Washington Trust Advisors Inc. Sells 4,357 Shares of Quanta Services, Inc. $PWR

Washington Trust Advisors Inc. cut its stake in Quanta Services, Inc. (NYSE:PWR) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 169,886 shares of the construction company’s stock after selling 4,357 shares during the quarter. Quanta Services comprises 5.5% of Washington Trust Advisors Inc.’s investment portfolio, making the stock its 2nd largest position. Washington Trust Advisors Inc.’s holdings in Quanta Services were worth $71,702,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Legacy Wealth Managment LLC ID raised its stake in shares of Quanta Services by 288.9% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 385 shares of the construction company’s stock worth $162,000 after purchasing an additional 286 shares during the last quarter. Financial Partners Group Inc raised its stake in shares of Quanta Services by 0.9% in the fourth quarter. Financial Partners Group Inc now owns 2,794 shares of the construction company’s stock worth $1,179,000 after purchasing an additional 26 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Quanta Services by 19.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 9,128 shares of the construction company’s stock worth $3,853,000 after purchasing an additional 1,512 shares during the last quarter. Costello Asset Management INC purchased a new stake in shares of Quanta Services in the fourth quarter worth approximately $42,000. Finally, GRIMES & Co WEALTH MANAGEMENT LLC raised its stake in shares of Quanta Services by 34.3% in the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 2,205 shares of the construction company’s stock worth $931,000 after purchasing an additional 563 shares during the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Quanta Services

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

• Positive Sentiment: Quanta Services continues to benefit from upbeat coverage after its Q1 2026 results and raised full-year outlook, with investors focused on record backlog and stronger revenue/earnings visibility. Quanta Services (PWR) Is Up 22.3% After Raising 2026 Outlook On Record Infrastructure Backlog – What’s Changed
• Positive Sentiment: Zacks highlighted Quanta as a strong growth and momentum name, reinforcing the view that investors are paying up for its expanding infrastructure opportunity. Looking for a Growth Stock? 3 Reasons Why Quanta Services (PWR) is a Solid Choice
• Positive Sentiment: Analyst sentiment remains supportive, with firms like Jefferies and TD Cowen maintaining bullish views and higher price targets, which can help sustain institutional demand. Jefferies Adjusts Price Target on Quanta Services to $857
• Neutral Sentiment: Additional articles framed Quanta as a beneficiary of AI/data-center and power-grid spending, which is supportive for the long term but not a fresh earnings catalyst. The Smartest Energy Stocks to Buy With $1,000 Right Now
• Neutral Sentiment: Quanta’s stock has also been featured in momentum and peer-comparison pieces, reflecting strong recent performance rather than a new company-specific trigger. Are You Looking for a Top Momentum Pick? Why Quanta Services (PWR) is a Great Choice
• Negative Sentiment: Insider selling by CEO Earl C. Jr. Austin and CAO Paul Nobel may be pressuring sentiment, as investors often read large sales near highs as a caution flag. SEC Filing: Insider Sale by CEO Earl C. Jr. Austin

Insider Buying and Selling at Quanta Services

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $756.98, for a total transaction of $3,027,920.00. Following the completion of the transaction, the chief accounting officer directly owned 8,080 shares of the company’s stock, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total value of $100,184,500.00. Following the transaction, the chief executive officer directly owned 556,911 shares of the company’s stock, valued at approximately $429,183,462.15. This trade represents a 18.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 159,992 shares of company stock valued at $123,244,714. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on PWR shares. B. Riley Financial reissued a “neutral” rating on shares of Quanta Services in a research note on Friday, May 1st. Wolfe Research upped their target price on Quanta Services from $477.00 to $576.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Evercore upped their target price on Quanta Services from $635.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Cantor Fitzgerald upped their target price on Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Finally, DA Davidson upped their target price on Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Seventeen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $695.73.

Quanta Services Stock Performance

PWR stock opened at $744.55 on Friday. The firm has a market cap of $111.73 billion, a PE ratio of 102.13, a P/E/G ratio of 2.58 and a beta of 1.24. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average of $591.73 and a 200-day moving average of $505.56. Quanta Services, Inc. has a 12-month low of $320.56 and a 12-month high of $788.75.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.64. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The business had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7 billion. During the same period in the prior year, the company earned $1.78 earnings per share. Quanta Services’s revenue was up 26.3% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, sell-side analysts expect that Quanta Services, Inc. will post 12.84 earnings per share for the current year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, April 2nd. Quanta Services’s dividend payout ratio is 6.04%.

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.