Quanta Services, Inc. $PWR Shares Sold by Meitav Investment House Ltd.

Meitav Investment House Ltd. lowered its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 94.5% during the first quarter, HoldingsChannel.com reports. The firm owned 4,238 shares of the construction company’s stock after selling 73,500 shares during the period. Meitav Investment House Ltd.’s holdings in Quanta Services were worth $2,327,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Evoke Wealth LLC purchased a new position in shares of Quanta Services in the fourth quarter valued at approximately $368,000. Sequoia Financial Advisors LLC increased its position in shares of Quanta Services by 3.1% during 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of 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 purchasing an additional 4,568 shares in the last quarter. Lebenthal Global Advisors LLC raised its stake 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 purchasing an additional 830 shares during the last quarter. Finally, North Dakota State Investment Board purchased a new position in Quanta Services in the 4th quarter valued at $2,131,000. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Trading Down 4.0%

NYSE:PWR traded down $27.25 on Tuesday, reaching $646.79. The company’s stock had a trading volume of 413,213 shares, compared to its average volume of 1,181,835. Quanta Services, Inc. has a 12-month low of $363.01 and a 12-month high of $788.75. The stock has a 50 day moving average price of $712.30 and a 200 day moving average price of $585.33. The firm has a market cap of $97.06 billion, a price-to-earnings ratio of 88.74, a price-to-earnings-growth ratio of 2.63 and a beta of 1.21. 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 released its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.64. The business had revenue of $7.87 billion for 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 business’s revenue was up 26.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, equities analysts anticipate that Quanta Services, Inc. will post 12.81 EPS for the current fiscal year.

Quanta Services announced that its board has authorized a stock buyback plan on Friday, May 22nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Quanta Services Announces Dividend

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

Insiders Place Their Bets

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 shares were sold at an average price of $756.98, for a total transaction of $3,027,920.00. Following the completion of the transaction, the chief accounting officer owned 8,080 shares in the company, valued at $6,116,398.40. The trade was a 33.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total value of $20,032,294.32. Following the completion of the transaction, the chief executive officer directly owned 16,508 shares in the company, valued at $12,722,880.68. This trade represents a 61.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 159,992 shares of company stock worth $123,244,714 in the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

PWR has been the topic of several research reports. TD Cowen raised their price target on shares of Quanta Services from $570.00 to $775.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Roth Capital upped their price objective on shares of Quanta Services from $600.00 to $650.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 20th. Zacks Research upgraded Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. upped their price target on Quanta Services from $627.00 to $805.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Quanta Services presently has an average rating of “Moderate Buy” and a consensus target price of $755.18.

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.