Quanta Services (NYSE:PWR) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Quanta Services, Inc. (NYSE:PWR) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $622.23 and traded as high as $650.99. Quanta Services shares last traded at $632.7890, with a volume of 2,010,114 shares trading hands.

Quanta Services News Roundup

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.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PWR shares. Jefferies Financial Group restated a “buy” rating and set a $833.00 target price on shares of Quanta Services in a research report on Thursday, August 13th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $862.00 price target on shares of Quanta Services in a research report on Monday, October 5th. Benchmark lowered shares of Quanta Services to a “sell” rating in a research report on Friday, July 31st. Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, October 13th. Finally, Morgan Stanley downgraded Quanta Services to an “underweight” rating in a research report on Monday, August 3rd. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $766.62.

Quanta Services Stock Down 2.3%

The firm’s 50 day moving average is $632.80 and its 200-day moving average is $623.16. The firm has a market cap of $93.29 billion, a PE ratio of 56.20, a P/E/G ratio of 1.88 and a beta of 1.27. The company has a quick ratio of 1.05, a current ratio of 1.16 and a debt-to-equity ratio of 0.60.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, October 29th. The construction company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.02 by $1.04. The firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $11.03 billion. Quanta Services had a net margin of 4.51% and a return on equity of 23.56%. Quanta Services’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.33 EPS. As a group, equities research analysts expect that Quanta Services, Inc. will post 15.36 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

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

Institutional Trading of Quanta Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Guardian Wealth Management Inc. acquired a new position in shares of Quanta Services during the third quarter valued at $556,000. Northeast Investment Management grew its position in Quanta Services by 16.4% in the 3rd quarter. Northeast Investment Management now owns 41,251 shares of the construction company’s stock valued at $26,504,000 after buying an additional 5,818 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in Quanta Services by 2.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,073 shares of the construction company’s stock valued at $3,319,000 after buying an additional 122 shares during the period. Caldwell Trust Co increased its stake in Quanta Services by 8.6% during the 3rd quarter. Caldwell Trust Co now owns 15,504 shares of the construction company’s stock valued at $9,961,000 after buying an additional 1,232 shares during the period. Finally, 3Chopt Investment Partners LLC bought a new stake in shares of Quanta Services during the 3rd quarter worth about $218,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

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.