Pincus Capital Management LP Buys New Holdings in Quanta Services, Inc. $PWR

Pincus Capital Management LP bought a new stake in Quanta Services, Inc. (NYSE:PWR) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 3,675 shares of the construction company’s stock, valued at approximately $1,551,000. Quanta Services comprises approximately 1.0% of Pincus Capital Management LP’s portfolio, making the stock its 23rd biggest position.

Several other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas raised its holdings in Quanta Services by 47.4% in the fourth quarter. BNP Paribas now owns 35,003 shares of the construction company’s stock valued at $14,939,000 after acquiring an additional 11,253 shares in the last quarter. a16z Perennial Management L.P. boosted its position in shares of Quanta Services by 10.6% during the 4th quarter. a16z Perennial Management L.P. now owns 637 shares of the construction company’s stock worth $269,000 after acquiring an additional 61 shares in the last quarter. New Mexico Educational Retirement Board boosted its position in shares of Quanta Services by 3.0% during the 4th quarter. New Mexico Educational Retirement Board now owns 6,932 shares of the construction company’s stock worth $2,926,000 after acquiring an additional 200 shares in the last quarter. Ellevest Inc. boosted its position in shares of Quanta Services by 12.8% during the 4th quarter. Ellevest Inc. now owns 926 shares of the construction company’s stock worth $391,000 after acquiring an additional 105 shares in the last quarter. Finally, Clear Harbor Asset Management LLC acquired a new position in shares of Quanta Services during the 4th quarter worth about $280,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PWR. Stifel Nicolaus set a $784.00 price objective on Quanta Services in a research report on Friday, May 1st. Argus upped their price objective on Quanta Services from $540.00 to $650.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Cantor Fitzgerald upped their price objective on Quanta Services from $630.00 to $901.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Truist Financial set a $851.00 price objective on Quanta Services in a research report on Friday, May 1st. Finally, CICC Research began coverage on Quanta Services in a research report on Thursday, May 21st. They set an “outperform” rating and a $872.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and an average price target of $733.87.

Insider Activity at Quanta Services

In other Quanta Services 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 transaction of $3,027,920.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the company’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 value of $20,032,294.32. Following 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 disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 159,992 shares of company stock valued at $123,244,714. 0.60% of the stock is owned by company insiders.

Quanta Services Stock Down 3.3%

Shares of NYSE PWR opened at $687.96 on Tuesday. The stock has a market cap of $103.24 billion, a PE ratio of 94.37, a price-to-earnings-growth ratio of 2.79 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, Inc. has a 52-week low of $337.48 and a 52-week high of $788.75. The business has a 50-day moving average price of $650.14 and a 200 day moving average price of $540.81.

Quanta Services (NYSE:PWR) last posted 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 firm had revenue of $7.87 billion during 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 firm’s revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the business 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 12.84 earnings per share for the current year.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s dividend payout ratio is currently 6.04%.

Quanta Services declared that its Board of Directors has initiated a share repurchase program on Friday, May 22nd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to repurchase up to 0.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

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.