Quanta Services, Inc. $PWR Stake Lowered by Wellington Management Group LLP

Key Points

• Wellington Management cut its Quanta Services stake by 96.2% in the second quarter, selling 102,140 shares and retaining 4,071 shares valued at approximately $2.93 million. Institutional investors collectively own 90.49% of the company.
• Quanta Services reported quarterly earnings of $4.24 per share, beating estimates of $3.31, while revenue rose 41.1% year over year to $9.56 billion. The company provided fiscal 2026 EPS guidance of $16.45–$16.95.
• Shares recently traded at $618.90, down 1.3%, while analysts maintained a “Moderate Buy” consensus with an average price target of $767.72. Quanta also authorized a $1 billion share-repurchase program and declared a quarterly dividend of $0.11 per share.

Wellington Management Group LLP trimmed its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 96.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,071 shares of the construction company's stock after selling 102,140 shares during the quarter. Wellington Management Group LLP's holdings in Quanta Services were worth $2,931,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PWR. Norges Bank acquired a new position in shares of Quanta Services during the fourth quarter valued at $817,285,000. Victory Capital Management Inc. grew its position in Quanta Services by 35.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company's stock worth $1,230,493,000 after purchasing an additional 758,862 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Quanta Services by 137.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company's stock valued at $486,065,000 after buying an additional 667,050 shares during the last quarter. Sands Capital Management LLC bought a new position in Quanta Services in the 4th quarter worth approximately $243,485,000. Finally, Select Equity Group L.P. raised its stake in 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 valued at $384,554,000 after acquiring an additional 416,395 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.

Quanta Services Trading Down 1.3%

Shares of NYSE PWR opened at $618.90 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a 12 month low of $373.39 and a 12 month high of $788.75. The company has a market cap of $93.05 billion, a price-to-earnings ratio of 70.89, a P/E/G ratio of 2.05 and a beta of 1.20. The business has a fifty day simple moving average of $646.13 and a 200-day simple moving average of $645.96.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, topping analysts' consensus estimates of $3.31 by $0.93. The firm had revenue of $9.56 billion for the quarter, compared to analysts' expectations of $8.61 billion. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.Quanta Services's revenue was up 41.1% on a year-over-year basis. During the same quarter last year, the business posted $2.48 EPS. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Sell-side analysts predict that Quanta Services, Inc. will post 15.35 EPS for the current year.

Quanta Services declared that its board has approved a share repurchase program on Friday, May 22nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Thursday, October 1st will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 1st. Quanta Services's dividend payout ratio (DPR) is 5.04%.

Analyst Upgrades and Downgrades

PWR has been the topic of a number of recent analyst reports. Cantor Fitzgerald assumed coverage on shares of Quanta Services in a research note on Friday, July 31st. They set an "outperform" rating on the stock. TD Cowen increased their price objective on shares of Quanta Services from $775.00 to $785.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Benchmark cut Quanta Services to a "sell" rating in a report on Friday, July 31st. Guggenheim upgraded Quanta Services from a "neutral" rating to a "buy" rating and set a $800.00 price target on the stock in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $714.00 target price on shares of Quanta Services in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $767.72.

Quanta Services Company Profile

Quanta Services, Inc is an infrastructure solutions provider serving the electric power, communications, pipeline, industrial and renewable energy industries. The company designs, installs, repairs and maintains infrastructure used to generate, transmit and distribute electricity, as well as systems that support telecommunications, natural gas and other energy-related activities.

Its services include engineering, procurement and construction; utility and substation work; transmission and distribution projects; storm restoration; fiber-optic and wireless network deployment; pipeline construction and maintenance; and development of renewable energy and energy storage infrastructure.

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