Gradient Investments LLC Reduces Stock Position in Quanta Services, Inc. $PWR

Key Points

• Gradient Investments reduced its Quanta Services position by 11.6% in the second quarter, selling 5,868 shares and retaining 44,518 shares valued at approximately $32.1 million. Institutional investors collectively own 90.49% of the company.
• Quanta Services reported strong quarterly results, with EPS of $4.24 beating estimates of $3.31 and revenue rising 41.1% year over year to $9.56 billion. The company set fiscal 2026 EPS guidance at $16.45–$16.95.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and a $767.21 target price, although Quanta’s elevated valuation is a risk. The company also authorized a $1 billion share buyback and pays a $0.11 quarterly dividend.

Gradient Investments LLC cut its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 11.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,518 shares of the construction company's stock after selling 5,868 shares during the period. Gradient Investments LLC's holdings in Quanta Services were worth $32,055,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cetera Investment Advisers lifted its stake in Quanta Services by 5.8% in the 1st quarter. Cetera Investment Advisers now owns 74,134 shares of the construction company's stock worth $40,701,000 after purchasing an additional 4,087 shares in the last quarter. Evoke Wealth LLC purchased a new position in shares of Quanta Services during the 4th quarter valued at $368,000. Sequoia Financial Advisors LLC increased its holdings in shares of Quanta Services by 3.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 130,436 shares of the construction company's stock worth $55,052,000 after purchasing an additional 3,966 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Quanta Services by 9.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,602 shares of the construction company's stock worth $21,357,000 after buying an additional 4,568 shares in the last quarter. Finally, Lebenthal Global Advisors LLC raised its position in shares of Quanta Services by 9.8% in the fourth quarter. Lebenthal Global Advisors LLC now owns 9,277 shares of the construction company's stock worth $3,915,000 after buying an additional 830 shares in the last quarter. Institutional investors own 90.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Cantor Fitzgerald started coverage on Quanta Services in a research report on Friday, July 31st. They set an "outperform" rating for the company. Deutsche Bank Aktiengesellschaft cut Quanta Services to a "sell" rating in a report on Friday, July 31st. BNP Paribas Exane started coverage on Quanta Services in a report on Tuesday, April 14th. They set a "neutral" rating for the company. BTIG Research cut shares of Quanta Services to a "hold" rating in a research report on Friday, July 31st. Finally, BMO Capital Markets raised their target price on shares of Quanta Services from $650.00 to $800.00 and gave the company an "outperform" rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $767.21.

Quanta Services Stock Up 0.6%

PWR opened at $671.64 on Friday. Quanta Services, Inc. has a 12 month low of $363.01 and a 12 month high of $788.75. 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 business's 50-day moving average price is $675.30 and its 200-day moving average price is $620.40. The company has a market cap of $100.97 billion, a P/E ratio of 76.93, a P/E/G ratio of 2.20 and a beta of 1.23.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.93. The business had revenue of $9.56 billion for the quarter, compared to analyst estimates of $8.61 billion. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.Quanta Services's revenue for the quarter was up 41.1% compared to the same quarter last year. During the same period last year, the company earned $2.48 EPS. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, equities analysts expect that Quanta Services, Inc. will post 15.33 EPS for the current year.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st were issued a $0.11 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services's dividend payout ratio (DPR) is currently 5.04%.

Quanta Services announced that its Board of Directors has authorized a stock buyback plan on Friday, May 22nd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to buy up to 0.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

More Quanta Services News

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

• Positive Sentiment: Analyst upgrade: Zacks Research upgraded Quanta Services from “hold” to “strong-buy,” adding a potential catalyst for the stock. Zacks.com
• Positive Sentiment: Higher 2026 outlook: Coverage highlights Quanta’s raised full-year revenue, earnings, adjusted EBITDA and free-cash-flow forecasts following better-than-expected second-quarter results. The company’s 2026 EPS guidance is $16.45-$16.95. How Quanta's Raised 2026 Outlook Could Reshape Its Growth Story Ahead
• Positive Sentiment: Secular demand remains strong: Analysts point to power-generation investment, record backlog and expanding infrastructure needs from utilities, power projects and data centers. Acquisitions are also broadening Quanta’s reach in these markets. Is Quanta's Raised 2026 Outlook Just the Start of a Bigger Story?
• Positive Sentiment: Growth profile attracts investors: Zacks commentary cites accelerating earnings, rising cash generation and strong growth characteristics, while separate analyst coverage remains bullish on PWR among industrial-goods stocks. 3 Reasons Growth Investors Will Love Quanta Services
• Neutral Sentiment: Comparisons with construction-sector peers suggest Quanta’s performance is being evaluated against broader industry trends; the coverage does not identify a new company-specific operational issue. Are Construction Stocks Lagging Quanta Services?
• Negative Sentiment: Valuation is a risk: Despite strong growth and infrastructure demand, PWR trades at a premium valuation, which could limit upside or increase volatility if growth expectations weaken. Is PWR a Buy Today as Growth Accelerates but Valuation Stays High

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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