Quanta Services, Inc. $PWR Holdings Trimmed by Congress Asset Management Co.

Key Points

• Congress Asset Management trimmed its stake in Quanta by 9.4%, selling 18,461 shares and retaining 177,684 shares worth about $74.99 million (≈0.12% of the company).
• Quanta beat Q4 expectations—$3.16 EPS vs. $3.02 estimate and $7.84B revenue (up 19.7% YoY)—and set FY 2026 guidance of 12.65–13.35 EPS.
• The stock carries a high valuation (market cap ≈$85.0B, P/E ~83.6) and has a consensus Moderate Buy rating with an average target of $576.55 after multiple price-target increases.

Congress Asset Management Co. lowered its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 9.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 177,684 shares of the construction company's stock after selling 18,461 shares during the period. Congress Asset Management Co. owned approximately 0.12% of Quanta Services worth $74,993,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PWR. Brighton Jones LLC acquired a new position in Quanta Services during the fourth quarter valued at $298,000. Woodline Partners LP grew its stake in Quanta Services by 40.7% during the 1st quarter. Woodline Partners LP now owns 12,471 shares of the construction company's stock valued at $3,170,000 after acquiring an additional 3,606 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Quanta Services by 2.4% in the 2nd quarter. Franklin Resources Inc. now owns 431,699 shares of the construction company's stock valued at $163,217,000 after purchasing an additional 10,085 shares during the period. American Century Companies Inc. lifted its position in shares of Quanta Services by 4.9% in the second quarter. American Century Companies Inc. now owns 169,681 shares of the construction company's stock worth $64,153,000 after purchasing an additional 7,934 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Quanta Services by 2.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 902,031 shares of the construction company's stock worth $341,040,000 after purchasing an additional 18,728 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.

Quanta Services Stock Performance

PWR stock opened at $568.29 on Tuesday. The firm has a 50 day moving average of $521.04 and a two-hundred day moving average of $461.52. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $583.73. The company has a market capitalization of $85.03 billion, a price-to-earnings ratio of 83.57, a P/E/G ratio of 2.52 and a beta of 1.10. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR - Get Free Report) last released 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 business had revenue of $7.84 billion for the quarter, compared to the consensus estimate of $7.38 billion. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. Quanta Services's revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, equities analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services's payout ratio is currently 6.47%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Mizuho boosted their price objective on shares of Quanta Services from $424.00 to $537.00 and gave the company a "neutral" rating in a research report on Tuesday, February 24th. B. Riley Financial lifted their target price on shares of Quanta Services from $450.00 to $565.00 and gave the company a "neutral" rating in a research note on Friday, February 20th. Sanford C. Bernstein boosted their price target on shares of Quanta Services from $471.00 to $515.00 and gave the company a "market perform" rating in a report on Tuesday, February 24th. The Goldman Sachs Group increased their price objective on Quanta Services from $495.00 to $685.00 and gave the stock a "buy" rating in a report on Tuesday, February 24th. Finally, Citigroup lifted their price objective on Quanta Services from $540.00 to $640.00 and gave the company a "buy" rating in a research report on Friday, February 20th. Seventeen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $576.55.

About Quanta Services

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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