Rep. Dwight Evans Sells Off Shares of Quanta Services, Inc. (NYSE:PWR)

Representative Dwight Evans (D-Pennsylvania) recently sold shares of Quanta Services, Inc. (NYSE:PWR). In a filing disclosed on April 17th, the Representative disclosed that they had sold between $1,001 and $15,000 in Quanta Services stock on April 3rd. The trade occurred in the Representative’s “CETERA” account.

Representative Dwight Evans also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 4/3/2025.
• Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 4/3/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 4/3/2025.
• Sold $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 4/3/2025.
• Sold $1,001 – $15,000 in shares of American Tower (NYSE:AMT) on 4/3/2025.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 4/3/2025.
• Sold $1,001 – $15,000 in shares of ONEOK (NYSE:OKE) on 4/3/2025.
• Purchased $1,001 – $15,000 in shares of International Business Machines (NYSE:IBM) on 4/3/2025.
• Sold $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 4/3/2025.
• Sold $1,001 – $15,000 in shares of Kinder Morgan (NYSE:KMI) on 4/3/2025.

Quanta Services Stock Performance

Shares of PWR stock opened at $267.47 on Friday. The stock has a market cap of $39.64 billion, a PE ratio of 44.36, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04. The stock has a 50-day moving average of $263.56 and a 200-day moving average of $301.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $365.88.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.12. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.61 billion. As a group, sell-side analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date was Thursday, April 3rd. Quanta Services’s dividend payout ratio (DPR) is currently 6.63%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PWR. Diamant Asset Management Inc. acquired a new position in Quanta Services during the third quarter worth $206,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Quanta Services during the 3rd quarter worth about $1,058,000. Tidal Investments LLC raised its holdings in shares of Quanta Services by 10.5% in the 3rd quarter. Tidal Investments LLC now owns 18,779 shares of the construction company’s stock valued at $5,597,000 after purchasing an additional 1,781 shares during the period. Synovus Financial Corp lifted its stake in Quanta Services by 34.0% in the 3rd quarter. Synovus Financial Corp now owns 7,206 shares of the construction company’s stock valued at $2,148,000 after purchasing an additional 1,830 shares during the last quarter. Finally, Old North State Trust LLC grew its holdings in Quanta Services by 7.3% during the third quarter. Old North State Trust LLC now owns 1,459 shares of the construction company’s stock worth $435,000 after purchasing an additional 99 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PWR shares. Guggenheim started coverage on Quanta Services in a research note on Wednesday, January 8th. They issued a “neutral” rating for the company. Roth Capital raised Quanta Services to a “strong-buy” rating in a research note on Thursday, February 20th. B. Riley restated a “neutral” rating and set a $300.00 target price (down from $343.00) on shares of Quanta Services in a report on Wednesday, March 19th. Daiwa Capital Markets cut shares of Quanta Services from an “outperform” rating to a “neutral” rating in a report on Monday, February 24th. Finally, Piper Sandler assumed coverage on shares of Quanta Services in a report on Tuesday, April 8th. They set an “overweight” rating and a $286.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $319.25.

About Representative Evans

Dwight Evans (Democratic Party) is a member of the U.S. House, representing Pennsylvania’s 3rd Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027.

Evans (Democratic Party) is running for re-election to the U.S. House to represent Pennsylvania’s 3rd Congressional District. He declared candidacy for the 2026 election.

Evans earned his A.A. from the Community College of Philadelphia in 1973 and his bachelor’s degree from La Salle College in 1975. He then attended Graduate Work at Temple University from 1975 to 1976. His professional experience includes working as an employment counselor/job developer for the Urban League of Philadelphia and as a teacher in the Philadelphia Public School System.

Quanta Services Company Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company’s Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.