Maloon Powers Pitre Higgins & Dennehy LLC Takes $2.32 Million Position in Quanta Services, Inc. $PWR

Posted by Stanley Muller on Sep 5th, 2026

Maloon Powers Pitre Higgins & Dennehy LLC bought a new position in shares of Quanta Services, Inc. (NYSE:PWR – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,221 shares of the construction company’s stock, valued at approximately $2,319,000. Quanta Services accounts for approximately 0.8% of Maloon Powers Pitre Higgins & Dennehy LLC’s holdings, making the stock its 28th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Quanta Services by 2.1% during the fourth quarter. State Street Corp now owns 6,206,761 shares of the construction company’s stock worth $2,619,626,000 after purchasing an additional 126,014 shares during the period. Geode Capital Management LLC increased its holdings in Quanta Services by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 4,086,544 shares of the construction company’s stock valued at $1,718,371,000 after purchasing an additional 110,360 shares during the period. Bank of America Corp DE raised its position in Quanta Services by 5.4% during 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 during the last quarter. Victory Capital Management Inc. raised its position in Quanta Services by 35.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock worth $1,230,493,000 after purchasing an additional 758,862 shares during the last quarter. Finally, Norges Bank acquired a new position in Quanta Services during the 4th quarter worth about $817,285,000. 90.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PWR has been the subject of several recent research reports. Oppenheimer raised Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price target for the company in a research note on Thursday, May 28th. BTIG Research lowered Quanta Services to a “hold” rating in a research note on Friday, July 31st. Mizuho upped their target price on Quanta Services from $659.00 to $741.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. UBS Group reissued a “buy” rating on shares of Quanta Services in a research report on Monday, August 17th. Finally, Wall Street Zen upgraded shares of Quanta Services from a “hold” rating to a “buy” rating in a report on Sunday, August 2nd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $769.25.

Get Our Latest Stock Analysis on PWR

Quanta Services Stock Performance

PWR stock opened at $623.80 on Friday. The firm has a market cap of $93.78 billion, a PE ratio of 71.45, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average price of $651.88 and a 200-day moving average price of $642.61. Quanta Services, Inc. has a 1-year low of $363.01 and a 1-year high of $788.75.

Quanta Services (NYSE:PWR – Get Free Report) last announced its earnings results on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, beating the consensus estimate of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The company had revenue of $9.56 billion for the quarter, compared to analyst estimates of $8.61 billion. During the same quarter in the prior year, the company earned $2.48 EPS. The firm’s revenue for the quarter was up 41.1% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. As a group, equities research analysts expect that Quanta Services, Inc. will post 15.35 earnings per share for the current year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, October 1st. Quanta Services’s dividend payout ratio is presently 5.04%.

Quanta Services declared that its Board of Directors has initiated a stock buyback program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 0.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Quanta Services Company 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.