Jennison Associates LLC Increases Stock Position in Quanta Services, Inc. $PWR

Jennison Associates LLC lifted its position in shares of Quanta Services, Inc. (NYSE:PWR) by 10.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 127,760 shares of the construction company’s stock after buying an additional 12,290 shares during the period. Jennison Associates LLC’s holdings in Quanta Services were worth $53,923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE boosted its holdings in Quanta Services by 5.5% in the fourth quarter. US Bancorp DE now owns 31,338 shares of the construction company’s stock valued at $13,227,000 after acquiring an additional 1,635 shares during the last quarter. Levin Capital Strategies L.P. acquired a new stake in Quanta Services during the fourth quarter worth about $270,000. GC Wealth Management RIA LLC raised its holdings in shares of Quanta Services by 1.8% in the 4th quarter. GC Wealth Management RIA LLC now owns 19,296 shares of the construction company’s stock worth $8,144,000 after purchasing an additional 335 shares during the period. Interchange Capital Partners LLC acquired a new position in shares of Quanta Services in the 4th quarter valued at about $252,000. Finally, Aries Wealth Management grew its holdings in shares of Quanta Services by 6.3% during the 4th quarter. Aries Wealth Management now owns 521 shares of the construction company’s stock worth $220,000 after purchasing an additional 31 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Trending Headlines about Quanta Services

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

• Positive Sentiment: Record Q1 results — Quanta reported Q1 revenue of $7.87B (+26% YoY) and adjusted EPS $2.68, beating consensus; management highlighted strong segment execution and healthy margins. QUANTA SERVICES REPORTS FIRST QUARTER 2026 RESULTS
• Positive Sentiment: Raised FY‑2026 guidance — Management lifted FY26 EPS guidance to $13.55–$14.25 and revenue guidance to ~$34.7–$35.2B, above Street expectations, signaling stronger forward visibility. Quanta Services Reports Record Q1 Results, Raises 2026 Outlook
• Positive Sentiment: Record backlog and RPO — Backlog and remaining performance obligations expanded substantially (total backlog ~$48.5B; RPO ~$26.2B), supporting multi‑year revenue visibility on large infrastructure projects. Quanta Services Lifts Outlook on Record Backlog
• Positive Sentiment: Strong cash flow and profitability metrics — Q1 produced solid adjusted EBITDA, operating cash flow and free cash flow, backing the quality of the beat and the sustainability of returns. PWR Q1 Earnings Top Estimates on Strong Execution, 2026 View Raised
• Positive Sentiment: Analyst upgrades — Citi raised its price target (to $733) and Truist also boosted its target, reflecting improved consensus on Quanta’s execution and outlook. Citi Raises its Price Target on Quanta Services Truist Raises PT on Quanta Services
• Neutral Sentiment: Earnings call and full transcript available — Management provided color on project execution, margin drivers and capital allocation; read the transcript for verbatim commentary that may shape near‑term investor questions. Quanta Services Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Sector context — Analysts note Quanta is benefiting from a broad infrastructure and electrification cycle; comparative pieces outline competitive positioning versus peers but do not change the near‑term thesis. Sterling vs. Quanta: Which Infrastructure Stock Wins Today?

Quanta Services Stock Up 15.8%

NYSE PWR opened at $728.15 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a fifty-two week low of $312.30 and a fifty-two week high of $728.85. The business has a 50 day moving average price of $578.99 and a two-hundred day moving average price of $497.61. The stock has a market cap of $109.26 billion, a PE ratio of 107.08, a P/E/G ratio of 2.85 and a beta of 1.10.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.64. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The company had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7 billion. During the same quarter last year, the company earned $1.78 earnings per share. Quanta Services’s revenue for the quarter was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, sell-side analysts predict that Quanta Services, Inc. will post 11.97 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Thursday, April 2nd were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s payout ratio is 6.47%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PWR. Weiss Ratings reissued a “buy (b-)” rating on shares of Quanta Services in a research report on Friday, April 10th. TD Cowen boosted their price objective on shares of Quanta Services from $425.00 to $570.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. UBS Group increased their price objective on shares of Quanta Services from $518.00 to $646.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Wolfe Research lifted their target price on shares of Quanta Services from $477.00 to $576.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Finally, Robert W. Baird upped their price target on shares of Quanta Services from $490.00 to $606.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Eighteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $603.23.

Quanta Services Company Profile

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.