Cannell & Spears LLC Sells 4,616 Shares of Quanta Services, Inc. $PWR

Key Points

• Cannell & Spears LLC trimmed its stake in Quanta Services by 3.6%, selling 4,616 shares and ending the quarter with 125,185 shares — about 1.0% of its portfolio and its 24th largest holding (worth roughly $51.9M).
• Wall Street sentiment is bullish: multiple brokers raised price targets and ratings, leaving a consensus "Moderate Buy" with an average price target of $576.55.
• Quanta beat quarterly estimates with $3.16 EPS (vs. $3.02 expected) and $7.84B revenue (vs. $7.38B expected), and set FY2026 guidance of $12.65–$13.35 EPS.

Cannell & Spears LLC lowered its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 3.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 125,185 shares of the construction company's stock after selling 4,616 shares during the quarter. Quanta Services comprises approximately 1.0% of Cannell & Spears LLC's portfolio, making the stock its 24th largest holding. Cannell & Spears LLC owned approximately 0.08% of Quanta Services worth $51,879,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PWR. Darwin Wealth Management LLC bought a new position in Quanta Services in the 2nd quarter worth about $26,000. Activest Wealth Management boosted its position in shares of Quanta Services by 94.1% during the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company's stock valued at $27,000 after acquiring an additional 32 shares during the last quarter. Cornerstone Planning Group LLC boosted its position in shares of Quanta Services by 213.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company's stock valued at $30,000 after acquiring an additional 49 shares during the last quarter. Berbice Capital Management LLC purchased a new position in shares of Quanta Services during the second quarter worth about $38,000. Finally, GPS Wealth Strategies Group LLC bought a new position in shares of Quanta Services in the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 90.49% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PWR. Truist Financial reiterated a "buy" rating and set a $643.00 target price (up from $548.00) on shares of Quanta Services in a research report on Friday, February 20th. B. Riley Financial increased their price target on shares of Quanta Services from $450.00 to $565.00 and gave the stock a "neutral" rating in a report on Friday, February 20th. Wolfe Research raised their price objective on shares of Quanta Services from $477.00 to $576.00 and gave the company an "outperform" rating in a research report on Friday, February 20th. Robert W. Baird upped their target price on shares of Quanta Services from $490.00 to $606.00 and gave the stock an "outperform" rating in a research report on Friday, February 20th. Finally, UBS Group increased their target price on Quanta Services from $518.00 to $646.00 and gave the company a "buy" rating in a research note on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Quanta Services has an average rating of "Moderate Buy" and an average price target of $576.55.

Quanta Services Trading Down 1.5%

PWR stock opened at $558.55 on Friday. The company has a market capitalization of $83.57 billion, a PE ratio of 82.14, a price-to-earnings-growth ratio of 2.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $576.86. The company's 50 day moving average price is $504.26 and its two-hundred day moving average price is $452.91.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.02 by $0.14. The company had revenue of $7.84 billion during the quarter, compared to analysts' expectations of $7.38 billion. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The firm's revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

About Quanta Services

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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