Gerber Kawasaki Wealth & Investment Management Makes New $2.35 Million Investment in Quanta Services, Inc. $PWR

Gerber Kawasaki Wealth & Investment Management purchased a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,534 shares of the construction company’s stock, valued at approximately $2,347,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of PWR. Brighton Jones LLC purchased a new stake in Quanta Services during the fourth quarter worth about $298,000. Woodline Partners LP grew its position in shares of Quanta Services by 40.7% during the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after buying an additional 3,606 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Quanta Services during the second quarter worth about $4,632,000. Marshall Wace LLP acquired a new position in shares of Quanta Services during the second quarter worth about $996,000. Finally, StoneX Group Inc. acquired a new position in shares of Quanta Services during the second quarter worth about $204,000. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Quanta Services

In other 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 stock was sold at an average price of $770.71, for a total value of $20,032,294.32. Following the sale, the chief executive officer owned 16,508 shares of the company’s stock, valued at $12,722,880.68. This trade represents a 61.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 159,992 shares of company stock valued at $123,244,714 over the last three months. Corporate insiders own 0.60% of the company’s stock.

Quanta Services Stock Performance

Shares of PWR opened at $708.86 on Friday. The stock has a 50 day moving average price of $675.23 and a 200 day moving average price of $556.55. 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 company has a market capitalization of $106.37 billion, a price-to-earnings ratio of 97.24, a price-to-earnings-growth ratio of 2.69 and a beta of 1.20. Quanta Services, Inc. has a 52-week low of $349.06 and a 52-week high of $788.75.

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

Quanta Services announced that its board has approved a stock buyback program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to reacquire up to 0.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Quanta Services Dividend Announcement

The company 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. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 1st. Quanta Services’s dividend payout ratio is presently 6.04%.

Analyst Ratings Changes

PWR has been the subject of a number of analyst reports. Stifel Nicolaus set a $784.00 price objective on Quanta Services in a research report on Friday, May 1st. CICC Research initiated 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. B. Riley Financial reissued a “neutral” rating on shares of Quanta Services in a research report on Friday, May 1st. 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. Finally, Sanford C. Bernstein boosted their price objective on Quanta Services from $538.00 to $725.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $733.87.

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.