Quanta Services, Inc. $PWR Stock Acquired by International Assets Investment Management LLC

Key Points

• International Assets Investment Management increased its Quanta Services stake by 358.1% in the third quarter, ending with 6,120 shares valued at approximately $3.93 million. Institutional investors collectively own 90.49% of PWR.
• Quanta reported strong third-quarter results, with revenue up 57.4% year over year to $12.01 billion and adjusted EPS of $6.06, both exceeding analyst expectations. Record backlog of $63.7 billion and raised 2026 revenue and EPS guidance indicate continued infrastructure demand.
• Analyst sentiment is broadly positive but valuation remains a concern. The stock has a “Moderate Buy” consensus rating with a $766.62 target, while its elevated earnings multiple and recent insider selling could limit near-term upside.

International Assets Investment Management LLC grew its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 358.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 6,120 shares of the construction company's stock after acquiring an additional 4,784 shares during the quarter. International Assets Investment Management LLC's holdings in Quanta Services were worth $3,932,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Boreal Capital Management LLC acquired a new position in shares of Quanta Services in the 1st quarter valued at $27,000. Cornerstone Financial Management LLC boosted its stake in Quanta Services by 70.4% in the second quarter. Cornerstone Financial Management LLC now owns 46 shares of the construction company's stock valued at $33,000 after acquiring an additional 19 shares in the last quarter. JNBA Financial Advisors boosted its stake in Quanta Services by 1,733.3% in the second quarter. JNBA Financial Advisors now owns 55 shares of the construction company's stock valued at $40,000 after acquiring an additional 52 shares in the last quarter. SouthState Bank Corp grew its holdings in shares of Quanta Services by 23.5% during the first quarter. SouthState Bank Corp now owns 84 shares of the construction company's stock worth $46,000 after purchasing an additional 16 shares during the last quarter. Finally, MADDEN SECURITIES Corp purchased a new position in shares of Quanta Services during the third quarter worth about $48,000. Hedge funds and other institutional investors own 90.49% of the company's stock.

Key Stories Impacting Quanta Services

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

• Positive Sentiment: Record results beat expectations. Quanta reported third-quarter revenue of $12.01 billion, up 57.4% year over year and above the $11.03 billion consensus estimate. Adjusted diluted EPS was $6.06, exceeding expectations of approximately $5.02-$5.03 and rising from $3.33 a year earlier. Quanta Services Reports Third Quarter 2026 Results
• Positive Sentiment: Demand and visibility remain strong. Electric infrastructure activity helped drive results, while total backlog reached a record $63.7 billion and remaining performance obligations totaled $41.8 billion. Operating cash flow was $1.5 billion and free cash flow was $1.2 billion. PWR Q3 Earnings Beat on Electric Strength
• Positive Sentiment: Management raised its 2026 outlook. The company now expects full-year revenue of $41.3 billion to $41.6 billion and diluted EPS of $12.57 to $12.97, reflecting confidence in continued infrastructure spending and execution.
• Neutral Sentiment: Technical momentum is mixed. Reports noted that PWR broke above its 200-day moving average, a potentially bullish signal, although the share price has since moved back near that level. Technical traders may view the move as either a confirmation of long-term strength or a possible “sell-the-news” setup. Quanta Services Shares Break Above 200-Day Moving Average
• Negative Sentiment: Valuation and insider selling may be limiting upside. PWR trades at roughly 71 times earnings, leaving the stock vulnerable to profit-taking even after the earnings beat. Separately, reported insider activity showed substantial selling and no insider purchases during the past six months, which may add to investor caution.

Analyst Ratings Changes

Several research firms have recently weighed in on PWR. Raymond James Financial set a $830.00 target price on Quanta Services in a report on Thursday. Weiss Ratings upgraded Quanta Services from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, October 13th. Morgan Stanley lowered Quanta Services to an "underweight" rating in a research report on Monday, August 3rd. Cantor Fitzgerald reiterated an "overweight" rating and issued a $862.00 price objective on shares of Quanta Services in a research note on Monday, October 5th. Finally, KeyCorp raised Quanta Services from a "sector weight" rating to an "overweight" rating and set a $807.00 price objective for the company in a report on Friday, August 7th. Twenty-three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $766.62.

Quanta Services Stock Performance

NYSE:PWR opened at $620.50 on Monday. The firm's fifty day moving average price is $632.80 and its 200 day moving average price is $623.16. Quanta Services, Inc. has a 1-year low of $408.36 and a 1-year high of $788.75. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 1.13. The firm has a market cap of $93.50 billion, a price-to-earnings ratio of 56.20, a price-to-earnings-growth ratio of 1.84 and a beta of 1.29.

Quanta Services (NYSE:PWR - Get Free Report) last released its earnings results on Thursday, October 29th. The construction company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.02 by $1.04. The company had revenue of $12.01 billion during the quarter, compared to analysts' expectations of $11.03 billion. Quanta Services had a net margin of 4.51% and a return on equity of 23.56%. The business's revenue was up 57.4% on a year-over-year basis. During the same quarter last year, the business earned $3.33 EPS. On average, sell-side analysts expect that Quanta Services, Inc. will post 15.36 EPS for the current year.

Quanta Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 1st were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, October 1st. Quanta Services's payout ratio is currently 3.99%.

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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