Quanta Services, Inc. $PWR Stock Sold by Penobscot Investment Management Company Inc.

Posted by Francis Steltz on Oct 28th, 2026

Penobscot Investment Management Company Inc. decreased its holdings in shares of Quanta Services, Inc. (NYSE:PWR – Free Report) by 6.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,972 shares of the construction company’s stock after selling 2,000 shares during the period. Quanta Services makes up approximately 1.4% of Penobscot Investment Management Company Inc.’s holdings, making the stock its 13th largest position. Penobscot Investment Management Company Inc.’s holdings in Quanta Services were worth $19,900,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cornerstone Financial Management LLC increased its position in Quanta Services by 70.4% in the 2nd quarter. Cornerstone Financial Management LLC now owns 46 shares of the construction company’s stock valued at $33,000 after acquiring an additional 19 shares during the period. Boreal Capital Management LLC acquired a new stake in Quanta Services during the 1st quarter worth approximately $27,000. JNBA Financial Advisors lifted its position in Quanta Services by 1,733.3% during the 2nd quarter. JNBA Financial Advisors now owns 55 shares of the construction company’s stock worth $40,000 after acquiring an additional 52 shares during the period. Markowski Investments acquired a new stake in Quanta Services during the 2nd quarter worth approximately $55,000. Finally, SJS Investment Consulting Inc. grew its stake in shares of Quanta Services by 100.0% in the 1st quarter. SJS Investment Consulting Inc. now owns 82 shares of the construction company’s stock valued at $45,000 after purchasing an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Key Quanta Services News

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

Positive Sentiment: Strong infrastructure demand supports the earnings outlook. Analysts expect Quanta to benefit from sustained transmission and distribution spending, grid modernization, rising electricity demand and data-center-related electrical work. These themes also place PWR among construction stocks with strong growth momentum. 5 Construction Stocks That May Surprise This Earnings Season
Positive Sentiment: Pre-earnings expectations remain favorable. Wall Street is looking for broad-based growth across Quanta’s end markets and is evaluating key operating metrics ahead of the report. Prior results featured substantial revenue and earnings growth and an increased full-year outlook, helping reinforce investor confidence. Should Investors Buy, Sell, or Hold Quanta Stock Ahead of Q3 Earnings?
Positive Sentiment: Analyst sentiment and institutional interest are supportive. Sell-side analysts recently characterized PWR as a “Moderate Buy,” while the reported median price target of $831.50 is well above the current trading level. Some major institutions, including JPMorgan, AllianceBernstein and First Trust, increased their positions in the latest reported quarter. Quanta Services Stock Now Rated Moderate Buy
Neutral Sentiment: Quanta is being compared favorably with EMCOR. Both infrastructure companies are benefiting from data-center, advanced-manufacturing and mission-critical construction demand, but the comparison does not provide a new company-specific catalyst before earnings. Quanta vs. EMCOR: Which Infrastructure Stock Offers Better Upside?
Negative Sentiment: Valuation and execution risk could limit further gains. After a roughly 370% five-year advance, commentary describes PWR as stretched. Its elevated valuation leaves the stock vulnerable if third-quarter results, guidance or key metrics fail to exceed already optimistic expectations. Quanta Services Stock Looks Stretched Despite Its Five-Year Run
Negative Sentiment: Insider selling is a cautionary signal. Reported insider activity over the past six months consisted of sales, including substantial selling by CEO Earl C. Austin Jr. This does not necessarily predict earnings performance, but it may temper investor enthusiasm. Quanta Services Climbs as Investors Position for Earnings and AI-Grid Demand

Wall Street Analysts Forecast Growth

PWR has been the topic of a number of recent research reports. Argus set a $800.00 target price on Quanta Services in a report on Wednesday, August 5th. Truist Financial increased their price target on Quanta Services from $945.00 to $960.00 and gave the stock a “buy” rating in a report on Tuesday. Morgan Stanley downgraded Quanta Services to an “underweight” rating in a report on Monday, August 3rd. TD Cowen lifted their price objective on shares of Quanta Services from $775.00 to $785.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen cut shares of Quanta Services from a “buy” rating to a “hold” rating in a research note on Saturday, September 12th. Twenty-three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Quanta Services has an average rating of “Moderate Buy” and a consensus target price of $761.84.

View Our Latest Stock Analysis on Quanta Services

Quanta Services Stock Performance

Shares of NYSE:PWR opened at $578.54 on Wednesday. Quanta Services, Inc. has a 52 week low of $408.36 and a 52 week high of $788.75. The company has a 50-day moving average price of $636.29 and a 200 day moving average price of $620.22.

Quanta Services (NYSE:PWR – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.93. The business had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $8.61 billion. During the same period in the prior year, the firm posted $2.48 EPS. Quanta Services’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. On average, research analysts forecast that Quanta Services, Inc. will post 15.37 EPS for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, October 1st.

Quanta Services Company Profile

(Free Report)

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.