HB Wealth Management LLC Lowers Stake in Quanta Services, Inc. $PWR

Key Points

• HB Wealth Management LLC cut its stake in Quanta Services by 15.8% in Q4, selling 4,112 shares and holding 21,873 shares valued at about $9.23 million.
• Quanta posted a quarterly EPS beat ($3.16 vs. $3.02 est.) and revenue of $7.84 billion (+19.7% YoY), set FY2026 guidance of 12.65–13.35 EPS, and trades near its 12‑month high with a ~$95.2 billion market cap.
• Institutional investors own about 90.49% of the stock, and analysts are largely bullish (18 Buys vs. 7 Holds) with a consensus price target of $599 and a "Moderate Buy" rating.

HB Wealth Management LLC reduced its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 15.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,873 shares of the construction company's stock after selling 4,112 shares during the quarter. HB Wealth Management LLC's holdings in Quanta Services were worth $9,232,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Quanta Services by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company's stock worth $7,519,079,000 after acquiring an additional 386,937 shares in the last quarter. State Street Corp boosted its stake in shares of Quanta Services by 1.2% during the 3rd quarter. State Street Corp now owns 6,080,747 shares of the construction company's stock worth $2,519,983,000 after acquiring an additional 73,460 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of 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 worth $1,208,672,000 after acquiring an additional 765,822 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of 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 worth $893,139,000 after acquiring an additional 174,083 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Quanta Services by 5.4% during the 3rd quarter. Invesco Ltd. now owns 1,805,239 shares of the construction company's stock worth $748,127,000 after acquiring an additional 93,290 shares in the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Trading Up 3.4%

Shares of Quanta Services stock opened at $634.54 on Friday. The firm has a market capitalization of $95.22 billion, a PE ratio of 93.31, a P/E/G ratio of 2.78 and a beta of 1.10. Quanta Services, Inc. has a twelve month low of $272.00 and a twelve month high of $638.42. The firm's 50-day moving average price is $566.91 and its 200 day moving average price is $489.90. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, beating analysts' consensus estimates of $3.02 by $0.14. The firm had revenue of $7.84 billion for 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%. Quanta Services's quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the company posted $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, sell-side analysts predict that Quanta Services, Inc. will post 11.97 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, April 2nd. Quanta Services's dividend payout ratio (DPR) is 6.47%.

Analyst Upgrades and Downgrades

PWR has been the topic of several recent analyst reports. Citigroup increased their target price on shares of Quanta Services from $540.00 to $640.00 and gave the stock a "buy" rating in a research note on Friday, February 20th. Robert W. Baird increased their target price on shares of Quanta Services from $490.00 to $606.00 and gave the stock an "outperform" rating in a research note on Friday, February 20th. Bank of America increased their target price on shares of Quanta Services from $500.00 to $610.00 and gave the stock a "buy" rating in a research note on Friday, February 20th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Quanta Services in a research note on Friday, April 10th. Finally, Sanford C. Bernstein raised their price target on shares of Quanta Services from $515.00 to $538.00 in a research note on Wednesday, April 1st. Eighteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $599.00.

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.

Want to see what other hedge funds are holding PWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quanta Services, Inc. (NYSE:PWR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.