Truist Financial Corp Purchases 6,229 Shares of Quanta Services, Inc. $PWR

Key Points

• Truist Financial Corp increased its stake by 6,229 shares (1.3%) to 485,010 shares—about 0.33% of Quanta—valued at roughly $204.7 million, and institutional investors collectively own about 90.5% of the company.
• Record Q1 results and raised guidance: Quanta reported $7.87B in revenue and $2.68 adjusted EPS (well above estimates), disclosed record backlog/RPO, and raised FY‑2026 guidance to $13.55–$14.25 EPS and ~$34.7–$35.2B revenue.
• Broker upgrades and market reaction: Multiple brokers lifted price targets into the ~$777–$805 range and analysts rate the stock a “Moderate Buy” (average target $650.73); the shares trade near a 12‑month high (~$741) with a high P/E of about 102.

Truist Financial Corp lifted its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 485,010 shares of the construction company's stock after acquiring an additional 6,229 shares during the quarter. Truist Financial Corp owned approximately 0.33% of Quanta Services worth $204,703,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Sunburst Financial Group LLC raised its position in shares of Quanta Services by 2.0% during the fourth quarter. Sunburst Financial Group LLC now owns 1,147 shares of the construction company's stock worth $484,000 after acquiring an additional 22 shares during the last quarter. Spirepoint Private Client LLC raised its position in shares of Quanta Services by 2.0% during the fourth quarter. Spirepoint Private Client LLC now owns 1,107 shares of the construction company's stock worth $467,000 after acquiring an additional 22 shares during the last quarter. Rothschild Investment LLC raised its position in shares of Quanta Services by 2.8% during the third quarter. Rothschild Investment LLC now owns 850 shares of the construction company's stock worth $352,000 after acquiring an additional 23 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in shares of Quanta Services by 0.5% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company's stock worth $1,968,000 after acquiring an additional 23 shares during the last quarter. Finally, Wealth Alliance LLC raised its position in shares of Quanta Services by 1.4% during the third quarter. Wealth Alliance LLC now owns 1,636 shares of the construction company's stock worth $678,000 after acquiring an additional 23 shares during the last quarter. Institutional investors own 90.49% of the company's stock.

Quanta Services News Roundup

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

• Positive Sentiment: Record Q1 results and guidance lift — Quanta reported $7.87B revenue and adjusted EPS $2.68 (well above estimates), disclosed record backlog/RPO and raised FY‑2026 guidance to $13.55–$14.25 EPS and ~$34.7–$35.2B revenue; this operational beat and higher outlook underpin the rally. PR Newswire: Q1 Results
• Positive Sentiment: Top-line and execution coverage — multiple outlets highlight the EPS/revenue beat and raised outlook, signaling broad market recognition of stronger infrastructure demand and margin improvement. Zacks: Q1 Earnings Top Estimates
• Positive Sentiment: Major broker upgrades/target hikes — Several firms raised price targets and kept/added outperform/overweight ratings (BMO to $800, Evercore to $800, JPMorgan to $805, Robert W. Baird to $777). These increases endorse the company’s growth trajectory and likely attract additional demand for the stock. MarketScreener: BMO MarketScreener: Evercore MarketScreener: JPMorgan
• Neutral Sentiment: Market commentary and transcript coverage — Coverage from The Motley Fool, Seeking Alpha and other outlets explains the rally and details from the earnings call; useful for context but less likely to move price than hard results or broker actions. Fool: Why Quanta Is Powering Higher Seeking Alpha: Q1 Call Transcript
• Negative Sentiment: One dissenting analyst view — Mizuho raised its target to $693 but kept a neutral rating; that PT sits below the current share price and could temper gains if investors focus on that lower valuation. MarketScreener: Mizuho

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Robert W. Baird boosted their target price on Quanta Services from $606.00 to $777.00 and gave the stock an "outperform" rating in a research report on Friday. Argus boosted their target price on Quanta Services from $540.00 to $650.00 and gave the stock a "buy" rating in a research report on Tuesday, February 24th. Truist Financial set a $851.00 target price on Quanta Services in a research report on Friday. Cantor Fitzgerald upped their price objective on Quanta Services from $520.00 to $630.00 and gave the company an "overweight" rating in a report on Friday, February 20th. Finally, Bank of America upped their price objective on Quanta Services from $500.00 to $610.00 and gave the company a "buy" rating in a report on Friday, February 20th. Eighteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Quanta Services has an average rating of "Moderate Buy" and an average price target of $650.73.

Quanta Services Trading Down 0.1%

NYSE PWR opened at $741.44 on Monday. The stock has a 50-day simple moving average of $578.99 and a 200 day simple moving average of $498.52. The company has a market capitalization of $111.26 billion, a PE ratio of 101.71, a P/E/G ratio of 3.37 and a beta of 1.24. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57. Quanta Services, Inc. has a 12 month low of $315.00 and a 12 month high of $742.33.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating analysts' consensus estimates of $2.04 by $0.64. The business had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7 billion. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The firm's revenue was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Research analysts forecast that Quanta Services, Inc. will post 11.97 EPS for the current year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Thursday, April 2nd. Quanta Services's dividend payout ratio is 6.04%.

About Quanta Services

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.

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