Hilltop Holdings Inc. Makes New Investment in Quanta Services, Inc. $PWR

Hilltop Holdings Inc. purchased a new stake in shares of Quanta Services, Inc. (NYSE:PWR) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 2,650 shares of the construction company’s stock, valued at approximately $1,455,000.

Other institutional investors also recently modified their holdings of the company. GC Wealth Management RIA LLC lifted its stake in shares of Quanta Services by 4.0% in the first quarter. GC Wealth Management RIA LLC now owns 20,062 shares of the construction company’s stock worth $11,014,000 after buying an additional 766 shares during the last quarter. Compound Planning Inc. grew its stake in Quanta Services by 10.8% in the 1st quarter. Compound Planning Inc. now owns 2,607 shares of the construction company’s stock valued at $1,431,000 after buying an additional 254 shares during the last quarter. Modern Wealth Management LLC grew its stake in Quanta Services by 91.3% in the 1st quarter. Modern Wealth Management LLC now owns 1,205 shares of the construction company’s stock valued at $675,000 after buying an additional 575 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Quanta Services by 3,225.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 59,459 shares of the construction company’s stock worth $32,644,000 after acquiring an additional 57,671 shares during the period. Finally, Caxton Associates LLP acquired a new position in Quanta Services during the 1st quarter worth $1,373,000. Institutional investors own 90.49% of the company’s stock.

Analysts Set New Price Targets

PWR has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their price target on shares of Quanta Services from $857.00 to $784.00 and set a “buy” rating for the company in a report on Friday, July 10th. UBS Group lifted their price objective on Quanta Services from $646.00 to $900.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. B. Riley Financial restated a “neutral” rating on shares of Quanta Services in a research note on Friday, May 1st. Roth Capital raised their target price on Quanta Services from $600.00 to $650.00 and gave the company a “buy” rating in a report on Monday, April 6th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $714.00 price target on shares of Quanta Services in a research report on Tuesday, July 21st. Seventeen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $745.55.

Insider Buying and Selling

In other news, CAO Paul Nobel sold 4,000 shares of Quanta Services 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 sale, the chief accounting officer owned 8,080 shares of the company’s stock, valued at approximately $6,116,398.40. This trade represents a 33.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the business’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 owned 16,508 shares in the company, 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. Insiders sold a total of 159,992 shares of company stock valued at $123,244,714 in the last quarter. Corporate insiders own 0.60% of the company’s stock.

Quanta Services Stock Performance

NYSE:PWR opened at $626.03 on Friday. The firm’s 50-day moving average is $689.96 and its 200-day moving average is $605.59. Quanta Services, Inc. has a 52-week low of $363.01 and a 52-week high of $788.75. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14. The company has a market cap of $93.94 billion, a price-to-earnings ratio of 85.88, a PEG ratio of 2.46 and a beta of 1.21.

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 analysts’ consensus estimates of $2.04 by $0.64. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The business had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7 billion. During the same quarter in the prior year, the business earned $1.78 earnings per share. The firm’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. Equities research analysts anticipate that Quanta Services, Inc. will post 12.8 earnings per share for the current year.

Quanta Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st were given a $0.11 dividend. The ex-dividend date was 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 currently 6.04%.

Quanta Services declared that its Board of Directors has initiated a share repurchase plan on Friday, May 22nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to reacquire up to 0.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board 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.