Quanta Services, Inc. $PWR Shares Purchased by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP boosted its holdings in Quanta Services, Inc. (NYSE:PWR) by 11.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 273,528 shares of the construction company’s stock after purchasing an additional 28,022 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Quanta Services were worth $115,445,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new position in Quanta Services in the fourth quarter valued at $28,000. Darwin Wealth Management LLC acquired a new stake in shares of Quanta Services in the second quarter valued at about $26,000. Cornerstone Planning Group LLC grew its stake in shares of Quanta Services by 213.0% in the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after buying an additional 49 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in Quanta Services by 266.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 77 shares of the construction company’s stock valued at $32,000 after purchasing an additional 56 shares during the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new position in Quanta Services in the fourth quarter valued at about $34,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Up 0.4%

Shares of Quanta Services stock opened at $718.32 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57. The business’s 50 day simple moving average is $658.94 and its 200-day simple moving average is $546.71. The stock has a market capitalization of $107.79 billion, a price-to-earnings ratio of 98.53, a PEG ratio of 2.82 and a beta of 1.20. Quanta Services, Inc. has a twelve month low of $341.93 and a twelve month high of $788.75.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.64. The business had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7 billion. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The business’s quarterly revenue was up 26.3% on a year-over-year basis. 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 forecast that Quanta Services, Inc. will post 12.81 earnings per share for the current 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 given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, July 1st. Quanta Services’s dividend payout ratio (DPR) is currently 6.04%.

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

Analysts Set New Price Targets

A number of research analysts have commented on the company. TD Cowen increased their target price on Quanta Services from $570.00 to $775.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Wolfe Research increased their target price on Quanta Services from $477.00 to $576.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Argus increased their target price on Quanta Services from $540.00 to $650.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. UBS Group increased their target price on Quanta Services from $646.00 to $900.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Oppenheimer raised Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 target price on the stock in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $733.87.

Insider Buying and Selling at Quanta Services

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of Quanta Services 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 sale, the chief accounting officer owned 8,080 shares of the company’s stock, valued at $6,116,398.40. The trade was a 33.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Earl C. Jr. Austin sold 25,992 shares of Quanta Services 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 sale, the chief executive officer directly owned 16,508 shares in the company, valued at $12,722,880.68. The trade was a 61.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 159,992 shares of company stock worth $123,244,714 in the last ninety days. 0.60% of the stock is owned by company insiders.

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.