Quanta Services, Inc. $PWR Stock Sold by D.A. Davidson & CO.

Key Points

• D.A. Davidson reduced its Quanta Services stake by 9.2% in the third quarter, selling 3,841 shares and retaining 37,809 shares valued at approximately $24.3 million. Institutional investors collectively own 90.49% of the company.
• Quanta reported strong quarterly results, with earnings of $4.24 per share and revenue of $9.56 billion, exceeding analyst expectations and representing 41.1% year-over-year revenue growth.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $761.84, although the stock’s elevated valuation and $605.89 share price present downside risk if future results disappoint.

D.A. Davidson & CO. decreased its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 9.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,809 shares of the construction company's stock after selling 3,841 shares during the period. D.A. Davidson & CO.'s holdings in Quanta Services were worth $24,293,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. State Street Corp lifted its holdings in Quanta Services by 4.7% during the second quarter. State Street Corp now owns 6,581,807 shares of the construction company's stock worth $4,739,164,000 after acquiring an additional 296,893 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Quanta Services by 3,657.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 221,485 shares of the construction company's stock worth $121,600,000 after acquiring an additional 215,591 shares in the last quarter. Corient Private Wealth LP increased its holdings in shares of Quanta Services by 731.3% in the second quarter. Corient Private Wealth LP now owns 210,091 shares of the construction company's stock worth $151,273,000 after acquiring an additional 184,819 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Quanta Services by 5.4% in the first quarter. Bank of America Corp DE now owns 3,444,711 shares of the construction company's stock worth $1,891,215,000 after acquiring an additional 175,184 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Quanta Services by 18.3% during the first quarter. First Trust Advisors LP now owns 1,003,917 shares of the construction company's stock worth $551,170,000 after purchasing an additional 155,529 shares during the period. Institutional investors own 90.49% of the company's stock.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $605.89 on Thursday. The firm has a market cap of $91.09 billion, a price-to-earnings ratio of 69.40, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. The stock's 50-day moving average is $634.48 and its 200-day moving average is $621.17. Quanta Services, Inc. has a one year low of $408.36 and a one year high of $788.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%. The company had revenue of $9.56 billion during the quarter, compared to analysts' expectations of $8.61 billion. During the same period in the prior year, the firm earned $2.48 earnings per share. Quanta Services's revenue for the quarter was up 41.1% compared to the same quarter last year. Equities analysts predict that Quanta Services, Inc. will post 15.37 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

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

Wall Street Analysts Forecast Growth

PWR has been the subject of several research analyst reports. Argus set a $800.00 price objective on Quanta Services in a research report on Wednesday, August 5th. Guggenheim raised Quanta Services from a "neutral" rating to a "buy" rating and set a $800.00 target price for the company in a research note on Friday, July 31st. BTIG Research downgraded shares of Quanta Services to a "hold" rating in a report on Friday, July 31st. Truist Financial lifted their price target on shares of Quanta Services from $945.00 to $960.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $833.00 price target on shares of Quanta Services in a report on Thursday, August 13th. Twenty-three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $761.84.

Quanta Services News Summary

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

• Positive Sentiment: Power and data-center demand support growth: Analysts continue to point to utility transmission and distribution investments, power-generation needs, AI infrastructure and data-center construction as important growth drivers for Quanta. Should Investors Buy, Sell or Hold Quanta Stock Ahead of Q3 Earnings?
• Positive Sentiment: Favorable growth profile: Zacks highlighted Quanta’s revenue and earnings growth prospects, supported by a broad end-market mix and demand for mission-critical infrastructure. The company’s latest reported quarter also featured a substantial earnings and revenue beat, reinforcing its growth credentials. 3 Reasons Why Growth Investors Shouldn't Overlook Quanta Services
• Positive Sentiment: Positive construction-sector positioning: Quanta was included among construction stocks with potential to outperform this earnings season because of rising electricity demand, data-center development and infrastructure spending. 5 Construction Stocks That May Surprise This Earnings Season
• Neutral Sentiment: Near-term earnings catalyst: Quanta is scheduled to report third-quarter 2026 results before the market opens on October 29. Expectations center on continued strength in utility work and power infrastructure, making the report and forward guidance the next major test for the stock. What Analyst Projections for Key Metrics Reveal About Quanta Services Q3 Earnings
• Negative Sentiment: Valuation remains a risk: After a powerful multiyear advance, one analysis described PWR as stretched. Its elevated earnings multiple leaves the shares vulnerable to a pullback if third-quarter results or guidance fail to exceed already-high expectations. Quanta Services Stock Looks Stretched Despite Its 370% Five Year Run

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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