Y Intercept Hong Kong Ltd Takes $3.17 Million Position in Quanta Services, Inc. $PWR

Y Intercept Hong Kong Ltd bought a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,767 shares of the construction company’s stock, valued at approximately $3,166,000.

A number of other large investors have also modified their holdings of the stock. Lewis Asset Management LLC boosted its holdings in Quanta Services by 2.5% in the first quarter. Lewis Asset Management LLC now owns 692 shares of the construction company’s stock valued at $380,000 after purchasing an additional 17 shares during the period. Arete Wealth Advisors LLC raised its position in Quanta Services by 2.2% in the 4th quarter. Arete Wealth Advisors LLC now owns 917 shares of the construction company’s stock valued at $387,000 after purchasing an additional 20 shares in the last quarter. Quantum Portfolio Management LLC boosted its stake in shares of Quanta Services by 2.2% in the 4th quarter. Quantum Portfolio Management LLC now owns 946 shares of the construction company’s stock valued at $399,000 after buying an additional 20 shares during the period. Icon Wealth Advisors LLC grew its position in shares of Quanta Services by 1.2% during the fourth quarter. Icon Wealth Advisors LLC now owns 1,733 shares of the construction company’s stock worth $731,000 after buying an additional 21 shares in the last quarter. Finally, Sunburst Financial Group LLC increased its stake in shares of Quanta Services by 2.0% during the fourth quarter. Sunburst Financial Group LLC now owns 1,147 shares of the construction company’s stock worth $484,000 after buying an additional 22 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Oppenheimer upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price target for the company in a research note on Thursday, May 28th. Cantor Fitzgerald increased their target price on Quanta Services from $630.00 to $901.00 and gave the company an “overweight” rating in a report on Monday, May 11th. TD Cowen lifted their price target on Quanta Services from $570.00 to $775.00 and gave the stock a “buy” rating in a report on Monday, May 4th. UBS Group upped their price objective on Quanta Services from $646.00 to $900.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Truist Financial raised their target price on Quanta Services from $851.00 to $940.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $755.18.

Quanta Services Stock Performance

NYSE PWR traded down $26.64 during trading on Tuesday, reaching $647.40. 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 twelve month low of $363.01 and a twelve month high of $788.75. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14. The business’s fifty day moving average price is $712.30 and its 200-day moving average price is $585.33. The firm has a market cap of $97.15 billion, a price-to-earnings ratio of 88.74, a P/E/G ratio of 2.63 and a beta of 1.21.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data 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. 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 company’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, analysts anticipate that Quanta Services, Inc. will post 12.81 EPS for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Wednesday, July 1st will be 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 is Wednesday, July 1st. Quanta Services’s payout ratio is presently 6.04%.

Quanta Services announced that its Board of Directors has approved a share repurchase program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 0.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Quanta Services

In other news, CAO Paul Nobel sold 4,000 shares of the company’s 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 556,911 shares in the company, valued at approximately $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. Over the last quarter, 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.