Quanta Services, Inc. $PWR Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management trimmed its stake in Quanta Services by 3.3% in Q4, selling 1,823 shares and leaving it with 53,353 shares valued at about $22.52 million per the latest 13F filing.
• Institutional ownership is very high at 90.49%, with major investors adding to positions (Vanguard owns ~18.14M shares and Bank of America increased its stake to ~2.92M shares), signaling broad institutional confidence.
• Quanta reported a strong quarter (Q1 EPS $2.68 vs. $2.04 expected; revenue $7.87B vs. $7.0B) and a $48.5B backlog, while analysts have raised targets (UBS $900, Jefferies $857) and consensus remains a “Moderate Buy” with an average target near $695.73.

Sumitomo Mitsui DS Asset Management Company Ltd lowered its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,353 shares of the construction company's stock after selling 1,823 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Quanta Services were worth $22,518,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in Quanta Services by 35.6% in the third quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company's stock valued at $1,208,672,000 after purchasing an additional 765,822 shares during the last quarter. Select Equity Group L.P. raised its stake in shares of Quanta Services by 69.3% during the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company's stock worth $384,554,000 after buying an additional 416,395 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Quanta Services by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company's stock worth $7,519,079,000 after buying an additional 386,937 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Quanta Services by 29.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 826,283 shares of the construction company's stock worth $342,428,000 after buying an additional 189,134 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Quanta Services by 29.9% in the 3rd quarter. First Trust Advisors LP now owns 812,748 shares of the construction company's stock valued at $336,819,000 after acquiring an additional 186,857 shares during the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PWR has been the subject of a number of research reports. BNP Paribas Exane began coverage on shares of Quanta Services in a research report on Tuesday, April 14th. They set a "neutral" rating for the company. Wall Street Zen upgraded shares of Quanta Services from a "hold" rating to a "buy" rating in a research report on Saturday. TD Cowen raised their price objective on shares of Quanta Services from $570.00 to $775.00 and gave the stock a "buy" rating in a research note on Monday. Evercore upped their target price on Quanta Services from $635.00 to $800.00 and gave the company an "outperform" rating in a research note on Friday, May 1st. Finally, Bank of America increased their target price on Quanta Services from $500.00 to $610.00 and gave the company a "buy" rating in a report on Friday, February 20th. Eighteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Quanta Services has an average rating of "Moderate Buy" and an average price target of $695.73.

Quanta Services News Roundup

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

• Positive Sentiment: Major buy-side upgrades and sizable target increases from Jefferies (to $857) signal stronger revenue/profit expectations and underpin upside. Jefferies Raises PT to $857
• Positive Sentiment: UBS raised its target to $900 (buy), a strong signal that brokers see continued upside tied to infrastructure and electrification spending. UBS Raises PT to $900
• Positive Sentiment: Goldman Sachs increased its PT to $826 and keeps a buy rating, supporting broader institutional confidence in Quanta’s growth runway. Goldman Raises PT to $826
• Positive Sentiment: TD Cowen reiterated a buy and issued a positive forecast (also recently raised its PT to $775), adding another buy-side endorsement. TD Cowen Keeps Buy Rating
• Positive Sentiment: Zacks highlights Quanta’s record $48.5 billion Q1 backlog and supply-chain investments, which materially boost revenue visibility and support another growth leg. Zacks on $48.5B Backlog
• Positive Sentiment: Industry pieces argue AI/data-center buildouts are driving heavy demand for substations, transformers and grid upgrades — a structural tailwind for Quanta. The Real AI Trade May Be Power Equipment
• Neutral Sentiment: Analyst consensus remains a "Moderate Buy" — supportive but not unanimous, implying some caution among brokers. Consensus Moderate Buy
• Neutral Sentiment: Investor-oriented features (Zacks, The Motley Fool) tout long-term growth potential; useful for sentiment but less immediately price-moving than fresh earnings/backlog or analyst PTs. Zacks Long-Term Take
• Negative Sentiment: Sanford C. Bernstein kept a "market perform" stance despite raising its PT to $725 — their view implies limited near-term upside (and even a slight drawback vs. the current price). Bernstein Raises PT but Keeps Market Perform

Quanta Services Price Performance

NYSE:PWR opened at $771.41 on Wednesday. Quanta Services, Inc. has a 12-month low of $315.45 and a 12-month high of $777.84. The firm has a market cap of $115.76 billion, a price-to-earnings ratio of 105.82, a price-to-earnings-growth ratio of 2.79 and a beta of 1.24. The company's 50-day moving average is $583.37 and its two-hundred day moving average is $500.88. 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 (NYSE:PWR - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, topping analysts' consensus estimates of $2.04 by $0.64. The business had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The company's quarterly revenue was up 26.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Research analysts expect that Quanta Services, Inc. will post 11.97 EPS for the current year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, April 2nd. Quanta Services's dividend payout ratio is currently 6.04%.

Quanta Services 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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