Payden & Rygel Purchases New Stake in Quanta Services, Inc. $PWR

Payden & Rygel purchased a new position in Quanta Services, Inc. (NYSE:PWR - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,010 shares of the construction company's stock, valued at approximately $9,002,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp raised its stake in Quanta Services by 4.7% during the second quarter. State Street Corp now owns 6,581,807 shares of the construction company's stock valued at $4,739,164,000 after buying an additional 296,893 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Quanta Services by 3,657.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 221,485 shares of the construction company's stock worth $121,600,000 after acquiring an additional 215,591 shares during the last quarter. Corient Private Wealth LP increased its holdings in shares of Quanta Services by 731.3% during the second quarter. Corient Private Wealth LP now owns 210,091 shares of the construction company's stock valued at $151,273,000 after acquiring an additional 184,819 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Quanta Services by 5.4% during the first quarter. Bank of America Corp DE now owns 3,444,711 shares of the construction company's stock valued at $1,891,215,000 after acquiring an additional 175,184 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Quanta Services by 18.3% in the 1st quarter. First Trust Advisors LP now owns 1,003,917 shares of the construction company's stock worth $551,170,000 after purchasing an additional 155,529 shares during the last quarter. Institutional investors own 90.49% of the company's stock.

Key Quanta Services News

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.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PWR. JPMorgan Chase & Co. cut shares of Quanta Services from an "overweight" rating to a "neutral" rating and set a $714.00 price target on the stock. in a research note on Tuesday, July 21st. Citigroup raised their price objective on shares of Quanta Services from $871.00 to $882.00 and gave the company a "buy" rating in a research note on Friday. Raymond James Financial set a $830.00 target price on shares of Quanta Services in a report on Thursday. Jefferies Financial Group reaffirmed a "buy" rating and issued a $833.00 target price on shares of Quanta Services in a report on Thursday, August 13th. Finally, Piper Sandler dropped their target price on shares of Quanta Services from $731.00 to $714.00 and set an "overweight" rating on the stock in a research note on Monday, September 28th. Twenty-three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Quanta Services currently has an average rating of "Moderate Buy" and an average target price of $766.62.

Quanta Services Stock Down 2.3%

Shares of Quanta Services stock opened at $620.50 on Friday. Quanta Services, Inc. has a twelve month low of $408.36 and a twelve month high of $788.75. The company has a quick ratio of 1.05, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. The company's 50 day moving average is $632.80 and its 200 day moving average is $623.16. The company has a market cap of $93.29 billion, a price-to-earnings ratio of 56.20, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27.

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

Quanta Services Dividend Announcement

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

Quanta Services Company 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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