Quanta Services, Inc. $PWR Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC lowered its stake in Quanta Services, Inc. (NYSE:PWR) by 38.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,005 shares of the construction company’s stock after selling 23,498 shares during the period. Trillium Asset Management LLC’s holdings in Quanta Services were worth $16,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Wealthspire Advisors LLC raised its position in Quanta Services by 60.8% in the 4th quarter. Wealthspire Advisors LLC now owns 3,170 shares of the construction company’s stock valued at $1,338,000 after purchasing an additional 1,199 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management acquired a new stake in Quanta Services in the 4th quarter valued at about $2,347,000. United Capital Management of KS Inc. acquired a new stake in Quanta Services in the 4th quarter valued at about $211,000. Quadrant Capital Group LLC raised its position in Quanta Services by 0.5% in the 4th quarter. Quadrant Capital Group LLC now owns 4,803 shares of the construction company’s stock valued at $2,027,000 after purchasing an additional 26 shares in the last quarter. Finally, Gould Capital LLC raised its position in Quanta Services by 3.2% in the 4th quarter. Gould Capital LLC now owns 3,897 shares of the construction company’s stock valued at $1,645,000 after purchasing an additional 122 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PWR shares. BNP Paribas Exane initiated coverage on Quanta Services in a research report on Tuesday, April 14th. They issued a “neutral” rating on the stock. Mizuho increased their price objective on Quanta Services from $580.00 to $693.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Bank of America increased their price objective on Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a report on Friday, February 20th. Wall Street Zen upgraded Quanta Services from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, The Goldman Sachs Group increased their price objective on Quanta Services from $685.00 to $826.00 and gave the company a “buy” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Quanta Services presently has an average rating of “Moderate Buy” and an average price target of $733.87.

Quanta Services Trading Up 3.7%

Shares of Quanta Services stock opened at $708.86 on Friday. The company has a fifty day simple moving average of $675.23 and a 200-day simple moving average of $556.55. Quanta Services, Inc. has a 12-month low of $349.06 and a 12-month high of $788.75. 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 stock has a market cap of $106.37 billion, a price-to-earnings ratio of 97.24, a PEG ratio of 2.69 and a beta of 1.20.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 3.67% and a return on equity of 18.64%. The company’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, equities analysts forecast that Quanta Services, Inc. will post 12.81 EPS for the current fiscal 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 paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, July 1st. Quanta Services’s dividend payout ratio (DPR) is currently 6.04%.

Quanta Services declared that its board has initiated a share repurchase program on Friday, May 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to buy up to 0.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, CEO Earl C. Jr. Austin sold 130,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the transaction, the chief executive officer owned 556,911 shares in the company, valued at $429,183,462.15. This trade represents a 18.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Paul Nobel sold 4,000 shares of the firm’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 transaction, the chief accounting officer owned 8,080 shares in the company, valued at $6,116,398.40. This represents a 33.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 159,992 shares of company stock worth $123,244,714 in the last 90 days. 0.60% of the stock is currently owned by company insiders.

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.