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  • First Hawaiian Bank Sells 3,522 Shares of Quanta Services, Inc. (NYSE:PWR)

    First Hawaiian Bank Sells 3,522 Shares of Quanta Services, Inc. (NYSE:PWR)

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    First Hawaiian Bank lessened its stake in Quanta Services, Inc. (NYSE:PWR – Free Report) by 21.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,538 shares of the construction company’s stock after selling 3,522 shares during the period. First Hawaiian Bank’s holdings in Quanta Services were worth $2,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

    Other large investors have also added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC raised its stake in shares of Quanta Services by 2.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 16,592 shares of the construction company’s stock worth $2,364,000 after acquiring an additional 374 shares in the last quarter. Bremer Bank National Association grew its stake in Quanta Services by 85.8% during the 4th quarter. Bremer Bank National Association now owns 19,564 shares of the construction company’s stock worth $2,787,000 after buying an additional 9,037 shares during the last quarter. Alpha Cubed Investments LLC raised its stake in Quanta Services by 10.3% in the fourth quarter. Alpha Cubed Investments LLC now owns 113,980 shares of the construction company’s stock valued at $16,242,000 after buying an additional 10,663 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Quanta Services by 26.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 43,584 shares of the construction company’s stock worth $6,210,000 after acquiring an additional 9,049 shares in the last quarter. Finally, Impax Asset Management Group plc increased its holdings in shares of Quanta Services by 5.3% during the fourth quarter. Impax Asset Management Group plc now owns 6,561 shares of the construction company’s stock valued at $935,000 after acquiring an additional 331 shares in the last quarter. 88.80% of the stock is currently owned by institutional investors.

    Insiders Place Their Bets

    In other news, VP Dorothy Upperman sold 4,074 shares of the business’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $183.87, for a total transaction of $749,086.38. Following the completion of the sale, the vice president now owns 13,078 shares of the company’s stock, valued at $2,404,651.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Derrick A. Jensen sold 100,000 shares of the company’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $169.36, for a total transaction of $16,936,000.00. Following the completion of the sale, the executive vice president now owns 282,225 shares of the company’s stock, valued at $47,797,626. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Dorothy Upperman sold 4,074 shares of the stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $183.87, for a total transaction of $749,086.38. Following the completion of the sale, the vice president now owns 13,078 shares of the company’s stock, valued at $2,404,651.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 247,074 shares of company stock worth $42,242,506. Company insiders own 1.20% of the company’s stock.

    Analyst Ratings Changes

    A number of brokerages have issued reports on PWR. The Goldman Sachs Group upped their price target on shares of Quanta Services from $150.00 to $171.00 and gave the company a “neutral” rating in a research note on Monday, April 17th. Northland Securities boosted their price target on Quanta Services from $171.00 to $190.00 in a research note on Thursday, May 18th. StockNews.com started coverage on Quanta Services in a research note on Thursday, May 18th. They issued a “hold” rating for the company. DA Davidson upped their target price on Quanta Services from $160.00 to $170.00 in a research report on Tuesday, May 9th. Finally, KeyCorp raised their price target on shares of Quanta Services from $174.00 to $190.00 in a research report on Monday, April 24th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $177.91.

    Quanta Services Stock Down 0.5 %

    PWR opened at $193.71 on Thursday. The company has a fifty day moving average of $176.47 and a two-hundred day moving average of $161.57. The stock has a market capitalization of $28.12 billion, a price-to-earnings ratio of 57.14 and a beta of 1.07. Quanta Services, Inc. has a fifty-two week low of $117.53 and a fifty-two week high of $195.14. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.58 and a current ratio of 1.63.

    Quanta Services (NYSE:PWR – Free Report) last released its quarterly earnings results on Thursday, May 4th. The construction company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.15. Quanta Services had a return on equity of 15.72% and a net margin of 2.86%. The company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.08 billion. On average, research analysts expect that Quanta Services, Inc. will post 6.42 earnings per share for the current year.

    Quanta Services Dividend Announcement

    The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Monday, July 3rd will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.17%. The ex-dividend date is Friday, June 30th. Quanta Services’s payout ratio is presently 9.44%.

    About Quanta Services

    (Free Report)

    Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries worldwide. 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.

