Company Authorizes Stock Repurchase Program Up to $1B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
The Board of Directors, in support of management's request, has authorized a new stock repurchase program that authorizes the company to purchase, from time to time, up to $1B of its outstanding common stock. Under the company's existing stock repurchase program, which expires June 30, 2026, the company has acquired 540,788 shares of its outstanding common stock in the open market for a total cost of approximately $135M.
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Analyst Views on PWR
Wall Street analysts forecast PWR stock price to fall
17 Analyst Rating
12 Buy
5 Hold
0 Sell
Moderate Buy
Current: 716.910
Low
424.00
Averages
487.00
High
540.00
Current: 716.910
Low
424.00
Averages
487.00
High
540.00
About PWR
Quanta Services, Inc. is a provider of infrastructure solutions for the electric and gas utility, power generation, large load center, manufacturing, communications, pipeline and energy industries. It provides design, engineering, procurement, construction, upgrade, repair and maintenance services for industries, including electric power transmission and distribution networks; substation facilities; wind, solar, gas power generation, transmission and battery storage facilities; low voltage electrical, mechanical, plumbing and process infrastructure for large load centers, such as data center, advanced manufacturing, healthcare, pharmaceutical and industrial facilities; communications and cable multi-system operator networks; gas utility systems; pipeline transmission systems and facilities; and downstream industrial facilities. Its segments include Electric Infrastructure Solutions (Electric) and Underground Utility and Infrastructure Solutions (Underground and Infrastructure).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Quanta Services Declares Quarterly Dividend of $0.11 per Share
- Quarterly Dividend Announcement: Quanta Services declares a quarterly dividend of $0.11 per share, consistent with previous distributions, indicating stable cash flow and shareholder return strategies, which are likely to bolster investor confidence.
- Dividend Yield: The forward yield of 0.06% reflects a commitment to shareholder returns, albeit relatively low, potentially attracting investors seeking stable income amidst market fluctuations.
- Revenue Outlook Upgrade: Quanta projects 2026 revenue between $34.7 billion and $35.2 billion, while raising adjusted EPS guidance to $13.55 to $14.25, demonstrating confidence in future growth and strong market demand.
- Performance Exceeds Expectations: Quanta Services surpasses top-line and bottom-line estimates in its latest earnings report, raising its FY26 outlook, showcasing the company's leadership in the infrastructure sector and sustained market competitiveness.
See More
Quanta Services Announces $1 Billion Stock Buyback Authorization
- Buyback Program Initiation: Quanta Services has been authorized to repurchase up to $1 billion of its common stock, reflecting the company's confidence in its stock value and expected to enhance shareholder returns and market confidence.
- Buyback Progress: Under the existing buyback program, the company has already repurchased 540,788 shares at a total cost of approximately $135 million, indicating proactive capital management and seizing market opportunities.
- Dividend Declaration: The company declared a quarterly cash dividend of $0.11 per share, payable on July 13 to stockholders of record as of July 1, further enhancing shareholder return expectations.
- Stock Performance: In pre-market trading, PWR shares rose by 1.69% to $729, reflecting positive market reactions to the company's buyback plan and dividend policy.
See More
Quanta Services Declares Quarterly Dividend and Stock Buyback Program
- Quarterly Cash Dividend: Quanta Services has declared a cash dividend of $0.11 per share, equating to an annualized rate of $0.44, payable on July 13, 2026, which aims to enhance shareholder returns and boost market confidence.
- Stock Buyback Program: The Board has authorized a new stock repurchase program allowing for the buyback of up to $1 billion of common stock, reflecting the company's confidence in its stock value and potentially increasing earnings per share.
- Existing Buyback Progress: Under the current repurchase program, Quanta has acquired 540,788 shares at a total cost of approximately $135 million, indicating proactive capital management amid market fluctuations.
- Business Context: As an industry leader in infrastructure solutions, Quanta Services provides specialized services across the utility, power, and energy sectors, continuously investing in shareholder returns and business expansion, which underscores its competitive advantage in the market.
