Quanta Services, Inc. $PWR Stock: Penobscot Investment Management Company Inc. Cuts Position

Penobscot Investment Management Company Inc. lessened its stake in Quanta Services, Inc. (NYSE:PWR) by 6.1% in the third quarter, HoldingsChannel.com reports. The firm owned 30,972 shares of the construction company’s stock after selling 2,000 shares during the quarter. Quanta Services accounts for 1.4% of Penobscot Investment Management Company Inc.’s portfolio, making the stock its 13th largest position. Penobscot Investment Management Company Inc.’s holdings in Quanta Services were worth $19,900,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PWR. State Street Corp boosted its holdings in Quanta Services by 4.7% during the second quarter. State Street Corp now owns 6,581,807 shares of the construction company’s stock worth $4,739,164,000 after buying an additional 296,893 shares in the last quarter. Bank of America Corp DE grew its position in Quanta Services by 5.4% during the first quarter. Bank of America Corp DE now owns 3,444,711 shares of the construction company’s stock worth $1,891,215,000 after buying an additional 175,184 shares during the period. Royal Bank of Canada increased its holdings in Quanta Services by 7.1% in the first quarter. Royal Bank of Canada now owns 1,264,827 shares of the construction company’s stock valued at $694,415,000 after buying an additional 83,363 shares in the last quarter. First Trust Advisors LP increased its holdings in Quanta Services by 18.3% in the first quarter. First Trust Advisors LP now owns 1,003,917 shares of the construction company’s stock valued at $551,170,000 after buying an additional 155,529 shares in the last quarter. Finally, Amundi lifted its position in shares of Quanta Services by 10.3% during the 1st quarter. Amundi now owns 580,718 shares of the construction company’s stock valued at $318,826,000 after acquiring an additional 54,237 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of NYSE PWR opened at $578.54 on Wednesday. The company’s 50-day moving average price is $636.29 and its 200 day moving average price is $620.22. Quanta Services, Inc. has a 52 week low of $408.36 and a 52 week high of $788.75.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.93. The business had revenue of $9.56 billion for the quarter, compared to analyst estimates of $8.61 billion. During the same quarter in the previous year, the firm posted $2.48 EPS. The business’s revenue was up 41.1% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Equities research analysts forecast that Quanta Services, Inc. will post 15.37 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, October 1st.

Key Quanta Services News

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Strong infrastructure demand supports the earnings outlook. Analysts expect Quanta to benefit from sustained transmission and distribution spending, grid modernization, rising electricity demand and data-center-related electrical work. These themes also place PWR among construction stocks with strong growth momentum. 5 Construction Stocks That May Surprise This Earnings Season
• Positive Sentiment: Pre-earnings expectations remain favorable. Wall Street is looking for broad-based growth across Quanta’s end markets and is evaluating key operating metrics ahead of the report. Prior results featured substantial revenue and earnings growth and an increased full-year outlook, helping reinforce investor confidence. Should Investors Buy, Sell, or Hold Quanta Stock Ahead of Q3 Earnings?
• Positive Sentiment: Analyst sentiment and institutional interest are supportive. Sell-side analysts recently characterized PWR as a “Moderate Buy,” while the reported median price target of $831.50 is well above the current trading level. Some major institutions, including JPMorgan, AllianceBernstein and First Trust, increased their positions in the latest reported quarter. Quanta Services Stock Now Rated Moderate Buy
• Neutral Sentiment: Quanta is being compared favorably with EMCOR. Both infrastructure companies are benefiting from data-center, advanced-manufacturing and mission-critical construction demand, but the comparison does not provide a new company-specific catalyst before earnings. Quanta vs. EMCOR: Which Infrastructure Stock Offers Better Upside?
• Negative Sentiment: Valuation and execution risk could limit further gains. After a roughly 370% five-year advance, commentary describes PWR as stretched. Its elevated valuation leaves the stock vulnerable if third-quarter results, guidance or key metrics fail to exceed already optimistic expectations. Quanta Services Stock Looks Stretched Despite Its Five-Year Run
• Negative Sentiment: Insider selling is a cautionary signal. Reported insider activity over the past six months consisted of sales, including substantial selling by CEO Earl C. Austin Jr. This does not necessarily predict earnings performance, but it may temper investor enthusiasm. Quanta Services Climbs as Investors Position for Earnings and AI-Grid Demand

Analysts Set New Price Targets

Several equities research analysts have recently commented on PWR shares. Weiss Ratings raised Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, October 13th. Robert W. Baird set a $728.00 price target on Quanta Services in a report on Friday, July 31st. Mizuho set a $684.00 price objective on Quanta Services in a research note on Wednesday, October 7th. Piper Sandler reduced their price objective on Quanta Services from $731.00 to $714.00 and set an “overweight” rating for the company in a report on Monday, September 28th. Finally, KeyCorp raised Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 price objective for the company in a report on Friday, August 7th. Twenty-three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and a consensus target price of $761.84.

Quanta Services Profile

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company designs, installs, repairs, maintains and upgrades essential infrastructure for the electric power, communications, pipeline, industrial and energy industries.

Its services include electric transmission and distribution construction, substation and renewable-energy infrastructure, storm restoration, fiber-optic and wireless communications networks, natural gas and pipeline construction, and related engineering and maintenance work.