Aristotle Atlantic Partners LLC Purchases 971 Shares of Quanta Services, Inc. $PWR

Aristotle Atlantic Partners LLC grew its position in shares of Quanta Services, Inc. (NYSE:PWR) by 9.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,804 shares of the construction company’s stock after buying an additional 971 shares during the period. Aristotle Atlantic Partners LLC’s holdings in Quanta Services were worth $5,932,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Boreal Capital Management LLC purchased a new stake in shares of Quanta Services during the 1st quarter valued at approximately $27,000. Cedar Mountain Advisors LLC lifted its position in shares of Quanta Services by 321.4% during the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after acquiring an additional 45 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Quanta Services in the fourth quarter worth $28,000. Darwin Wealth Management LLC bought a new position in shares of Quanta Services in the second quarter worth $26,000. Finally, MV Capital Management Inc. purchased a new position in shares of Quanta Services in the fourth quarter valued at $30,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Down 4.2%

NYSE PWR opened at $626.03 on Friday. The stock’s 50-day simple moving average is $689.96 and its two-hundred day simple moving average is $605.59. Quanta Services, Inc. has a twelve month low of $363.01 and a twelve month high of $788.75. 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 $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 issued its earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.64. The business had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7 billion. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.Quanta Services’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Research analysts forecast that Quanta Services, Inc. will post 12.8 EPS for the current fiscal year.

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

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Wednesday, July 1st were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Wednesday, July 1st. Quanta Services’s dividend payout ratio (DPR) is presently 6.04%.

Insider Buying and Selling at Quanta Services

In other news, CEO Earl C. Jr. Austin sold 25,992 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the transaction, the chief executive officer directly owned 16,508 shares of the company’s stock, valued at approximately $12,722,880.68. This trade represents a 61.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction dated 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 completion of the transaction, the chief accounting officer owned 8,080 shares in the company, valued at approximately $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 sold 159,992 shares of company stock valued at $123,244,714 over the last three months. 0.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PWR. BMO Capital Markets upped their price target on Quanta Services from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. BNP Paribas Exane assumed coverage on shares of Quanta Services in a research report on Tuesday, April 14th. They issued a “neutral” rating for the company. Weiss Ratings cut shares of Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Jefferies Financial Group decreased their target price on shares of Quanta Services from $857.00 to $784.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Finally, B. Riley Financial reiterated a “neutral” rating on shares of Quanta Services in a research note on Friday, May 1st. Seventeen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $745.55.

Quanta Services Company 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.