capital Partners L P Cuts Stock Holdings in Quanta Services, Inc. $PWR

Clough Capital Partners L P reduced its stake in Quanta Services, Inc. (NYSE:PWR) by 56.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,980 shares of the construction company’s stock after selling 2,529 shares during the period. Clough Capital Partners L P’s holdings in Quanta Services were worth $1,087,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC acquired a new position in shares of Quanta Services during the fourth quarter worth about $298,000. Woodline Partners LP raised its holdings in Quanta Services by 40.7% in the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock valued at $3,170,000 after acquiring an additional 3,606 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Quanta Services in the second quarter worth approximately $4,632,000. Marshall Wace LLP purchased a new position in Quanta Services in the second quarter worth approximately $996,000. Finally, StoneX Group Inc. acquired a new position in Quanta Services during the 2nd quarter worth approximately $204,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Up 0.0%

PWR stock opened at $626.03 on Monday. The stock has a market cap of $93.94 billion, a P/E ratio of 85.88, a PEG ratio of 2.46 and a beta of 1.21. 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 twelve month low of $363.01 and a twelve month high of $788.75. The company’s 50 day moving average is $689.96 and its two-hundred day moving average is $606.79.

Quanta Services (NYSE:PWR) last issued its 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. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The business had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7 billion. During the same quarter in the prior year, the business posted $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. Research analysts expect that Quanta Services, Inc. will post 12.8 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

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

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $714.00 price objective on shares of Quanta Services in a research report on Tuesday, July 21st. TD Cowen lifted their price objective on shares of Quanta Services from $570.00 to $775.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Zacks Research lowered Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Sanford C. Bernstein raised their price target 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. Finally, Mizuho set a $645.00 price target on Quanta Services in a report on Monday, July 20th. Seventeen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $745.55.

Insider Activity

In related news, CAO Paul Nobel sold 4,000 shares of the company’s stock in a transaction dated 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 directly owned 8,080 shares of the company’s stock, valued at $6,116,398.40. This represents a 33.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the firm’s 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 in the company, valued at $429,183,462.15. This represents a 18.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 159,992 shares of company stock worth $123,244,714. Corporate insiders own 0.60% of the company’s stock.

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.