Quanta Services, Inc. $PWR Stock: Carderock Capital Management Inc. Reduces Holdings

Key Points

• Carderock Capital Management reduced its Quanta Services stake by 10.7% in the third quarter, selling 2,095 shares and retaining 17,526 shares valued at approximately $11.3 million. Institutional investors collectively own 90.49% of PWR.
• Analysts maintain a generally positive outlook, with 23 Buy, seven Hold and three Sell ratings; the stock has an average “Moderate Buy” rating and a consensus price target of $761.24.
• Quanta reported strong quarterly results, exceeding earnings and revenue estimates, with revenue up 41.1% year over year. However, shares have weakened significantly from their 12-month high, while the company continues to pay a quarterly dividend of $0.11 per share.

Carderock Capital Management Inc. trimmed its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 10.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,526 shares of the construction company's stock after selling 2,095 shares during the quarter. Quanta Services accounts for 2.8% of Carderock Capital Management Inc.'s holdings, making the stock its 13th largest holding. Carderock Capital Management Inc.'s holdings in Quanta Services were worth $11,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bartlett & CO. Wealth Management LLC raised its position in Quanta Services by 2.6% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 513 shares of the construction company's stock valued at $282,000 after purchasing an additional 13 shares during the last quarter. Pincus Capital Management LP raised its holdings in shares of Quanta Services by 0.4% in the 1st quarter. Pincus Capital Management LP now owns 3,690 shares of the construction company's stock worth $2,026,000 after purchasing an additional 15 shares during the period. SouthState Bank Corp boosted its position in Quanta Services by 23.5% in the 1st quarter. SouthState Bank Corp now owns 84 shares of the construction company's stock valued at $46,000 after buying an additional 16 shares during the last quarter. Lewis Asset Management LLC boosted its holdings in Quanta Services by 2.5% in the first quarter. Lewis Asset Management LLC now owns 692 shares of the construction company's stock worth $380,000 after purchasing an additional 17 shares during the period. Finally, Stiles Financial Services Inc increased its position in Quanta Services by 1.8% in the 1st quarter. Stiles Financial Services Inc now owns 987 shares of the construction company's stock valued at $542,000 after acquiring an additional 17 shares during the period. Institutional investors and hedge funds own 90.49% of the company's stock.

Analyst Ratings Changes

PWR has been the topic of a number of recent analyst reports. Piper Sandler cut their price target on shares of Quanta Services from $731.00 to $714.00 and set an "overweight" rating on the stock in a report on Monday, September 28th. UBS Group reaffirmed a "buy" rating on shares of Quanta Services in a research report on Monday, August 17th. Robert W. Baird set a $728.00 price target on Quanta Services in a report on Friday, July 31st. The Goldman Sachs Group set a $781.00 price objective on shares of Quanta Services in a research note on Thursday. Finally, Truist Financial lowered their price objective on shares of Quanta Services from $976.00 to $945.00 and set a "buy" rating on the stock in a research note on Monday, October 5th. Twenty-three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $761.24.

Quanta Services Stock Performance

Shares of NYSE:PWR opened at $546.89 on Friday. The business has a fifty day moving average of $640.38 and a 200-day moving average of $663.20. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10. Quanta Services, Inc. has a twelve month low of $408.36 and a twelve month high of $788.75. The firm has a market cap of $82.22 billion, a PE ratio of 62.64, a price-to-earnings-growth ratio of 1.63 and a beta of 1.27.

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 (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.93. The business had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The firm's quarterly revenue was up 41.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.48 EPS. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, equities research analysts predict that Quanta Services, Inc. will post 15.37 EPS for the current fiscal year.

Quanta Services Announces Dividend

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

More Quanta Services News

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

• Positive Sentiment: Exposure to grid modernization and AI infrastructure: Polen Capital highlighted Quanta Services as a beneficiary of long-term investment in power-grid modernization and infrastructure supporting artificial intelligence. This supports the bullish view that demand for the company’s engineering and construction services can remain strong. Quanta Services, Inc. (PWR) Offers Exposure to Grid Modernization and AI Infrastructure
• Positive Sentiment: Potential earnings beat: Zacks said Quanta has factors supporting a possible earnings beat in its upcoming quarterly report, including favorable earnings expectations and its Earnings ESP indicator. A stronger-than-expected result or outlook could help stabilize the shares. Quanta Services Earnings Expected to Grow
• Neutral Sentiment: Earnings are the next major catalyst: Quanta is scheduled to report results on Thursday, making revenue, margins, backlog and forward guidance particularly important after the recent share-price weakness. Quanta Services Set to Post Earnings on Thursday
• Neutral Sentiment: Analysts are also screening Quanta among construction companies that could beat quarterly estimates, reinforcing the possibility of a positive earnings surprise but offering no new company-specific results. Construction Stocks That Could Beat Earnings
• Negative Sentiment: Broad selloff and bearish options positioning: PWR declined substantially in the latest session, while unusually high put-option activity suggests traders are hedging against—or speculating on—additional downside. The move may also reflect profit-taking and concern that the stock’s premium valuation leaves little room for disappointment. Traders Buy High Volume of Quanta Services Put Options

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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