Partners Wealth Management LLC Makes New Investment in Quanta Services, Inc. $PWR

Key Points

• Partners Wealth Management acquired 1,996 Quanta Services shares worth approximately $1.28 million during the third quarter. Institutional investors collectively own 90.49% of PWR, with several other funds also increasing their stakes.
• Quanta Services reported strong third-quarter results, with revenue rising 57.4% year over year to $12.01 billion and adjusted EPS of $6.06, beating analyst estimates. Record backlog of $63.7 billion supported management’s decision to raise its 2026 revenue and earnings outlook.
• Despite strong fundamentals, analysts’ views are mixed: PWR has a “Moderate Buy” consensus rating and a $766.62 target price, while valuation concerns, insider selling and recent trading near its 200-day moving average could limit near-term upside.

Partners Wealth Management LLC acquired a new position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,996 shares of the construction company's stock, valued at approximately $1,282,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Soltis Investment Advisors LLC raised its position in shares of Quanta Services by 22.0% during the third quarter. Soltis Investment Advisors LLC now owns 598 shares of the construction company's stock worth $384,000 after purchasing an additional 108 shares during the period. United Asset Strategies Inc. grew its position in shares of Quanta Services by 1.7% in the 3rd quarter. United Asset Strategies Inc. now owns 1,383 shares of the construction company's stock valued at $889,000 after purchasing an additional 23 shares during the period. Choreo LLC grew its position in shares of Quanta Services by 6.0% in the 3rd quarter. Choreo LLC now owns 8,201 shares of the construction company's stock valued at $5,269,000 after purchasing an additional 465 shares during the period. Childress Capital Advisors LLC increased its stake in Quanta Services by 51.3% during the 3rd quarter. Childress Capital Advisors LLC now owns 4,438 shares of the construction company's stock worth $2,851,000 after purchasing an additional 1,505 shares in the last quarter. Finally, North Dakota State Investment Board increased its stake in Quanta Services by 4.4% during the 3rd quarter. North Dakota State Investment Board now owns 4,571 shares of the construction company's stock worth $2,937,000 after purchasing an additional 192 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on PWR shares. Zacks Research downgraded shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. Jefferies Financial Group reiterated a "buy" rating and issued a $833.00 price target on shares of Quanta Services in a report on Thursday, August 13th. JPMorgan Chase & Co. downgraded shares of Quanta Services from an "overweight" rating to a "neutral" rating and set a $714.00 price objective for the company. in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft cut shares of Quanta Services to a "sell" rating in a research report on Friday, July 31st. Finally, BTIG Research lowered shares of Quanta Services to a "hold" rating in a research note on Friday, July 31st. Twenty-three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $766.62.

Quanta Services News Summary

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

• Positive Sentiment: Record results beat expectations. Quanta reported third-quarter revenue of $12.01 billion, up 57.4% year over year and above the $11.03 billion consensus estimate. Adjusted diluted EPS was $6.06, exceeding expectations of approximately $5.02-$5.03 and rising from $3.33 a year earlier. Quanta Services Reports Third Quarter 2026 Results
• Positive Sentiment: Demand and visibility remain strong. Electric infrastructure activity helped drive results, while total backlog reached a record $63.7 billion and remaining performance obligations totaled $41.8 billion. Operating cash flow was $1.5 billion and free cash flow was $1.2 billion. PWR Q3 Earnings Beat on Electric Strength
• Positive Sentiment: Management raised its 2026 outlook. The company now expects full-year revenue of $41.3 billion to $41.6 billion and diluted EPS of $12.57 to $12.97, reflecting confidence in continued infrastructure spending and execution.
• Neutral Sentiment: Technical momentum is mixed. Reports noted that PWR broke above its 200-day moving average, a potentially bullish signal, although the share price has since moved back near that level. Technical traders may view the move as either a confirmation of long-term strength or a possible “sell-the-news” setup. Quanta Services Shares Break Above 200-Day Moving Average
• Negative Sentiment: Valuation and insider selling may be limiting upside. PWR trades at roughly 71 times earnings, leaving the stock vulnerable to profit-taking even after the earnings beat. Separately, reported insider activity showed substantial selling and no insider purchases during the past six months, which may add to investor caution.

Quanta Services Stock Down 2.3%

Shares of Quanta Services stock opened at $620.50 on Friday. The business's 50 day simple moving average is $632.80 and its 200 day simple moving average is $623.16. Quanta Services, Inc. has a 52-week low of $408.36 and a 52-week high of $788.75. The firm has a market cap of $93.29 billion, a PE ratio of 56.20, a P/E/G ratio of 1.88 and a beta of 1.27. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.05 and a current ratio of 1.16.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The construction company reported $6.06 earnings per share for the quarter, topping analysts' consensus estimates of $5.02 by $1.04. The firm had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $11.03 billion. Quanta Services had a return on equity of 23.56% and a net margin of 4.51%. The business's revenue was up 57.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.33 EPS. On average, analysts predict that Quanta Services, Inc. will post 15.36 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, October 1st. Quanta Services's payout ratio is currently 5.04%.

Quanta Services Profile

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company designs, installs, repairs, maintains and upgrades essential infrastructure for the electric power, communications, pipeline, industrial and energy industries.

Its services include electric transmission and distribution construction, substation and renewable-energy infrastructure, storm restoration, fiber-optic and wireless communications networks, natural gas and pipeline construction, and related engineering and maintenance work.

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