Vestor Capital LLC cut its position in shares of Quanta Services, Inc. (NYSE:PWR – Free Report) by 93.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 122 shares of the construction company’s stock after selling 1,700 shares during the quarter. Vestor Capital LLC’s holdings in Quanta Services were worth $67,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC lifted its stake in shares of Quanta Services by 2.6% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 513 shares of the construction company’s stock valued at $282,000 after purchasing an additional 13 shares in the last quarter. Pincus Capital Management LP increased its position in Quanta Services by 0.4% during the 1st quarter. Pincus Capital Management LP now owns 3,690 shares of the construction company’s stock worth $2,026,000 after purchasing an additional 15 shares in the last quarter. SouthState Bank Corp raised its holdings in Quanta Services by 23.5% in the first quarter. SouthState Bank Corp now owns 84 shares of the construction company’s stock valued at $46,000 after buying an additional 16 shares during the period. Lewis Asset Management LLC raised its holdings in Quanta Services by 2.5% in the first quarter. Lewis Asset Management LLC now owns 692 shares of the construction company’s stock valued at $380,000 after buying an additional 17 shares during the period. Finally, Stiles Financial Services Inc lifted its position in Quanta Services by 1.8% during the first quarter. Stiles Financial Services Inc now owns 987 shares of the construction company’s stock valued at $542,000 after buying an additional 17 shares in the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.
Quanta Services Price Performance
Shares of PWR stock opened at $667.83 on Friday. The firm has a fifty day simple moving average of $680.15 and a 200-day simple moving average of $612.22. The company has a market capitalization of $100.21 billion, a PE ratio of 76.50, a price-to-earnings-growth ratio of 2.63 and a beta of 1.21. Quanta Services, Inc. has a twelve month low of $363.01 and a twelve month high of $788.75. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56.
Quanta Services announced that its Board of Directors has initiated a stock buyback plan on Friday, May 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to buy up to 0.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
Quanta Services Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Wednesday, July 1st were paid a $0.11 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s payout ratio is 5.04%.
Quanta Services News Summary
Here are the key news stories impacting Quanta Services this week:
- Positive Sentiment: Q2 earnings and revenue beat estimates. Quanta reported adjusted diluted EPS of $4.24, versus consensus estimates near $3.30, while revenue reached $9.56 billion compared with expectations of approximately $8.6 billion. Revenue increased 41.1% from the prior year, and adjusted EBITDA rose to $1.1 billion. Quanta Services Reports Second Quarter 2026 Results
- Positive Sentiment: Record backlog supports future growth. Total backlog reached $53.4 billion, including $33.6 billion in remaining performance obligations. Management cited broad infrastructure demand, electric-sector strength and acquisitions as key growth drivers. Operating cash flow was a record $1.1 billion, with free cash flow of $0.9 billion. Quanta Services Q2 Earnings Call Highlights Growth and Backlog Strength
- Positive Sentiment: Quanta raised its 2026 financial expectations across metrics. The company now projects revenue of $39.3 billion to $39.7 billion and adjusted EPS of $16.45 to $16.95, both well above prior consensus expectations. The higher outlook signals management’s confidence that strong demand and execution will continue. Quanta Projects 2026 Revenue as Record Backlog Supports Raised Outlook
- Positive Sentiment: Guggenheim upgraded PWR to “buy” from “neutral” and assigned an $800 price target. The upgrade adds further positive momentum following the earnings report and reflects greater confidence in Quanta’s growth outlook. The Fly Analyst Update
- Negative Sentiment: Valuation remains elevated. With a reported price-to-earnings ratio above 90, PWR’s stock price already reflects substantial growth expectations. Any slowdown in infrastructure demand, execution problems or disappointment with future guidance could increase volatility.
Insider Transactions at Quanta Services
In related news, CAO Paul Nobel sold 4,000 shares of Quanta Services 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 completion of the sale, the chief accounting officer owned 8,080 shares in the company, valued at approximately $6,116,398.40. The trade was a 33.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the completion of the sale, the chief executive officer directly owned 556,911 shares in the company, valued at $429,183,462.15. This represents a 18.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 159,992 shares of company stock valued at $123,244,714 in the last three months. 0.60% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. Zacks Research lowered shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Stifel Nicolaus set a $784.00 price target on shares of Quanta Services in a research report on Friday, May 1st. Evercore increased their price target on Quanta Services from $635.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Sanford C. Bernstein reissued a “market perform” rating and issued a $748.00 price objective on shares of Quanta Services in a research report on Friday. Finally, Roth Capital upped their target price on Quanta Services from $600.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. Nineteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $752.78.
Quanta Services 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.
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