Paragon Private Wealth Management LLC Raises Stake in Quanta Services, Inc. $PWR

Paragon Private Wealth Management LLC grew its stake in Quanta Services, Inc. (NYSE:PWR) by 22.0% in the fourth quarter, Holdings Channel reports. The fund owned 4,570 shares of the construction company’s stock after purchasing an additional 823 shares during the period. Paragon Private Wealth Management LLC’s holdings in Quanta Services were worth $1,929,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Cedar Mountain Advisors LLC increased its position in Quanta Services by 321.4% during the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after purchasing an additional 45 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of Quanta Services in the 2nd quarter valued at approximately $26,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Quanta Services in the 4th quarter valued at approximately $28,000. Creative Financial Designs Inc. ADV increased its holdings in shares of Quanta Services by 266.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 77 shares of the construction company’s stock worth $32,000 after buying an additional 56 shares during the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of Quanta Services during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on PWR shares. JPMorgan Chase & Co. increased their price objective on Quanta Services from $627.00 to $805.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. BNP Paribas Exane started coverage on Quanta Services in a research report on Tuesday, April 14th. They issued a “neutral” rating on the stock. Bank of America increased their price target on Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Citigroup raised their price objective on Quanta Services from $640.00 to $733.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, Argus boosted their price objective on shares of Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and an average price target of $733.87.

Quanta Services Stock Down 0.3%

NYSE:PWR opened at $691.41 on Wednesday. Quanta Services, Inc. has a 52 week low of $341.93 and a 52 week high of $788.75. The stock’s fifty day moving average is $667.21 and its two-hundred day moving average is $552.14. The stock has a market capitalization of $103.75 billion, a price-to-earnings ratio of 94.84, a price-to-earnings-growth ratio of 2.73 and a beta of 1.20. 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 issued its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.64. The business had revenue of $7.87 billion during 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 company’s revenue was up 26.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Research analysts anticipate that Quanta Services, Inc. will post 12.81 EPS for the current year.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Shareholders 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 of this dividend is Wednesday, July 1st. Quanta Services’s payout ratio is currently 6.04%.

Quanta Services announced that its board has authorized a share repurchase program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Quanta Services

In other news, CAO Paul Nobel sold 4,000 shares of the stock in a transaction dated 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 sale, the chief accounting officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the completion of the transaction, the chief executive officer directly owned 16,508 shares of the company’s stock, valued at approximately $12,722,880.68. The trade was a 61.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,992 shares of company stock worth $123,244,714 over the last quarter. Insiders own 0.60% of the company’s stock.

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.