Union Bancaire Privee UBP SA Purchases 12,843 Shares of Quanta Services, Inc. $PWR

Union Bancaire Privee UBP SA grew its position in shares of Quanta Services, Inc. (NYSE:PWR) by 12.4% during the first quarter, Holdings Channel reports. The fund owned 116,819 shares of the construction company’s stock after purchasing an additional 12,843 shares during the period. Quanta Services makes up about 1.1% of Union Bancaire Privee UBP SA’s holdings, making the stock its 17th biggest holding. Union Bancaire Privee UBP SA’s holdings in Quanta Services were worth $63,073,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in PWR. Cedar Mountain Advisors LLC boosted its holdings in shares of Quanta Services by 321.4% during the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after buying an additional 45 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Quanta Services in the fourth quarter worth about $28,000. Darwin Wealth Management LLC bought a new position in shares of Quanta Services during the second quarter valued at approximately $26,000. MV Capital Management Inc. bought a new stake in shares of Quanta Services in the 4th quarter worth approximately $30,000. Finally, Brown Lisle Cummings Inc. grew its stake in shares of Quanta Services by 825.0% in the 1st quarter. Brown Lisle Cummings Inc. now owns 74 shares of the construction company’s stock worth $41,000 after buying an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PWR. Zacks Research raised Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Friday, May 8th. JPMorgan Chase & Co. upped their price target on shares of Quanta Services from $627.00 to $805.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. BNP Paribas Exane started coverage on shares of Quanta Services in a research note on Tuesday, April 14th. They set a “neutral” rating for the company. Robert W. Baird upped their target price on shares of Quanta Services from $606.00 to $777.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Finally, BMO Capital Markets raised their price target on shares of Quanta Services from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $733.87.

Insider Activity at Quanta Services

In other Quanta Services news, CEO Earl C. Jr. Austin sold 25,992 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 16,508 shares of the company’s stock, valued at approximately $12,722,880.68. This represents a 61.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $6,116,398.40. This represents a 33.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over 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.

Quanta Services Trading Down 4.4%

NYSE:PWR opened at $686.73 on Friday. The business has a fifty day moving average price of $702.52 and a 200-day moving average price of $574.40. The firm has a market capitalization of $103.05 billion, a price-to-earnings ratio of 94.20, a price-to-earnings-growth ratio of 2.83 and a beta of 1.20. Quanta Services, Inc. has a one year low of $363.01 and a one year high of $788.75. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 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 return on equity of 18.64% and a net margin of 3.67%.The business’s revenue was up 26.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Sell-side analysts forecast that Quanta Services, Inc. will post 12.81 EPS for the current year.

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Wednesday, July 1st will be issued a dividend of $0.11 per share. 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 is presently 6.04%.

Quanta Services declared that its board has authorized a stock repurchase plan on Friday, May 22nd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to repurchase up to 0.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

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.