Quanta Services, Inc. $PWR Stock Sold by Washington Trust Advisors Inc.

Key Points

• Washington Trust Advisors reduced its Quanta Services stake by 1.8%, selling 2,480 shares and retaining 138,829 shares valued at approximately $89.2 million. Quanta remains the fund’s largest holding, while institutional investors collectively own 90.49% of the stock.
• Quanta shares recently traded at $546.89, well below their 12-month high of $788.75, amid a sharp selloff and elevated put-option activity. Despite the pressure, the company reported a quarterly earnings and revenue beat, with revenue up 41.1% year over year.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $761.24. Upcoming earnings, forward guidance, and demand tied to grid modernization and AI infrastructure are key potential catalysts.

Washington Trust Advisors Inc. trimmed its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,829 shares of the construction company's stock after selling 2,480 shares during the quarter. Quanta Services accounts for 6.3% of Washington Trust Advisors Inc.'s holdings, making the stock its largest holding. Washington Trust Advisors Inc. owned 0.09% of Quanta Services worth $89,199,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted its stake 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 purchasing an additional 296,893 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Quanta Services by 5.4% in the 1st quarter. Bank of America Corp DE now owns 3,444,711 shares of the construction company's stock valued at $1,891,215,000 after purchasing an additional 175,184 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Quanta Services by 7.1% during the 1st quarter. Royal Bank of Canada now owns 1,264,827 shares of the construction company's stock worth $694,415,000 after buying an additional 83,363 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Quanta Services by 18.3% during the 1st quarter. First Trust Advisors LP now owns 1,003,917 shares of the construction company's stock worth $551,170,000 after buying an additional 155,529 shares in the last quarter. Finally, Amundi lifted its position in shares of Quanta Services by 10.3% during the 1st quarter. Amundi now owns 580,718 shares of the construction company's stock worth $318,826,000 after buying an additional 54,237 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

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 Price Performance

Shares of PWR traded down $5.55 during trading hours on Friday, reaching $546.89. The stock had a trading volume of 1,620,771 shares, compared to its average volume of 1,055,948. Quanta Services, Inc. has a 12 month low of $408.36 and a 12 month high of $788.75. The stock has a market capitalization of $82.22 billion, a PE ratio of 62.64, a PEG ratio of 1.63 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10. The company's 50-day moving average is $640.38 and its two-hundred day moving average is $663.20.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings data 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 company had revenue of $9.56 billion for 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%. Quanta Services's revenue for the quarter was up 41.1% on a year-over-year basis. During the same quarter last year, the business posted $2.48 EPS. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Research analysts expect that Quanta Services, Inc. will post 15.37 EPS for the current year.

Quanta Services Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, October 1st. Quanta Services's dividend payout ratio (DPR) is presently 5.04%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Citigroup raised their price objective on Quanta Services from $837.00 to $871.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Benchmark downgraded Quanta Services to a "sell" rating in a research note on Friday, July 31st. Jefferies Financial Group reissued a "buy" rating and issued a $833.00 target price on shares of Quanta Services in a report on Thursday, August 13th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $714.00 price target on shares of Quanta Services in a research note on Tuesday, July 21st. Finally, Mizuho set a $684.00 price target on shares of Quanta Services in a report on Wednesday, October 7th. Twenty-three equities research 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $761.24.

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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