Quanta Services, Inc. $PWR Shares Sold by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. trimmed its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 1.8% during the third quarter, HoldingsChannel reports. The fund owned 138,829 shares of the construction company’s stock after selling 2,480 shares during the quarter. Quanta Services comprises 6.3% of Washington Trust Advisors Inc.’s holdings, making the stock its largest position. Washington Trust Advisors Inc.’s holdings in Quanta Services were worth $89,199,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its holdings in Quanta Services by 5.8% during the 1st quarter. Cetera Investment Advisers now owns 74,134 shares of the construction company’s stock worth $40,701,000 after buying an additional 4,087 shares during the period. State Street Corp grew its position in shares of 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 buying an additional 296,893 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Quanta Services in the second quarter valued at about $1,066,000. Envestnet Asset Management Inc. increased its stake in shares of Quanta Services by 11.9% in the second quarter. Envestnet Asset Management Inc. now owns 225,059 shares of the construction company’s stock valued at $162,051,000 after buying an additional 23,850 shares during the period. Finally, Waverly Advisors LLC raised its position in shares of Quanta Services by 3,275.5% during the second quarter. Waverly Advisors LLC now owns 62,953 shares of the construction company’s stock worth $45,329,000 after acquiring an additional 61,088 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on PWR shares. UBS Group reaffirmed a “buy” rating on shares of Quanta Services in a research note on Monday, August 17th. Piper Sandler decreased their target price on shares of Quanta Services from $731.00 to $714.00 and set an “overweight” rating for the company in a research report on Monday, September 28th. Morgan Stanley lowered shares of Quanta Services to an “underweight” rating in a report on Monday, August 3rd. Wall Street Zen downgraded shares of Quanta Services from a “buy” rating to a “hold” rating in a research report on Saturday, September 12th. Finally, Mizuho set a $684.00 price target on shares of Quanta Services in a research report on Wednesday, October 7th. Twenty-three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $761.24.

Quanta Services Trading Down 1.0%

Shares of PWR stock traded down $5.55 during mid-day trading on Friday, hitting $546.89. The company’s stock had a trading volume of 1,620,771 shares, compared to its average volume of 1,055,948. The company’s fifty day simple moving average is $640.38 and its 200-day simple moving average is $663.20. Quanta Services, Inc. has a 52 week low of $408.36 and a 52 week high of $788.75. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10. The company has a market cap of $82.22 billion, a PE ratio of 62.64, a P/E/G ratio of 1.63 and a beta of 1.27.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%. The company had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. During the same period in the previous year, the business earned $2.48 EPS. The firm’s revenue was up 41.1% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. As a group, equities research analysts expect that Quanta Services, Inc. will post 15.37 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 1st were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s payout ratio is 5.04%.

Key Stories Impacting Quanta Services

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

• Positive Sentiment: Exposure to grid modernization and AI infrastructure: Polen Capital highlighted Quanta Services as a beneficiary of long-term investment in power-grid modernization and infrastructure supporting artificial intelligence. This supports the bullish view that demand for the company’s engineering and construction services can remain strong. Quanta Services, Inc. (PWR) Offers Exposure to Grid Modernization and AI Infrastructure
• Positive Sentiment: Potential earnings beat: Zacks said Quanta has factors supporting a possible earnings beat in its upcoming quarterly report, including favorable earnings expectations and its Earnings ESP indicator. A stronger-than-expected result or outlook could help stabilize the shares. Quanta Services Earnings Expected to Grow
• Neutral Sentiment: Earnings are the next major catalyst: Quanta is scheduled to report results on Thursday, making revenue, margins, backlog and forward guidance particularly important after the recent share-price weakness. Quanta Services Set to Post Earnings on Thursday
• Neutral Sentiment: Analysts are also screening Quanta among construction companies that could beat quarterly estimates, reinforcing the possibility of a positive earnings surprise but offering no new company-specific results. Construction Stocks That Could Beat Earnings
• Negative Sentiment: Broad selloff and bearish options positioning: PWR declined substantially in the latest session, while unusually high put-option activity suggests traders are hedging against—or speculating on—additional downside. The move may also reflect profit-taking and concern that the stock’s premium valuation leaves little room for disappointment. Traders Buy High Volume of Quanta Services Put Options

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.