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    Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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  • Russia asks IAEA to ensure Zaporizhzhia nuclear plant security

    Russia asks IAEA to ensure Zaporizhzhia nuclear plant security

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    June 23 (Reuters) – Russia urged the International Atomic Energy Agency on Friday to ensure Ukraine does not shell the Zaporizhzhia nuclear power plant, saying it was otherwise operating safely.

    Alexei Likhachev, chief executive of the Russian state nuclear energy firm Rosatom, made the comments at a meeting with IAEA chief Rafael Grossi in the Russian city of Kaliningrad, Rosatom said in a statement, after Grossi visited the plant last week.

    “We expect concrete steps from the IAEA aimed at preventing strikes by the Armed Forces of Ukraine, both on the Zaporizhzhia nuclear power plant and on adjacent territory and critical infrastructure facilities,” Rosatom quoted its chief as saying in a statement.

    The IAEA said this week that the power plant was “grappling with … water-related challenges” after the destruction of the Kakhovka dam emptied the vast reservoir on whose southern bank the plant sits.

    It also said the military situation in the area had become increasingly tense as Kyiv began a counteroffensive against the Russian forces that have seized control of swathes of eastern and southern Ukraine.

    Moscow and Kyiv have regularly accused each other of shelling Europe’s largest nuclear power station, with its six offline reactors. International efforts to establish a demilitarised zone around it have so far failed.

    Ukraine this week accused Russia of planning a “terrorist” attack at the plant involving the release of radiation, while Moscow on Friday detained five people who it said were planning to smuggle radioactive caesium-137 at the request of a Ukrainian buyer in order to stage a nuclear incident.

    Reporting by Reuters; Editing by Kevin Liffey

    Our Standards: The Thomson Reuters Trust Principles.

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  • Iran makes sweeping pledge of cooperation to IAEA before board meeting

    Iran makes sweeping pledge of cooperation to IAEA before board meeting

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    VIENNA, March 4 (Reuters) – Iran has given sweeping assurances to the U.N. nuclear watchdog that it will finally assist a long-stalled investigation into uranium particles found at undeclared sites and even re-install removed monitoring equipment, the watchdog said on Saturday.

    The International Atomic Energy Agency and Iran issued a joint statement on IAEA chief Rafael Grossi’s return from a trip to Tehran just two days before a quarterly meeting of the agency’s 35-nation Board of Governors.

    The statement went into little detail but the possibility of a marked improvement in relations between the two is likely to stave off a Western push for another resolution ordering Iran to cooperate, diplomats said. Iran has, however, made similar promises before that have yielded little or nothing.

    “Iran expressed its readiness to … provide further information and access to address the outstanding safeguards issues,” the joint statement said. A confidential IAEA report to member states seen by Reuters said Grossi “looks forward to … prompt and full implementation of the Joint Statement”.

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    Iran is supposed to provide access to information, locations and people, Grossi told a news conference at Vienna airport soon after landing, suggesting a vast improvement after years of Iranian stonewalling.

    [1/2] Iranian President Ebrahim Raisi meets with International Atomic Energy Agency (IAEA) Director General Rafael Grossi in Tehran, Iran, March 4, 2023. Iran’s President Website/WANA (West Asia News Agency)/Handout via REUTERS.

    Iran would also allow the re-installation of extra monitoring equipment that had been put in place under the 2015 nuclear deal, but then removed last year as the deal unravelled in the wake of the U.S. withdrawal from the deal in 2018 under then-President Donald Trump.

    Iran’s Atomic Energy Organization spokesperson Behrouz Kamalvandi, however, said Tehran had not agreed to give access to people.

    “During the two days that Mr. Grossi was in Iran, the issue of access to individuals was never raised,” Kamalvandi told state news agency IRNA, adding there also has been no deal regarding putting new cameras in Iran’s nuclear facilities.

    Follow-up talks in Iran between IAEA and Iranian officials aimed at hammering out the details would happen “very, very soon”, Grossi said.

    Asked if all that monitoring equipment would be re-installed, Grossi replied “Yes”. When asked where it would be re-installed, however, he said only that it would be at a number of locations.

    Reporting by Francois Murphy; Editing by Louise Heavens and David Holmes

    Our Standards: The Thomson Reuters Trust Principles.

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  • PWR Stock Price | Quanta Services Inc. Stock Quote (U.S.: NYSE) | MarketWatch

    PWR Stock Price | Quanta Services Inc. Stock Quote (U.S.: NYSE) | MarketWatch

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    Quanta Services Inc.

