Saranac Partners Ltd Has $1.79 Million Position in Quanta Services, Inc. $PWR

Posted by George Bondi on May 20th, 2026

Saranac Partners Ltd cut its holdings in Quanta Services, Inc. (NYSE:PWR – Free Report) by 67.3% during the fourth quarter, HoldingsChannel reports. The firm owned 4,239 shares of the construction company’s stock after selling 8,718 shares during the period. Saranac Partners Ltd’s holdings in Quanta Services were worth $1,789,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of Quanta Services in the fourth quarter valued at approximately $298,000. Woodline Partners LP increased its position in Quanta Services by 40.7% during the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after acquiring an additional 3,606 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in Quanta Services during the 2nd quarter valued at $4,632,000. Marshall Wace LLP bought a new stake in Quanta Services in the 2nd quarter valued at $996,000. Finally, StoneX Group Inc. acquired a new stake in Quanta Services in the 2nd quarter worth $204,000. Institutional investors own 90.49% of the company’s stock.

Insider Activity

In related news, CEO Earl C. Jr. Austin sold 25,992 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the sale, the chief executive officer directly owned 16,508 shares in the company, valued at $12,722,880.68. This represents a 61.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Paul Nobel sold 4,000 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $756.98, for a total value of $3,027,920.00. Following the sale, the chief accounting officer directly owned 8,080 shares of the company’s stock, valued at $6,116,398.40. This represents a 33.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 159,992 shares of company stock worth $123,244,714. 0.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Citigroup upped their price objective on shares of Quanta Services from $640.00 to $733.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Evercore boosted their price target on Quanta Services from $635.00 to $800.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on Quanta Services from $627.00 to $805.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. TD Cowen lifted their price objective on Quanta Services from $570.00 to $775.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Wolfe Research upped their target price on Quanta Services from $477.00 to $576.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $708.05.

Get Our Latest Research Report on Quanta Services

Quanta Services Stock Down 1.1%

Shares of PWR opened at $714.89 on Wednesday. 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 company has a 50-day moving average price of $623.03 and a two-hundred day moving average price of $523.61. The stock has a market cap of $107.28 billion, a price-to-earnings ratio of 98.06, a P/E/G ratio of 2.48 and a beta of 1.24. Quanta Services, Inc. has a 12 month low of $320.56 and a 12 month high of $788.75.

Quanta Services (NYSE:PWR – Get Free Report) last released 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. The company had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7 billion. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The company’s revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Equities analysts predict that Quanta Services, Inc. will post 12.84 EPS for the current fiscal year.

Quanta Services Dividend Announcement

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

Quanta Services Profile

(Free Report)

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.