First Trust Advisors LP Boosts Stake in Quanta Services, Inc. $PWR

Key Points

• First Trust Advisors LP increased its Quanta Services stake by 18.3% in the first quarter, ending with 1,003,917 shares valued at about $551.2 million.
• Quanta Services reported strong quarterly results, with EPS of $2.68 beating estimates and revenue of $7.87 billion topping expectations; revenue also rose 26.3% year over year.
• Analysts remain generally constructive, with several price-target increases and a consensus target of $745.55, while the company also authorized a $1 billion share buyback and paid a quarterly dividend.

First Trust Advisors LP grew its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 18.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,003,917 shares of the construction company's stock after acquiring an additional 155,529 shares during the quarter. First Trust Advisors LP owned about 0.67% of Quanta Services worth $551,170,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Cedar Mountain Advisors LLC increased its position in Quanta Services by 321.4% during the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company's stock worth $25,000 after purchasing an additional 45 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in Quanta Services during the second quarter valued at approximately $26,000. Flagship Harbor Advisors LLC purchased a new stake in Quanta Services during the fourth quarter worth approximately $28,000. MV Capital Management Inc. acquired a new stake in shares of Quanta Services in the fourth quarter worth $30,000. Finally, Meeder Asset Management Inc. raised its stake in shares of Quanta Services by 221.7% in the 4th quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company's stock valued at $31,000 after acquiring an additional 51 shares during the period. 90.49% of the stock is owned by institutional investors and hedge funds.

Key Quanta Services News

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

• Positive Sentiment: Quanta was named the 2026 Top U.S. Solar Solutions Provider by Solar Power World for the third time in four years, highlighting its leadership in solar project execution and its ability to win large renewable-energy contracts. Quanta Services Named 2026 Top U.S. Solar Solutions Provider by Solar Power World
• Positive Sentiment: Analysts and investors are pointing to Quanta’s execution certainty as a competitive advantage, especially as utilities and technology customers ramp up spending on large, complex infrastructure projects. Can Quanta's Execution Certainty Strengthen Its Competitive Position?
• Positive Sentiment: JPMorgan reaffirmed a Neutral rating but set a $714 price target, which is above the current share price and suggests upside if execution remains strong. JPMorgan rating update via Benzinga
• Neutral Sentiment: Market commentary noted that PWR has outpaced the broader market in the latest session, reflecting continued investor interest but not a new fundamental catalyst. Quanta Services (PWR) Outpaces Stock Market Gains: What You Should Know
• Neutral Sentiment: One article argued the stock may look pricey on cash flow and earnings, which could limit near-term upside if valuation concerns gain traction. Quanta Services (PWR) Stock Looks Pricey On Cash Flow And Earnings
• Neutral Sentiment: NZS Capital said it strengthened its position in Quanta in a quarterly letter, but the note was broader portfolio commentary rather than a company-specific catalyst. NZS Capital Quanta Services position update

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Quanta Services from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Truist Financial raised their price objective on Quanta Services from $851.00 to $940.00 and gave the company a "buy" rating in a research report on Thursday, July 2nd. BMO Capital Markets boosted their price objective on Quanta Services from $650.00 to $800.00 and gave the stock an "outperform" rating in a research note on Friday, May 1st. Sanford C. Bernstein increased their target price on Quanta Services from $538.00 to $725.00 and gave the company a "market perform" rating in a research note on Tuesday, May 5th. Finally, Zacks Research downgraded Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Seventeen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $745.55.

Insider Buying and Selling

In other news, CAO Paul Nobel sold 4,000 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $756.98, for a total transaction of $3,027,920.00. Following the completion of the transaction, the chief accounting officer directly owned 8,080 shares in the company, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the firm's stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the sale, the chief executive officer directly owned 16,508 shares of the company's stock, valued at $12,722,880.68. The trade was a 61.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 159,992 shares of company stock valued at $123,244,714. 0.60% of the stock is owned by insiders.

Quanta Services Stock Performance

Quanta Services stock opened at $638.74 on Wednesday. Quanta Services, Inc. has a 12-month low of $363.01 and a 12-month high of $788.75. The company has a market capitalization of $95.85 billion, a price-to-earnings ratio of 87.62, a price-to-earnings-growth ratio of 2.49 and a beta of 1.21. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09. The firm's fifty day moving average price is $698.00 and its 200 day moving average price is $602.38.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, beating analysts' consensus estimates of $2.04 by $0.64. The company had revenue of $7.87 billion during the quarter, compared to analysts' expectations of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The firm's revenue for the quarter was up 26.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, research analysts forecast that Quanta Services, Inc. will post 12.8 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Wednesday, July 1st were issued a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services's dividend payout ratio is currently 6.04%.

Quanta Services declared that its Board of Directors has authorized a stock buyback program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in 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 generally an indication that the company's board of directors believes its shares are undervalued.

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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