Quanta Services, Inc. $PWR Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in shares of Quanta Services, Inc. (NYSE:PWR) by 14.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 161,981 shares of the construction company’s stock after purchasing an additional 20,974 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Quanta Services were worth $88,931,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Diamant Asset Management Inc. lifted its stake in Quanta Services by 54,802.0% during the 1st quarter. Diamant Asset Management Inc. now owns 296,471 shares of the construction company’s stock valued at $162,769,000 after acquiring an additional 295,931 shares during the period. Caldwell Trust Co raised its holdings in shares of Quanta Services by 5.6% during the first quarter. Caldwell Trust Co now owns 13,670 shares of the construction company’s stock worth $7,505,000 after purchasing an additional 723 shares during the last quarter. Cornerstone Wealth Group LLC purchased a new position in shares of Quanta Services during the first quarter worth $232,000. Onyx Bridge Wealth Group LLC lifted its position in Quanta Services by 3.8% during the first quarter. Onyx Bridge Wealth Group LLC now owns 1,402 shares of the construction company’s stock valued at $770,000 after purchasing an additional 51 shares during the period. Finally, Union Bancaire Privee UBP SA boosted its holdings in Quanta Services by 12.4% in the first quarter. Union Bancaire Privee UBP SA now owns 116,819 shares of the construction company’s stock valued at $63,073,000 after purchasing an additional 12,843 shares during the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Earl C. Jr. Austin sold 25,992 shares of the business’s 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 completion of the sale, the chief executive officer 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of the company’s 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 transaction, the chief accounting officer 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 159,992 shares of company stock worth $123,244,714 in the last three months. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wall Street Zen upgraded Quanta Services from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. BMO Capital Markets raised their target price on Quanta Services from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Sanford C. Bernstein lifted their price target on Quanta Services from $538.00 to $725.00 and gave the company a “market perform” rating in a research report on Tuesday, May 5th. Zacks Research raised Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Friday, May 8th. Finally, CICC Research began coverage on shares of Quanta Services in a research note on Thursday, May 21st. They set an “outperform” rating and a $872.00 price objective on the stock. One investment 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’s stock. According to data from MarketBeat, Quanta Services has an average rating of “Moderate Buy” and a consensus price target of $733.87.

Quanta Services Price Performance

Shares of Quanta Services stock opened at $686.73 on Friday. The firm has a market cap of $103.05 billion, a PE ratio of 94.20, a P/E/G ratio of 2.71 and a beta of 1.20. Quanta Services, Inc. has a twelve month low of $363.01 and a twelve month high of $788.75. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average price of $702.52 and a 200 day moving average price of $574.40.

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

Quanta Services announced that its board has approved a stock buyback program 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 stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.11 per share. 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 (DPR) is 6.04%.

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.