See More
Quanta Services Appoints Joseph Kim to Board of Directors
- New Board Member: Quanta Services announced the appointment of Joseph Kim to its Board of Directors, whose extensive experience in supply chain and logistics is expected to bring new perspectives and enhance the board's strategic planning capabilities.
- Rich Leadership Experience: Kim currently serves as CEO of Sunoco GP LLC and has held executive roles at notable companies including Pizza Hut and Valero Energy, showcasing his deep background in the energy sector.
- Strategic Planning Expertise: Chairman Doyle N. Beneby noted that Kim's addition will enhance Quanta's capabilities in capital allocation and risk management, driving further growth in the energy infrastructure sector.
- Global Business Expansion: Quanta Services operates across the U.S., Canada, Australia, and other international markets, and Kim's leadership experience will aid the company in safely and efficiently completing various infrastructure projects worldwide.
See More
Quanta Services Appoints New Board Member
- New Board Member: Quanta Services has appointed Joseph Kim to its Board of Directors, bringing extensive executive experience in supply chain and logistics, which will enhance the company's strategic planning and risk management capabilities.
- Leadership Background: Kim currently serves as CEO of Sunoco GP LLC and has held various executive roles at Pizza Hut and Valero Energy, showcasing his broad influence in the energy sector.
- Board Expectations: Doyle N. Beneby, the independent Chairman of Quanta Services, expressed anticipation for Kim to provide new perspectives to the board, enhancing the company's strategic decision-making and driving business growth.
- Industry Leadership: Quanta Services is a leader in utility and energy infrastructure solutions, and Kim's addition is expected to further solidify the company's market position and enhance its competitiveness in the global arena.
See More
Quanta Services Declares Quarterly Cash Dividend and Stock Buyback Program
- Quarterly Cash Dividend: Quanta Services has announced a cash dividend of $0.11 per share, translating to an annualized rate of $0.44, payable on July 13, 2026, which underscores the company's ongoing commitment to shareholder returns and boosts investor confidence.
- Stock Buyback Program: The Board has authorized a new stock repurchase program allowing the company to buy back up to $1 billion of its common stock, aimed at enhancing shareholder value by reducing the number of shares outstanding and potentially increasing earnings per share.
- Existing Buyback Progress: Under the current repurchase program, Quanta has acquired 540,788 shares at a total cost of approximately $135 million, indicating proactive capital management and enhancing financial flexibility in response to market conditions.
- Market Reaction Expectations: The implementation of the new buyback program will be based on market and business conditions, which may positively impact the stock price in the short term, reflecting the company's confidence in future growth and strategic planning.
See More
Quanta Services Declares Quarterly Dividend of $0.11 per Share
- Quarterly Dividend Announcement: Quanta Services declares a quarterly dividend of $0.11 per share, consistent with previous distributions, indicating stable cash flow and shareholder return strategies, which are likely to bolster investor confidence.
- Dividend Yield: The forward yield of 0.06% reflects a commitment to shareholder returns, albeit relatively low, potentially attracting investors seeking stable income amidst market fluctuations.
- Revenue Outlook Upgrade: Quanta projects 2026 revenue between $34.7 billion and $35.2 billion, while raising adjusted EPS guidance to $13.55 to $14.25, demonstrating confidence in future growth and strong market demand.
- Performance Exceeds Expectations: Quanta Services surpasses top-line and bottom-line estimates in its latest earnings report, raising its FY26 outlook, showcasing the company's leadership in the infrastructure sector and sustained market competitiveness.
See More
Quanta Services Announces $1 Billion Stock Buyback Authorization
- Buyback Program Initiation: Quanta Services has been authorized to repurchase up to $1 billion of its common stock, reflecting the company's confidence in its stock value and expected to enhance shareholder returns and market confidence.
