Signature Estate & Investment Advisors LLC Buys 870 Shares of Quanta Services, Inc. $PWR

Signature Estate & Investment Advisors LLC boosted its stake in Quanta Services, Inc. (NYSE:PWR) by 1.8% during the 4th quarter, HoldingsChannel reports. The fund owned 49,793 shares of the construction company’s stock after acquiring an additional 870 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Quanta Services were worth $21,016,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Commonwealth Financial Services LLC lifted its stake in Quanta Services by 18.1% in the 4th quarter. Commonwealth Financial Services LLC now owns 1,491 shares of the construction company’s stock valued at $629,000 after acquiring an additional 229 shares in the last quarter. Copia Wealth Management lifted its stake in Quanta Services by 71.1% in the 4th quarter. Copia Wealth Management now owns 231 shares of the construction company’s stock valued at $97,000 after acquiring an additional 96 shares in the last quarter. Fortis Group Advisors LLC lifted its stake in Quanta Services by 66.1% in the 4th quarter. Fortis Group Advisors LLC now owns 1,040 shares of the construction company’s stock valued at $439,000 after acquiring an additional 414 shares in the last quarter. Aspen Investment Management Inc lifted its stake in Quanta Services by 2.1% in the 4th quarter. Aspen Investment Management Inc now owns 3,593 shares of the construction company’s stock valued at $1,516,000 after acquiring an additional 75 shares in the last quarter. Finally, Leonteq Securities AG bought a new stake in Quanta Services in the 4th quarter valued at approximately $1,040,000. Institutional investors own 90.49% of the company’s stock.

Insider Transactions at Quanta Services

In related news, CEO Earl C. Jr. Austin sold 25,992 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $770.71, for a total value of $20,032,294.32. Following the sale, the chief executive officer owned 16,508 shares in the company, valued at approximately $12,722,880.68. This represents a 61.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Paul Nobel sold 4,000 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer owned 8,080 shares in the company, valued at approximately $6,116,398.40. This trade represents a 33.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 159,992 shares of company stock worth $123,244,714. 0.60% of the stock is owned by insiders.

Quanta Services Trading Up 1.0%

Shares of Quanta Services stock opened at $717.20 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average is $628.92 and its 200-day moving average is $527.29. The stock has a market cap of $107.62 billion, a P/E ratio of 98.38, a P/E/G ratio of 2.44 and a beta of 1.24. Quanta Services, Inc. has a 12-month low of $320.56 and a 12-month high of $788.75.

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 analysts’ consensus estimates of $2.04 by $0.64. The company had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. Quanta Services’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Equities research analysts predict that Quanta Services, Inc. will post 12.84 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, April 2nd. Quanta Services’s dividend payout ratio is presently 6.04%.

Analyst Ratings Changes

PWR has been the topic of several analyst reports. B. Riley Financial reissued a “neutral” rating on shares of Quanta Services in a research report on Friday, May 1st. Cantor Fitzgerald boosted their price target on shares of Quanta Services from $630.00 to $901.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Jefferies Financial Group increased their price target on Quanta Services from $654.00 to $857.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Sanford C. Bernstein increased their price target on Quanta Services from $538.00 to $725.00 and gave the company a “market perform” rating in a research report on Tuesday, May 5th. Finally, Evercore increased their price target on Quanta Services from $635.00 to $800.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. One 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 stock. Based on data from MarketBeat, Quanta Services has an average rating of “Moderate Buy” and an average target price of $715.17.

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.