Mirae Asset Global Investments Co. Ltd. Makes New $58.97 Million Investment in Quanta Services, Inc. $PWR

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Quanta Services, Inc. (NYSE:PWR) in the third quarter, Holdings Channel.com reports. The firm purchased 91,786 shares of the construction company’s stock, valued at approximately $58,973,000.

Other institutional investors have also made changes to their positions in the company. ProShare Advisors LLC increased its holdings in shares of Quanta Services by 1.3% during the 3rd quarter. ProShare Advisors LLC now owns 23,271 shares of the construction company’s stock valued at $14,952,000 after acquiring an additional 300 shares during the last quarter. Vise Technologies Inc. acquired a new stake in Quanta Services in the 3rd quarter worth approximately $4,306,000. Blue Fin Capital Inc. acquired a new stake in Quanta Services in the 3rd quarter worth approximately $564,000. Avestar Capital LLC lifted its holdings in Quanta Services by 7.5% in the 3rd quarter. Avestar Capital LLC now owns 3,650 shares of the construction company’s stock worth $2,345,000 after purchasing an additional 256 shares during the last quarter. Finally, State of Wyoming boosted its position in Quanta Services by 78.6% during the third quarter. State of Wyoming now owns 184 shares of the construction company’s stock worth $118,000 after purchasing an additional 81 shares during the period. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Key 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.

Quanta Services Price Performance

Quanta Services stock opened at $620.50 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.13 and a current ratio of 1.16. The firm has a market cap of $93.50 billion, a P/E ratio of 56.20, a P/E/G ratio of 1.84 and a beta of 1.29. The business’s fifty day moving average is $632.80 and its two-hundred day moving average is $623.16. Quanta Services, Inc. has a 52 week low of $408.36 and a 52 week high of $788.75.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, October 29th. The construction company reported $6.06 earnings per share for the quarter, beating analysts’ consensus estimates of $5.02 by $1.04. The company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $11.03 billion. Quanta Services had a return on equity of 23.56% and a net margin of 4.51%. The firm’s quarterly revenue was up 57.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.33 EPS. Equities research analysts forecast that Quanta Services, Inc. will post 15.36 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is currently 3.99%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PWR. The Goldman Sachs Group set a $781.00 price target on shares of Quanta Services in a report on Thursday, October 22nd. BTIG Research cut Quanta Services to a “hold” rating in a research report on Friday, July 31st. Citigroup increased their target price on Quanta Services from $871.00 to $882.00 and gave the company a “buy” rating in a research note on Friday. TD Cowen raised their target price on Quanta Services from $785.00 to $830.00 and gave the company a “buy” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft lowered Quanta Services to a “sell” rating in a report on Friday, July 31st. Twenty-three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $766.62.

Quanta Services Company 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.