Quanta Services, Inc. $PWR is Chelsea Counsel Co.'s 7th Largest Position

Key Points

• Chelsea Counsel Co. cut its Quanta Services position by 12.7% in the first quarter, but PWR remains the fund’s seventh-largest holding at 3.7% of its portfolio. Institutional investors and hedge funds collectively own 90.49% of the company.
• Quanta delivered a strong second quarter: adjusted EPS was $4.24 versus the $3.31 consensus, while revenue rose 41.1% year over year to $9.56 billion. Record backlog of $53.4 billion and raised 2026 guidance point to continued demand for infrastructure services.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $752.78, though valuation remains elevated with a P/E ratio above 75. The company also approved a $1 billion share-repurchase plan and pays a modest $0.11 quarterly dividend.

Chelsea Counsel Co. reduced its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 12.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,563 shares of the construction company's stock after selling 2,270 shares during the period. Quanta Services accounts for about 3.7% of Chelsea Counsel Co.'s holdings, making the stock its 7th biggest holding. Chelsea Counsel Co.'s holdings in Quanta Services were worth $8,545,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of PWR. Cedar Mountain Advisors LLC increased its holdings in shares of Quanta Services by 321.4% during the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company's stock worth $25,000 after buying an additional 45 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in Quanta Services in the second quarter valued at approximately $26,000. Boreal Capital Management LLC acquired a new position in Quanta Services in the first quarter valued at approximately $27,000. Flagship Harbor Advisors LLC purchased a new position in Quanta Services in the fourth quarter worth approximately $28,000. Finally, MV Capital Management Inc. acquired a new stake in Quanta Services during the fourth quarter worth $30,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Quanta Services

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

• Positive Sentiment: Q2 earnings and revenue beat estimates. Quanta reported adjusted diluted EPS of $4.24, versus consensus estimates near $3.30, while revenue reached $9.56 billion compared with expectations of approximately $8.6 billion. Revenue increased 41.1% from the prior year, and adjusted EBITDA rose to $1.1 billion. Quanta Services Reports Second Quarter 2026 Results
• Positive Sentiment: Record backlog supports future growth. Total backlog reached $53.4 billion, including $33.6 billion in remaining performance obligations. Management cited broad infrastructure demand, electric-sector strength and acquisitions as key growth drivers. Operating cash flow was a record $1.1 billion, with free cash flow of $0.9 billion. Quanta Services Q2 Earnings Call Highlights Growth and Backlog Strength
• Positive Sentiment: Quanta raised its 2026 financial expectations across metrics. The company now projects revenue of $39.3 billion to $39.7 billion and adjusted EPS of $16.45 to $16.95, both well above prior consensus expectations. The higher outlook signals management’s confidence that strong demand and execution will continue. Quanta Projects 2026 Revenue as Record Backlog Supports Raised Outlook
• Positive Sentiment: Guggenheim upgraded PWR to “buy” from “neutral” and assigned an $800 price target. The upgrade adds further positive momentum following the earnings report and reflects greater confidence in Quanta’s growth outlook. The Fly Analyst Update
• Negative Sentiment: Valuation remains elevated. With a reported price-to-earnings ratio above 90, PWR’s stock price already reflects substantial growth expectations. Any slowdown in infrastructure demand, execution problems or disappointment with future guidance could increase volatility.

Analyst Ratings Changes

Several brokerages have recently commented on PWR. Oppenheimer raised Quanta Services from a "market perform" rating to an "outperform" rating and set a $800.00 price target on the stock in a research note on Thursday, May 28th. BNP Paribas Exane started coverage on Quanta Services in a research report on Tuesday, April 14th. They set a "neutral" rating for the company. Guggenheim upgraded shares of Quanta Services from a "neutral" rating to a "buy" rating and set a $800.00 price objective on the stock in a report on Friday. Mizuho set a $645.00 target price on shares of Quanta Services in a research report on Monday, July 20th. Finally, Weiss Ratings cut shares of Quanta Services from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, July 20th. Nineteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $752.78.

Quanta Services Trading Up 0.1%

PWR opened at $667.83 on Monday. Quanta Services, Inc. has a 52 week low of $363.01 and a 52 week high of $788.75. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. The business has a fifty day simple moving average of $680.15 and a 200-day simple moving average of $613.49. The firm has a market cap of $100.40 billion, a P/E ratio of 76.50, a P/E/G ratio of 2.63 and a beta of 1.23.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. During the same quarter in the previous year, the business earned $2.48 EPS. The company's quarterly revenue was up 41.1% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, equities analysts expect that Quanta Services, Inc. will post 12.8 earnings per share for the current year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.11 per share. The ex-dividend date was Wednesday, July 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services's dividend payout ratio is 5.04%.

Quanta Services declared that its Board of Directors has approved a stock buyback plan on Friday, May 22nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Insider Activity

In other news, CEO Earl C. Jr. Austin sold 25,992 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the sale, the chief executive officer owned 16,508 shares of the company's stock, valued at approximately $12,722,880.68. This represents a 61.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company's stock.

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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