    Quanta Services, Inc. is engaged in the provision of specialty contracting services, offering infrastructure solutions to the electric power, oil and gas, and communication industries. It is operated through the following segments: Electric Power Infrastructure Services, and Underground Utility & Infrastructure Solutions. The Electric Power Infrastructure Services segment provides network solutions to customers in the electric power industry. The Underground Utility & Infrastructure Solutions segment offers comprehensive infrastructure solutions to customers involved in the development, transportation, distribution, storage and processing of natural gas, oil and other products. The company was founded by Kevin D. Miller, Steven P. Colmar, William G. Parkhouse and John R. Colson on August 19, 1997, and is headquartered in Houston, TX.

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  • Russia unleashes missiles across Ukraine, drones hit bases deep inside Russian territory

    Russia unleashes missiles across Ukraine, drones hit bases deep inside Russian territory

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    • Air alerts sound across Ukraine, south and north hit, 4 dead
    • Russia striking Ukraine’s infrastructure since October
    • Moscow: Ukrainian drones attack air bases in Russia, 3 dead
    • Price cap of $60 for Russian oil comes into force

    KYIV, Dec 5 (Reuters) – Ukraine said Russia destroyed homes in the southeast and knocked out power in many areas with a new volley of missiles on Monday, while Moscow said Ukrainian drones had attacked two air bases deep inside Russia hundreds of miles from front lines.

    A new missile barrage had been anticipated in Ukraine for days and it took place just as emergency blackouts were due to end, with previous damage repaired. The strikes plunged parts of Ukraine back into freezing darkness with temperatures now firmly below zero Celsius (32 Fahrenheit).

    At least four people were killed in the Russian missile attacks, Ukrainian President Volodymyr Zelenskiy said, adding that most of some 70 missiles were shot down. Energy workers had already begun work on restoring power supplies, he said.

    Russia’s defence ministry said Ukrainian drones attacked two air bases at Ryazan and Saratov in south-central Russia, killing three servicemen and wounding four, with two aircraft damaged by pieces of the drones when they were shot down.

    Ukraine did not directly claim responsibility for the attacks. If it was behind them, they would be the deepest strikes inside the Russian heartland since Moscow invaded Ukraine on Feb. 24.

    One of the targets, the Engels air base near the city of Saratov, around 730 km (450 miles) southeast of Moscow, houses bomber planes belonging to Russia’s strategic nuclear forces.

    “The Kyiv regime, in order to disable Russian long-range aircraft, made attempts to strike with Soviet-made unmanned jet aerial vehicles at the military airfields Dyagilevo, in the Ryazan region, and Engels, in the Saratov region,” the Russian defence ministry said.

    It said the drones, flying at low altitude, were intercepted by air defences and shot down. The deaths were reported on the Ryazan base, 185 km (115 miles) southeast of Moscow.

    The Russian defence ministry called the drone strikes a terrorist act aimed at disrupting its long-range aviation.

    Despite that, it said, Russia responded with a “massive strike on the military control system and related objects of the defences complex, communication centres, energy and military units of Ukraine with high-precision air- and sea-based weapons” in which it said all 17 designated targets were hit.

    Ukraine’s air force said it downed over 60 of more than 70 missiles fired by Russia on Monday – the latest in weeks of attacks targeting its critical infrastructure that have cut off power, heat and water to many parts of the country.

    “Our guys are awesome,” Andriy Yermak, head of the Ukrainian presidential staff, wrote on Telegram.

    Kyiv’s forces have also demonstrated an increasing ability to hit strategic Russian targets far beyond the 1,100 km-long frontline in south and eastern Ukraine.

    Saratov is at least 600 km from the nearest Ukrainian territory. Russian commentators said on social media that if Ukraine could strike that far inside Russia, it might also be capable of hitting Moscow.

    Previous mysterious blasts damaged arms stores and fuel depots in regions near Ukraine and knocked out at least seven warplanes in Crimea, the Black Sea peninsula annexed by Russia from Ukraine in 2014.

    [1/15] People take shelter inside the metro station amid Russian missile attacks in Kyiv, Ukraine, December 5, 2022. REUTERS/Shannon Stapleton

    President Vladimir Putin drove a Mercedes across the bridge linking southern Russia to Crimea on Monday, less than two months since that, too, was hit by an explosion.

