Quanta Services, Inc. $PWR Stock Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 356,598 shares of the construction company's stock after acquiring an additional 2,145 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.24% of Quanta Services worth $229,118,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in Quanta Services in the third quarter worth $58,973,000. ProShare Advisors LLC lifted its holdings in Quanta Services by 1.3% in the third quarter. ProShare Advisors LLC now owns 23,271 shares of the construction company's stock valued at $14,952,000 after acquiring an additional 300 shares during the period. Vise Technologies Inc. purchased a new position in shares of Quanta Services during the 3rd quarter valued at approximately $4,306,000. Blue Fin Capital Inc. acquired a new stake in Quanta Services during the third quarter valued at $564,000. Finally, Avestar Capital LLC lifted its position in shares of Quanta Services by 7.5% during the 3rd quarter. Avestar Capital LLC now owns 3,650 shares of the construction company's stock valued at $2,345,000 after buying an additional 256 shares in the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Stock Down 0.0%

Quanta Services stock opened at $620.50 on Monday. The stock's fifty day moving average is $632.80 and its two-hundred day moving average is $623.16. The stock has a market cap of $93.50 billion, a PE ratio of 56.20, a P/E/G ratio of 1.84 and a beta of 1.29. 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.

Quanta Services (NYSE:PWR - Get Free Report) last issued 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. The company had revenue of $12.01 billion for the quarter, compared to analyst estimates of $11.03 billion. Quanta Services had a return on equity of 23.56% and a net margin of 4.51%. The business's quarterly revenue was up 57.4% compared to the same quarter last year. During the same quarter last year, the company posted $3.33 earnings per share. On average, sell-side analysts expect that Quanta Services, Inc. will post 15.36 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Thursday, October 1st. Quanta Services's dividend payout ratio (DPR) is 3.99%.

Trending Headlines about 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.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PWR. Morgan Stanley lowered Quanta Services to an "underweight" rating in a research report on Monday, August 3rd. TD Cowen raised their price target on shares of Quanta Services from $785.00 to $830.00 and gave the stock a "buy" rating in a report on Thursday. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $862.00 price target on shares of Quanta Services in a research report on Monday, October 5th. Sanford C. Bernstein upgraded Quanta Services from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $748.00 to $775.00 in a report on Thursday, September 24th. Finally, Piper Sandler lowered their price objective on Quanta Services from $731.00 to $714.00 and set an "overweight" rating for the company in a research report on Monday, September 28th. Twenty-three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $766.62.

About Quanta Services

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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