Quanta Services, Inc. $PWR Shares Sold by Sigma Planning Corp

Key Points

• Sigma Planning Corp. reduced its Quanta Services stake by 58.2% in the third quarter, selling 2,493 shares and retaining 1,787 shares valued at approximately $1.15 million. Institutional investors collectively own 90.49% of the company.
• Quanta reported record third-quarter results, with adjusted EPS of $6.06 and revenue of $12.01 billion, surpassing analyst estimates by substantial margins. Management raised its 2026 outlook and cited a $63.7 billion backlog and $41.8 billion in remaining performance obligations.
• The stock opened at $632.79 and trades at a relatively high price-to-earnings ratio of 72.48. Despite valuation concerns and some analyst downgrades, the consensus rating remains “Moderate Buy,” with an average price target of $764.46.

Sigma Planning Corp decreased its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 58.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,787 shares of the construction company's stock after selling 2,493 shares during the period. Sigma Planning Corp's holdings in Quanta Services were worth $1,148,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Cornerstone Financial Management LLC raised its stake in shares of Quanta Services by 70.4% in the 2nd quarter. Cornerstone Financial Management LLC now owns 46 shares of the construction company's stock valued at $33,000 after purchasing an additional 19 shares in the last quarter. Boreal Capital Management LLC acquired a new position in Quanta Services in the first quarter worth $27,000. JNBA Financial Advisors raised its holdings in shares of Quanta Services by 1,733.3% during the second quarter. JNBA Financial Advisors now owns 55 shares of the construction company's stock worth $40,000 after purchasing an additional 52 shares during the period. Markowski Investments acquired a new position in shares of Quanta Services in the 2nd quarter valued at about $55,000. Finally, SJS Investment Consulting Inc. grew its position in shares of Quanta Services by 100.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 82 shares of the construction company's stock valued at $45,000 after buying an additional 41 shares during the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Quanta Services

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

• Positive Sentiment: Record earnings beat expectations. Third-quarter adjusted EPS was $6.06 versus the $5.02 consensus estimate, while revenue reached a record $12.01 billion, well above estimates of $11.03 billion and 57.4% higher than a year earlier. GAAP EPS was $4.55, compared with $2.24 in the prior-year quarter. Quanta Services Reports Third Quarter 2026 Results
• Positive Sentiment: Management raised its full-year outlook. Quanta now expects 2026 revenue of approximately $41.3 billion to $41.6 billion and diluted EPS of $12.57 to $12.97, reflecting stronger operating performance and demand. PWR Q3 Earnings Beat on Electric Strength, 2026 View Raised
• Positive Sentiment: Visibility remains strong. Total backlog increased to $63.7 billion and remaining performance obligations reached $41.8 billion. Operating cash flow was $1.5 billion and free cash flow was $1.2 billion, supporting confidence in execution and cash generation. Quanta Services Delivers Record Q3 Results, Raises Outlook
• Neutral Sentiment: The company completed two acquisitions for roughly $245 million, potentially expanding capabilities but also adding integration demands and capital commitments. Management’s earnings call emphasized sustained electric-infrastructure demand as a primary growth driver. Quanta Services Q3 2026 Earnings Call Summary
• Negative Sentiment: At roughly 72 times earnings, the stock carries a demanding valuation, leaving less room for execution shortfalls. Separately, reported insider activity showed substantial selling and no insider purchases over the past six months, a potential sentiment overhang, though it does not change the quarter’s strong fundamentals. Quanta Services Posts Third-Quarter Results

Quanta Services Price Performance

Shares of Quanta Services stock opened at $632.79 on Friday. Quanta Services, Inc. has a 52 week low of $408.36 and a 52 week high of $788.75. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. The stock has a market cap of $95.13 billion, a PE ratio of 72.48, a price-to-earnings-growth ratio of 1.79 and a beta of 1.27. The company's 50-day moving average price is $633.61 and its two-hundred day moving average price is $622.23.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The construction company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.02 by $1.04. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The company had revenue of $12.01 billion for the quarter, compared to analysts' expectations of $11.03 billion. During the same quarter in the previous year, the company posted $3.33 EPS. The business's revenue was up 57.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Quanta Services, Inc. will post 15.36 EPS for the current fiscal year.

Quanta Services Announces Dividend

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

Analyst Upgrades and Downgrades

PWR has been the subject of a number of recent research reports. Wall Street Zen downgraded Quanta Services from a "buy" rating to a "hold" rating in a research note on Saturday, September 12th. Piper Sandler decreased their target price on shares of Quanta Services from $731.00 to $714.00 and set an "overweight" rating for the company in a research report on Monday, September 28th. Raymond James Financial set a $830.00 price objective on Quanta Services in a research report on Thursday. Zacks Research cut Quanta Services from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. Finally, Argus set a $800.00 price objective on shares of Quanta Services in a report on Wednesday, August 5th. Twenty-three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $764.46.

Quanta Services 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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