- Buyback Progress: Under the existing buyback program, the company has already repurchased 540,788 shares at a total cost of approximately $135 million, indicating proactive capital management and seizing market opportunities.
- Dividend Declaration: The company declared a quarterly cash dividend of $0.11 per share, payable on July 13 to stockholders of record as of July 1, further enhancing shareholder return expectations.
- Stock Performance: In pre-market trading, PWR shares rose by 1.69% to $729, reflecting positive market reactions to the company's buyback plan and dividend policy.
See More
Quanta Services Declares Quarterly Dividend and Stock Buyback Program
- Quarterly Cash Dividend: Quanta Services has declared a cash dividend of $0.11 per share, equating to an annualized rate of $0.44, payable on July 13, 2026, which aims to enhance shareholder returns and boost market confidence.
- Stock Buyback Program: The Board has authorized a new stock repurchase program allowing for the buyback of up to $1 billion of common stock, reflecting the company's confidence in its stock value and potentially increasing earnings per share.
- Existing Buyback Progress: Under the current repurchase program, Quanta has acquired 540,788 shares at a total cost of approximately $135 million, indicating proactive capital management amid market fluctuations.
- Business Context: As an industry leader in infrastructure solutions, Quanta Services provides specialized services across the utility, power, and energy sectors, continuously investing in shareholder returns and business expansion, which underscores its competitive advantage in the market.
See More
Quanta Services Appoints Joseph Kim to Board of Directors
- New Board Member: Quanta Services announced the appointment of Joseph Kim to its Board of Directors, whose extensive experience in supply chain and logistics is expected to bring new perspectives and enhance the board's strategic planning capabilities.
- Rich Leadership Experience: Kim currently serves as CEO of Sunoco GP LLC and has held executive roles at notable companies including Pizza Hut and Valero Energy, showcasing his deep background in the energy sector.
- Strategic Planning Expertise: Chairman Doyle N. Beneby noted that Kim's addition will enhance Quanta's capabilities in capital allocation and risk management, driving further growth in the energy infrastructure sector.
- Global Business Expansion: Quanta Services operates across the U.S., Canada, Australia, and other international markets, and Kim's leadership experience will aid the company in safely and efficiently completing various infrastructure projects worldwide.
See More
Quanta Services Appoints New Board Member
- New Board Member: Quanta Services has appointed Joseph Kim to its Board of Directors, bringing extensive executive experience in supply chain and logistics, which will enhance the company's strategic planning and risk management capabilities.
- Leadership Background: Kim currently serves as CEO of Sunoco GP LLC and has held various executive roles at Pizza Hut and Valero Energy, showcasing his broad influence in the energy sector.
- Board Expectations: Doyle N. Beneby, the independent Chairman of Quanta Services, expressed anticipation for Kim to provide new perspectives to the board, enhancing the company's strategic decision-making and driving business growth.
- Industry Leadership: Quanta Services is a leader in utility and energy infrastructure solutions, and Kim's addition is expected to further solidify the company's market position and enhance its competitiveness in the global arena.
See More
Quanta Services Declares Quarterly Cash Dividend and Stock Buyback Program
- Quarterly Cash Dividend: Quanta Services has announced a cash dividend of $0.11 per share, translating to an annualized rate of $0.44, payable on July 13, 2026, which underscores the company's ongoing commitment to shareholder returns and boosts investor confidence.
- Stock Buyback Program: The Board has authorized a new stock repurchase program allowing the company to buy back up to $1 billion of its common stock, aimed at enhancing shareholder value by reducing the number of shares outstanding and potentially increasing earnings per share.
- Existing Buyback Progress: Under the current repurchase program, Quanta has acquired 540,788 shares at a total cost of approximately $135 million, indicating proactive capital management and enhancing financial flexibility in response to market conditions.
- Market Reaction Expectations: The implementation of the new buyback program will be based on market and business conditions, which may positively impact the stock price in the short term, reflecting the company's confidence in future growth and strategic planning.
See More
