D.A. Davidson & CO. Decreases Position in Quanta Services, Inc. $PWR

Key Points

• D.A. Davidson & CO. reduced its stake in Quanta Services by 3.3% in Q4, selling 1,643 shares and ending the quarter with 47,880 shares valued at about $20.21 million; institutional investors hold 90.49% of the stock.
• Several analysts raised price targets and ratings—Goldman Sachs, Truist, UBS and JPMorgan among them—leaving the consensus as a Moderate Buy with an average price target of $603.23.
• Quanta beat estimates last quarter with $3.16 EPS on $7.84 billion in revenue and set FY2026 guidance of $12.65–$13.35 EPS, while analysts project roughly $11.97 EPS for the current fiscal year.

D.A. Davidson & CO. lowered its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,880 shares of the construction company's stock after selling 1,643 shares during the quarter. D.A. Davidson & CO.'s holdings in Quanta Services were worth $20,208,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Quanta Services by 2.2% in the third quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company's stock valued at $7,519,079,000 after buying an additional 386,937 shares in the last quarter. State Street Corp grew its holdings in Quanta Services by 1.2% during the 3rd quarter. State Street Corp now owns 6,080,747 shares of the construction company's stock valued at $2,519,983,000 after purchasing an additional 73,460 shares in the last quarter. Bank of America Corp DE grew its holdings in Quanta Services by 35.6% during the 3rd quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company's stock valued at $1,208,672,000 after purchasing an additional 765,822 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Quanta Services by 8.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,156,578 shares of the construction company's stock valued at $893,139,000 after purchasing an additional 174,083 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Quanta Services by 5.4% during the 3rd quarter. Invesco Ltd. now owns 1,805,239 shares of the construction company's stock valued at $748,127,000 after purchasing an additional 93,290 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PWR shares. The Goldman Sachs Group raised their price target on shares of Quanta Services from $495.00 to $685.00 and gave the company a "buy" rating in a report on Tuesday, February 24th. Truist Financial raised their price target on shares of Quanta Services from $643.00 to $713.00 and gave the company a "buy" rating in a report on Monday, April 20th. UBS Group raised their price target on shares of Quanta Services from $518.00 to $646.00 and gave the company a "buy" rating in a report on Friday, February 20th. DA Davidson raised their price objective on Quanta Services from $450.00 to $575.00 and gave the company a "neutral" rating in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. raised their price objective on Quanta Services from $515.00 to $627.00 and gave the company an "overweight" rating in a research note on Friday, February 20th. Eighteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Quanta Services has an average rating of "Moderate Buy" and an average price target of $603.23.

Quanta Services Price Performance

Shares of PWR stock opened at $637.82 on Tuesday. The firm has a market cap of $95.71 billion, a P/E ratio of 93.80, a P/E/G ratio of 2.83 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. Quanta Services, Inc. has a 1-year low of $281.17 and a 1-year high of $640.61. The firm has a fifty day moving average of $571.22 and a two-hundred day moving average of $493.56.

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 for the quarter, topping the consensus estimate of $3.02 by $0.14. The company had revenue of $7.84 billion during the quarter, compared to analyst estimates 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 for the quarter was up 19.7% compared to the same quarter last year. During the same period last year, the business earned $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, research analysts anticipate that Quanta Services, Inc. will post 11.97 earnings per share 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 given a $0.11 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services's dividend payout ratio (DPR) is presently 6.47%.

Quanta Services Company 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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