New York State Teachers Retirement System Decreases Stock Holdings in Quanta Services, Inc. $PWR

Key Points

• New York State Teachers Retirement System cut its stake by 1.6% in Quanta Services to 121,952 shares, selling 1,996 shares and leaving a holding worth roughly $51.47 million (about 0.08% of the company).
• Quanta reported record Q1 results—$7.87 billion in revenue and $2.68 adjusted EPS—raised FY‑2026 guidance, and saw multiple broker price‑target increases, helping push the stock toward its 1‑year high near $742.
• Institutional ownership is very high at ~90.5%, and analyst coverage is broadly positive with 18 Buys vs. 7 Holds and a consensus price target around $650.73.

New York State Teachers Retirement System cut its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 1.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 121,952 shares of the construction company's stock after selling 1,996 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Quanta Services worth $51,471,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Darwin Wealth Management LLC acquired a new position in shares of Quanta Services in the second quarter worth about $26,000. Activest Wealth Management boosted its stake 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 buying an additional 32 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Quanta Services during the fourth quarter worth approximately $28,000. Cornerstone Planning Group LLC raised its holdings in Quanta Services by 213.0% in the third 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 in the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new position in Quanta Services during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 90.49% of the company's stock.

Quanta Services News Roundup

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

• Positive Sentiment: Record Q1 results and guidance lift — Quanta reported $7.87B revenue and adjusted EPS $2.68 (well above estimates), disclosed record backlog/RPO and raised FY‑2026 guidance to $13.55–$14.25 EPS and ~$34.7–$35.2B revenue; this operational beat and higher outlook underpin the rally. PR Newswire: Q1 Results
• Positive Sentiment: Top-line and execution coverage — multiple outlets highlight the EPS/revenue beat and raised outlook, signaling broad market recognition of stronger infrastructure demand and margin improvement. Zacks: Q1 Earnings Top Estimates
• Positive Sentiment: Major broker upgrades/target hikes — Several firms raised price targets and kept/added outperform/overweight ratings (BMO to $800, Evercore to $800, JPMorgan to $805, Robert W. Baird to $777). These increases endorse the company’s growth trajectory and likely attract additional demand for the stock. MarketScreener: BMO MarketScreener: Evercore MarketScreener: JPMorgan
• Neutral Sentiment: Market commentary and transcript coverage — Coverage from The Motley Fool, Seeking Alpha and other outlets explains the rally and details from the earnings call; useful for context but less likely to move price than hard results or broker actions. Fool: Why Quanta Is Powering Higher Seeking Alpha: Q1 Call Transcript
• Negative Sentiment: One dissenting analyst view — Mizuho raised its target to $693 but kept a neutral rating; that PT sits below the current share price and could temper gains if investors focus on that lower valuation. MarketScreener: Mizuho

Wall Street Analysts Forecast Growth

PWR has been the subject of several research analyst reports. B. Riley Financial reissued a "neutral" rating on shares of Quanta Services in a report on Friday. DA Davidson raised their price target on shares of Quanta Services from $450.00 to $575.00 and gave the stock a "neutral" rating in a research report on Friday, February 20th. Wall Street Zen raised shares of Quanta Services from a "hold" rating to a "buy" rating in a research report on Saturday. Jefferies Financial Group increased their price target on Quanta Services from $634.00 to $654.00 and gave the stock a "buy" rating in a research report on Thursday, April 2nd. Finally, Roth Mkm upped their price objective on Quanta Services from $600.00 to $650.00 and gave the stock a "buy" rating in a research note on Monday, April 6th. Eighteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $650.73.

Quanta Services Stock Performance

PWR opened at $741.44 on Friday. Quanta Services, Inc. has a 1-year low of $315.00 and a 1-year high of $742.33. The company has a market capitalization of $111.26 billion, a price-to-earnings ratio of 109.04, a price-to-earnings-growth ratio of 3.30 and a beta of 1.24. The business has a 50 day moving average price of $578.99 and a two-hundred day moving average price of $497.61. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.64. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The business had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7 billion. During the same quarter in the prior year, the firm posted $1.78 earnings per share. The company's revenue was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Research analysts predict that Quanta Services, Inc. will post 11.97 EPS for the current fiscal year.

Quanta Services Announces Dividend

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

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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