International Assets Investment Management LLC increased its position in shares of Quanta Services, Inc. (NYSE:PWR – Free Report) by 358.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,120 shares of the construction company’s stock after purchasing an additional 4,784 shares during the quarter. International Assets Investment Management LLC’s holdings in Quanta Services were worth $3,932,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of PWR. State Street Corp grew its stake in Quanta Services by 4.7% in the 2nd quarter. State Street Corp now owns 6,581,807 shares of the construction company’s stock valued at $4,739,164,000 after acquiring an additional 296,893 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Quanta Services by 3,657.8% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 221,485 shares of the construction company’s stock worth $121,600,000 after purchasing an additional 215,591 shares during the last quarter. Corient Private Wealth LP increased its position in Quanta Services by 731.3% during the second quarter. Corient Private Wealth LP now owns 210,091 shares of the construction company’s stock worth $151,273,000 after buying an additional 184,819 shares in the last quarter. Bank of America Corp DE increased 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 in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of 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 worth $551,170,000 after acquiring an additional 155,529 shares during the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.
More Quanta Services News
Here are the key news stories impacting Quanta Services this week:
- Positive Sentiment: Record results beat expectations. Quanta reported third-quarter revenue of $12.01 billion, up 57.4% year over year and above the $11.03 billion consensus estimate. Adjusted diluted EPS was $6.06, exceeding expectations of approximately $5.02-$5.03 and rising from $3.33 a year earlier. Quanta Services Reports Third Quarter 2026 Results
- Positive Sentiment: Demand and visibility remain strong. Electric infrastructure activity helped drive results, while total backlog reached a record $63.7 billion and remaining performance obligations totaled $41.8 billion. Operating cash flow was $1.5 billion and free cash flow was $1.2 billion. PWR Q3 Earnings Beat on Electric Strength
- Positive Sentiment: Management raised its 2026 outlook. The company now expects full-year revenue of $41.3 billion to $41.6 billion and diluted EPS of $12.57 to $12.97, reflecting confidence in continued infrastructure spending and execution.
- Neutral Sentiment: Technical momentum is mixed. Reports noted that PWR broke above its 200-day moving average, a potentially bullish signal, although the share price has since moved back near that level. Technical traders may view the move as either a confirmation of long-term strength or a possible “sell-the-news” setup. Quanta Services Shares Break Above 200-Day Moving Average
- Negative Sentiment: Valuation and insider selling may be limiting upside. PWR trades at roughly 71 times earnings, leaving the stock vulnerable to profit-taking even after the earnings beat. Separately, reported insider activity showed substantial selling and no insider purchases during the past six months, which may add to investor caution.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on PWR. Piper Sandler reduced their price objective on Quanta Services from $731.00 to $714.00 and set an “overweight” rating on the stock in a research report on Monday, September 28th. Robert W. Baird set a $728.00 price objective on Quanta Services in a research report on Friday, July 31st. TD Cowen boosted their target price on shares of Quanta Services from $785.00 to $830.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. cut shares of Quanta Services from an “overweight” rating to a “neutral” rating and set a $714.00 price target on the stock. in a research note on Tuesday, July 21st. Finally, Truist Financial lifted their price target on shares of Quanta Services from $945.00 to $960.00 and gave the stock a “buy” rating in a report on Tuesday, October 27th. Twenty-three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $766.62.
View Our Latest Stock Analysis on PWR
Quanta Services Price Performance
PWR stock opened at $620.50 on Monday. The stock has a market capitalization of $93.50 billion, a price-to-earnings ratio of 56.20, a price-to-earnings-growth ratio of 1.84 and a beta of 1.29. The company has a quick ratio of 1.13, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. Quanta Services, Inc. has a 52-week low of $408.36 and a 52-week high of $788.75. The stock’s fifty day simple moving average is $632.80 and its 200-day simple moving average is $623.16.
Quanta Services (NYSE:PWR – Get Free Report) last released its earnings results on Thursday, October 29th. The construction company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.02 by $1.04. Quanta Services had a return on equity of 23.56% and a net margin of 4.51%. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $11.03 billion. During the same period in the prior year, the firm posted $3.33 earnings per share. The business’s quarterly revenue was up 57.4% compared to the same quarter last year. Equities research analysts expect that Quanta Services, Inc. will post 15.36 EPS for the current year.
Quanta Services Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Thursday, October 1st. Quanta Services’s dividend payout ratio is presently 3.99%.
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.
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