    Kyiv has not claimed responsibility for any of the blasts, saying only that they were “karma” for Russia’s invasion.

    “If something is launched into other countries’ air space, sooner or later unknown flying objects will return to (their) departure point,” Ukrainian presidential adviser Mykhailo Podolyak tweeted, tongue in cheek, on Monday.

    MISSILE FRAGMENTS HIT MOLDOVA

    Moscow has been hitting Ukraine’s energy infrastructure roughly weekly since early October as it has been forced to retreat on some battlefronts.

    This time, police in Moldova were reported to have found missile fragments on its soil near the border with Ukraine.

    In the Zaporizhzhia region, at least two people were killed and several houses destroyed, the deputy head of the presidential office, Kyrylo Tymoshenko, said.

    Missiles also hit energy facilities in the regions of Kyiv and Vinnytsia in central Ukraine, Odesa in the south and Sumy in the north, officials said.

    Forty percent of the Kyiv region had no electricity, regional governor Oleksiy Kuleba said, praising the work of Ukrainian air defences.

    Ukraine had only just returned to scheduled power outages from Monday rather than the emergency blackouts it has suffered since widespread Russian strikes on Nov. 23, the worst of the attacks on energy infrastructure that began in early October.

    Russia has said the barrages are designed to degrade Ukraine’s military. Ukraine says they are clearly aimed at civilians and thus constitute a war crime.

    WESTERN PRICE CAP ON RUSSIAN OIL

    A $60 per barrel price cap on Russian seaborne crude oil took effect on Monday, the latest Western measure to punish Moscow over its invasion. Russia is the world’s second-largest oil exporter.

    The agreement allows Russian oil to be shipped to third-party countries using tankers from G7 and European Union member states, insurance companies and credit institutions, only if the cargo is bought at or below the $60 per barrel cap.

    Moscow has said it will not abide by the measure even if it has to cut production. Ukraine wants the cap set lower: Zelenskiy said $60 was too high to deter Russia’s assault.

    A Russian oil blend was selling for around $79 a barrel in Asian markets on Monday – almost a third higher than the price cap, according to Refinitiv data and estimates from industry sources.

    Reporting by Nick Starkov and Reuters bureaus; Writing by Philippa Fletcher and Mark Heinrich; Editing by Peter Graff and Angus MacSwan

    Our Standards: The Thomson Reuters Trust Principles.

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  • Biden vows to ‘free Iran’ in West Coast campaign speech

    Biden vows to ‘free Iran’ in West Coast campaign speech

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    OCEANSIDE, Calif., Nov 3 (Reuters) – U.S. President Joe Biden on Thursday vowed to “free” Iran, and said that demonstrators working against the country’s government would soon succeed in freeing themselves.

    “Don’t worry, we’re gonna free Iran. They’re gonna free themselves pretty soon,” Biden said during a wide-ranging campaign speech in California, as dozens of demonstrators gathered outside holding banners supporting Iranian protesters.

    Biden did not expand on his remarks or specify what additional actions he would take during the remarks at MiraCosta College near San Diego.

    The White House’s National Security Council did not immediately respond to a request for comment.

    U.S. President Joe Biden speaks during a campaign fundraising event for U.S. Rep. Mike Levin (D-CA) in San Diego, California, U.S., November 3, 2022. REUTERS/Kevin Lamarque

    Seven weeks of demonstrations in Iran were ignited by the death of a 22-year-old woman, Mahsa Amini, in the custody of Iran’s morality police.

    The protests triggered by Amini’s death on Sept. 16 have shown the defiance of many young Iranians in challenging the clerical leadership, overcoming fear that has stifled dissent in the wake of the 1979 Islamic Revolution. read more

    The United States on Wednesday said it will try to remove Iran from the 45-member U.N. Commission on the Status of Women (CSW) over the government’s denial of women’s rights and brutal crackdown on protests. read more

    Iran is just starting a four-year term on the commission, which meets annually every March and aims to promote gender equality and the empowerment of women.

    Reporting by Trevor Hunnicutt, writing by Andrea Shalal; Editing by Stephen Coates

    Our Standards: The Thomson Reuters Trust Principles.

