Payden & Rygel Buys New Position in Quanta Services, Inc. $PWR

Payden & Rygel purchased a new position in Quanta Services, Inc. (NYSE:PWR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 14,010 shares of the construction company’s stock, valued at approximately $9,002,000.

Several other institutional investors and hedge funds have also modified their holdings of PWR. State Street Corp grew its position in shares of Quanta Services by 4.7% during 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 acquiring an additional 296,893 shares during the period. Bank of America Corp DE increased its stake in shares of Quanta Services by 5.4% in the 1st quarter. Bank of America Corp DE now owns 3,444,711 shares of the construction company’s stock worth $1,891,215,000 after purchasing an additional 175,184 shares in the last quarter. Royal Bank of Canada raised its holdings in Quanta Services by 7.1% in the 1st quarter. Royal Bank of Canada now owns 1,264,827 shares of the construction company’s stock worth $694,415,000 after purchasing an additional 83,363 shares during the period. First Trust Advisors LP raised its holdings in Quanta Services by 18.3% in the 1st quarter. First Trust Advisors LP now owns 1,003,917 shares of the construction company’s stock worth $551,170,000 after purchasing an additional 155,529 shares during the period. Finally, Amundi lifted its position in Quanta Services by 10.3% during the first quarter. Amundi now owns 580,718 shares of the construction company’s stock valued at $318,826,000 after purchasing an additional 54,237 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Down 2.3%

NYSE PWR opened at $620.50 on Friday. Quanta Services, Inc. has a 12 month low of $408.36 and a 12 month high of $788.75. The company has a current ratio of 1.16, a quick ratio of 1.05 and a debt-to-equity ratio of 0.60. The stock 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 stock’s 50 day moving average is $632.80 and its 200 day moving average is $623.16.

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

Quanta Services Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is currently 5.04%.

Analysts Set New Price Targets

Several research firms have issued reports on PWR. The Goldman Sachs Group set a $781.00 price target on Quanta Services in a report on Thursday, October 22nd. Mizuho set a $684.00 price objective on Quanta Services in a research note on Wednesday, October 7th. TD Cowen lifted their price objective on Quanta Services from $785.00 to $830.00 and gave the company a “buy” rating in a research report on Thursday. Citigroup boosted their price objective on Quanta Services from $871.00 to $882.00 and gave the company a “buy” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft cut shares of Quanta Services to a “sell” rating in a research note 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $766.62.

Quanta Services News Summary

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.

About Quanta Services

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.