Principal Financial Group Inc. Sells 26,823 Shares of Quanta Services, Inc. $PWR

Key Points

• Principal Financial Group reduced its stake in Quanta Services by 13.7% in the fourth quarter, selling 26,823 shares and leaving it with 169,081 shares valued at about $71.4 million.
• Quanta Services reported a strong quarter, with EPS of $2.68 and revenue of $7.87 billion, both ahead of analyst expectations. The company also set FY2026 EPS guidance of $13.55 to $14.25.
• Despite the positive operating results and bullish analyst sentiment, the stock has seen notable insider selling, including large sales by the CAO and CEO, which may raise near-term caution for investors.

Principal Financial Group Inc. lessened its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 13.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,081 shares of the construction company's stock after selling 26,823 shares during the period. Principal Financial Group Inc. owned about 0.11% of Quanta Services worth $71,362,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Darwin Wealth Management LLC bought a new position in shares of Quanta Services in the second quarter worth about $26,000. Activest Wealth Management lifted its holdings in 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 in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Quanta Services in the 4th quarter valued at about $28,000. Cornerstone Planning Group LLC grew its stake in Quanta Services by 213.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company's stock worth $30,000 after acquiring an additional 49 shares in the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of Quanta Services during the fourth quarter worth approximately $34,000. 90.49% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CAO Paul Nobel sold 4,000 shares of the company's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $756.98, for a total transaction of $3,027,920.00. Following the transaction, the chief accounting officer directly owned 8,080 shares of the company's stock, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the firm's stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $770.71, for a total value of $20,032,294.32. Following the completion of the sale, the chief executive officer directly owned 16,508 shares of the company's stock, valued at $12,722,880.68. The trade was a 61.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 159,992 shares of company stock valued at $123,244,714 in the last three months. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PWR has been the subject of a number of research reports. DA Davidson boosted their price target on Quanta Services from $450.00 to $575.00 and gave the company a "neutral" rating in a report on Friday, February 20th. The Goldman Sachs Group lifted their target price on Quanta Services from $685.00 to $826.00 and gave the company a "buy" rating in a research report on Monday. Robert W. Baird increased their price target on Quanta Services from $606.00 to $777.00 and gave the stock an "outperform" rating in a research report on Friday, May 1st. Argus raised their price target on Quanta Services from $540.00 to $650.00 and gave the company a "buy" rating in a research note on Tuesday, February 24th. Finally, Cantor Fitzgerald upped their price objective on shares of Quanta Services from $520.00 to $630.00 and gave the stock an "overweight" rating in a research note on Friday, February 20th. Seventeen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $695.73.

Quanta Services Trading Down 4.5%

Shares of NYSE:PWR opened at $750.22 on Friday. The company has a market capitalization of $112.58 billion, a PE ratio of 102.91, a P/E/G ratio of 2.62 and a beta of 1.24. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57. Quanta Services, Inc. has a 12-month low of $320.56 and a 12-month high of $788.75. The business's fifty day simple moving average is $591.73 and its 200-day simple moving average is $505.56.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, beating analysts' consensus estimates of $2.04 by $0.64. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The company had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7 billion. During the same quarter last year, the company earned $1.78 earnings per share. The firm's revenue for the quarter was up 26.3% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, equities research analysts predict that Quanta Services, Inc. will post 13.2 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

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 dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Thursday, April 2nd. Quanta Services's payout ratio is 6.04%.

Quanta Services News Summary

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

• Positive Sentiment: Company raised its 2026 outlook and cited a record infrastructure backlog, which underpins revenue/earnings visibility and was the main catalyst for the recent rally. Quanta Services (PWR) Is Up 22.3% After Raising 2026 Outlook On Record Infrastructure Backlog - What's Changed
• Positive Sentiment: Record Q1 results — revenue of $7.87B and EPS beat; management set FY2026 EPS guidance of $13.55–$14.25, improving forward earnings clarity. Quanta Services (PWR) Reports Record Q1 2026 Revenue of $7.87B
• Positive Sentiment: Analyst bullishness: Jefferies raised its price target to $857 and other brokers (TD Cowen, Citigroup, etc.) have reiterated positive views — these upgrades can attract additional institutional demand. Jefferies Adjusts Price Target on Quanta Services to $857
• Neutral Sentiment: Stock has climbed ~36% in the past month following Q1 results — momentum may persist but raises risk of short‑term consolidation. Quanta Stock Climbs 36% in a Month: Should You Buy Now or Wait?
• Neutral Sentiment: Thematic support from AI/data‑center and energy grid modernization stories is adding longer‑term demand tailwinds, but these are multi‑quarter fundamentals rather than immediate catalysts. The Real AI Trade May Not Be Software. It May Be Power Equipment
• Neutral Sentiment: Sanford C. Bernstein raised its price target to $725 but stayed at "market perform," a mixed signal that tempers some upside expectations. Bernstein Adjusts PT on Quanta Services to $725
• Negative Sentiment: Large insider selling by the CEO — filings show sizable block sales (including a 130,000‑share sale reported May 5) totaling material dollar amounts; such sales can trigger short‑term selling pressure or investor concern. SEC Filing: CEO Insider Sale
• Negative Sentiment: CAO Paul Nobel sold 4,000 shares (disclosed May 4) — additional insider sales add to near‑term caution despite being potentially routine. SEC Filing: CAO Insider Sale

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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