Quanta Services, Inc. $PWR Stock Sold by Sterling Capital Management LLC

Key Points

• Sterling Capital Management reduced its Quanta Services stake by 29.8% in the third quarter, selling 2,257 shares and retaining 5,309 shares valued at approximately $3.4 million. Institutional investors collectively own 90.49% of the company.
• Quanta Services reported quarterly earnings of $4.24 per share, exceeding the $3.31 consensus estimate, while revenue rose 41.1% year over year to $9.56 billion. The company provided fiscal 2026 earnings guidance of $16.45–$16.95 per share.
• Despite recent share-price weakness, analysts maintain a “Moderate Buy” consensus, with an average price target of $761.24 versus the reported share price of $546.89.

Sterling Capital Management LLC lessened its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 29.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,309 shares of the construction company's stock after selling 2,257 shares during the quarter. Sterling Capital Management LLC's holdings in Quanta Services were worth $3,411,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Inspire Investing LLC increased its position in shares of Quanta Services by 6.8% during the third quarter. Inspire Investing LLC now owns 7,543 shares of the construction company's stock valued at $4,846,000 after buying an additional 482 shares during the period. XXI Wealth LLC raised its stake in Quanta Services by 221.6% in the third quarter. XXI Wealth LLC now owns 1,566 shares of the construction company's stock worth $1,006,000 after buying an additional 1,079 shares in the last quarter. BIP Wealth LLC lifted its holdings in Quanta Services by 8.2% in the third quarter. BIP Wealth LLC now owns 743 shares of the construction company's stock worth $478,000 after buying an additional 56 shares during the period. River Street Advisors LLC lifted its holdings in Quanta Services by 2.1% in the third quarter. River Street Advisors LLC now owns 2,440 shares of the construction company's stock worth $1,568,000 after buying an additional 51 shares during the period. Finally, Andrew Hill Investment Advisors Inc. purchased a new stake in Quanta Services in the third quarter worth about $2,113,000. Institutional investors own 90.49% of the company's stock.

Quanta Services Trading Up 0.1%

Quanta Services stock opened at $546.89 on Monday. Quanta Services, Inc. has a 12 month low of $408.36 and a 12 month high of $788.75. The company has a market capitalization of $82.22 billion, a price-to-earnings ratio of 62.64, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. The business's fifty day simple moving average is $640.38 and its two-hundred day simple moving average is $663.97. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56.

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, beating the consensus estimate of $3.31 by $0.93. The firm had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $8.61 billion. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%. The company's revenue was up 41.1% on a year-over-year basis. During the same period last year, the company earned $2.48 earnings per share. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. As a group, equities analysts predict that Quanta Services, Inc. will post 15.37 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

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

Wall Street Analyst Weigh In

PWR has been the topic of a number of research analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $862.00 target price on shares of Quanta Services in a report on Monday, October 5th. UBS Group restated a "buy" rating on shares of Quanta Services in a research note on Monday, August 17th. Zacks Research lowered Quanta Services from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. Guggenheim upgraded Quanta Services from a "neutral" rating to a "buy" rating and set a $800.00 price objective for the company in a report on Friday, July 31st. Finally, Sanford C. Bernstein raised Quanta Services from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $748.00 to $775.00 in a research report on Thursday, September 24th. Twenty-three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $761.24.

Key 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 Company 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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