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  • Canadians clean up after Fiona sweeps homes out to sea; one dead

    Canadians clean up after Fiona sweeps homes out to sea; one dead

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    PORT AUX BASQUES, Newfoundland, Sept 25 (Reuters) – It will take several months for Canada to restore critical infrastructure after the powerful storm Fiona left an “unprecedented” trail of destruction, officials said on Sunday, as crews fanned out in five provinces to restore power and clean up fallen trees and debris.

    One 73-year-old woman died during the storm in Port aux Basques, one of the hardest hit towns on the southwest tip of Newfoundland with just over 4,000 residents, police said.

    “The woman was last seen inside (her) residence just moments before a wave struck the home, tearing away a portion of the basement,” police said earlier. The coast guard and local rescuers recovered her body from the ocean on Sunday afternoon, according to a statement.

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    Port aux Basques is “like a complete war zone,” said Brian Button, mayor of Port aux Basques. More than 20 homes were destroyed and more than 200 people need shelter. The cost of damages “is in the millions (of dollars) here now,” Button said in an interview.

    “We’re going to be months rebuilding. I think months is a conservative estimate for some of these people,” Rosalyn Roy, a resident of Port aux Basques, told the Canadian Broadcasting Corp.

    Fiona slammed into eastern Canada on Saturday, forcing evacuations as wind gusts reached up to 170 km per hour (106 miles per hour) and the storm surge swallowed up homes on the coastline.

    While the full scale of Fiona’s devastation is not immediately clear, the storm could prove to be one of Canada’s costliest natural disasters.

    Scientists have not yet determined whether climate change influenced Fiona, but in general the warming of the planet is making hurricanes wetter, windier and altogether more intense.

    Canada’s federal government is sending in the armed forces on Sunday to help clear fallen trees and debris, which will in turn open the way for crews to restore power, Emergency Preparedness Minister Bill Blair told Reuters.

    The province of Nova Scotia requested the troops and machinery to clear debris Saturday, “and we said yes, and so they’re being deployed today,” Blair said.

    On Sunday, Prince Edward Island (PEI) and Newfoundland and Labrador also requested federal support and troops are going to be sent, Blair said. About 100 troops are heading to each of the three provinces, Defense Minister Anita Anand told reporters.

    RCMP officers observe the destruction after the arrival of Hurricane Fiona in Port Aux Basques, Newfoundland, Canada September 25, 2022. REUTERS/John Morris

    The Canadian Hurricane Centre estimated that Fiona was the lowest-pressured storm to make landfall on record in Canada.

    In 2019, Dorian hit the region around Halifax, Nova Scotia, blowing down a construction crane and knocking out power. Fiona, on the other hand, appears to have caused major damage across at least five provinces.

    “The scale of what we’re dealing with, I think it’s unprecedented,” Blair said on Sunday.

    “There is going to be… several months’ work in restoring some of the critical infrastructure – buildings and homes, rooftops that have been blown off community centers and schools,” he said.

    Hundreds of thousands of residents across Nova Scotia, PEI, Newfoundland, Quebec and New Brunswick remained without power on Sunday. Blair said hundreds of utility crews had already been deployed to restore power, including some from the United States.

    In Nova Scotia, police urged people to stop going for fast food because drive-thru lines “are blocking roadways, which is impeding recovery efforts” and the situation is prompting calls to police dispatchers “who are already handling very high call volumes”, according to a statement on Twitter.

    In PEI there were long lines at gas stations as many had to fill generators, and several communities were told to boil water before drinking because water purification systems were offline.

    Officials warned on Sunday that in some cases it would take weeks before essential services are fully restored.

    The storm also severely damaged fishing harbors in Atlantic Canada, which could hurt the country’s C$3.2 billion lobster industry, unless it is fully restored before the season kicks off in few weeks.

    “Those fishers have a very immediate need to be able to access their livelihood once the storm passes,” Dominic LeBlanc, minister of intergovernmental affairs of Canada, said on Saturday.

    ($1 = 1.3589 Canadian dollars)

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    Reporting John Morris in Stephenville; Additional reporting by Steve Scherer in Ottawa, Denny Thomas in Toronto, and Eric Martyn in Halifax; Writing by Steve Scherer; Editing by Daniel Wallis, Lisa Shumaker and Diane Craft

    Our Standards: The Thomson Reuters Trust Principles.

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