Quanta Services, Inc. $PWR Shares Sold by Nissay Asset Management Corp Japan

Key Points

• Nissay Asset Management cut its Quanta Services stake by 56% in the second quarter, selling 56,790 shares and retaining 44,595 shares valued at approximately $32.1 million. Institutional investors collectively own 90.49% of PWR.
• Quanta Services reported strong quarterly results, with EPS of $4.24 versus the $3.31 consensus estimate and revenue of $9.56 billion, up 41.1% year over year. The company issued fiscal 2026 EPS guidance of $16.45 to $16.95.
• The company authorized a $1 billion share buyback, while analysts maintained a “Moderate Buy” consensus and an average price target of $769.25, despite shares opening at $603.18.

Nissay Asset Management Corp Japan reduced its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 56.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,595 shares of the construction company's stock after selling 56,790 shares during the quarter. Nissay Asset Management Corp Japan's holdings in Quanta Services were worth $32,110,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Cedar Mountain Advisors LLC grew its holdings in Quanta Services by 321.4% during the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company's stock valued at $25,000 after buying an additional 45 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in Quanta Services during the second quarter worth $26,000. Boreal Capital Management LLC acquired a new position in shares of Quanta Services in the first quarter worth $27,000. MV Capital Management Inc. purchased a new stake in shares of Quanta Services in the fourth quarter valued at $30,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of Quanta Services by 221.7% during the fourth quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company's stock valued at $31,000 after acquiring an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company's stock.

Quanta Services Stock Performance

NYSE PWR opened at $603.18 on Friday. The business's 50-day moving average price is $661.49 and its 200 day moving average price is $639.21. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a twelve month low of $363.01 and a twelve month high of $788.75. The company has a market capitalization of $90.68 billion, a PE ratio of 69.09, a price-to-earnings-growth ratio of 2.04 and a beta of 1.23.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 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 company had revenue of $9.56 billion during the quarter, compared to analysts' expectations of $8.61 billion. During the same quarter in the previous year, the business earned $2.48 EPS. The firm's revenue was up 41.1% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, research analysts predict that Quanta Services, Inc. will post 15.35 earnings per share for the current year.

Quanta Services declared that its board has authorized a share buyback program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to buy up to 0.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts recently weighed in on PWR shares. BTIG Research downgraded shares of Quanta Services to a "hold" rating in a research note on Friday, July 31st. Mizuho raised their price target on shares of Quanta Services from $659.00 to $741.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. BMO Capital Markets lifted their price target on shares of Quanta Services from $650.00 to $800.00 and gave the stock an "outperform" rating in a report on Friday, May 1st. Argus set a $800.00 price objective on shares of Quanta Services in a research report on Wednesday, August 5th. Finally, TD Cowen raised their target price on shares of Quanta Services from $775.00 to $785.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $769.25.

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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