Monarch Capital Management Inc. Cuts Stock Position in Quanta Services, Inc. $PWR

Monarch Capital Management Inc. lessened its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 5.9% during the 1st quarter, Holdings Channel reports. The firm owned 17,418 shares of the construction company’s stock after selling 1,093 shares during the period. Quanta Services makes up about 2.3% of Monarch Capital Management Inc.’s holdings, making the stock its 13th biggest position. Monarch Capital Management Inc.’s holdings in Quanta Services were worth $9,563,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cedar Mountain Advisors LLC increased its stake in Quanta Services by 321.4% during the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after buying an additional 45 shares during the period. Darwin Wealth Management LLC purchased a new position in Quanta Services in the 2nd quarter valued at approximately $26,000. Flagship Harbor Advisors LLC purchased a new position in Quanta Services in the 4th quarter valued at approximately $28,000. MV Capital Management Inc. acquired a new position in shares of Quanta Services in the fourth quarter worth $30,000. Finally, Meeder Asset Management Inc. increased its position in shares of Quanta Services by 221.7% during the fourth quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock worth $31,000 after acquiring an additional 51 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

Quanta Services stock opened at $704.35 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 company has a fifty day simple moving average of $690.42 and a 200-day simple moving average of $565.56. The stock has a market cap of $105.70 billion, a P/E ratio of 96.62, a price-to-earnings-growth ratio of 2.76 and a beta of 1.20. Quanta Services, Inc. has a 12-month low of $358.38 and a 12-month high of $788.75.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating the consensus estimate of $2.04 by $0.64. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The firm had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7 billion. During the same quarter in the prior year, the company posted $1.78 earnings per share. Quanta Services’s revenue for the quarter was up 26.3% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Equities analysts expect that Quanta Services, Inc. will post 12.81 EPS for the current fiscal year.

Quanta Services Dividend Announcement

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

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

Analyst Upgrades and Downgrades

PWR has been the topic of several analyst reports. Oppenheimer upgraded Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price objective on the stock in a research note on Thursday, May 28th. Jefferies Financial Group upped their price target on Quanta Services from $654.00 to $857.00 and gave the stock a “buy” rating in a report on Monday, May 4th. The Goldman Sachs Group increased their price target on Quanta Services from $685.00 to $826.00 and gave the company a “buy” rating in a research report on Monday, May 4th. BNP Paribas Exane initiated coverage on Quanta Services in a research note on Tuesday, April 14th. They issued a “neutral” rating for the company. Finally, Evercore boosted their price objective on Quanta Services from $635.00 to $800.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $733.87.

Insider Transactions at Quanta Services

In related news, CAO Paul Nobel sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $756.98, for a total value of $3,027,920.00. Following the completion of the transaction, the chief accounting officer directly owned 8,080 shares of the company’s stock, valued at $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 SEC, which is available through this hyperlink. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the completion of the transaction, the chief executive officer owned 556,911 shares in the company, valued at $429,183,462.15. This represents a 18.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 159,992 shares of company stock worth $123,244,714. Company 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.