Quanta Services (NYSE:PWR) Shares Break Above 200-Day Moving Average - Here's What Happened

Key Points

• Quanta Services shares rose above their 200-day moving average, trading as high as $650.99 and gaining 4.3%, following strong quarterly results.
• Third-quarter performance significantly exceeded expectations: adjusted EPS was $6.06 versus $5.02 expected, while revenue reached a record $12.01 billion, up 57.4% year over year. Management also raised its 2026 revenue and earnings outlook.
• Growth visibility remains strong with backlog rising to $63.7 billion and remaining performance obligations reaching $41.8 billion, although the stock’s roughly 72-times earnings valuation and recent insider selling present potential risks.

Shares of Quanta Services, Inc. (NYSE:PWR - Get Free Report) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $622.23 and traded as high as $650.99. Quanta Services shares last traded at $632.7890, with a volume of 2,010,114 shares.

Key Stories Impacting Quanta Services

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

• Positive Sentiment: Record earnings beat expectations. Third-quarter adjusted EPS was $6.06 versus the $5.02 consensus estimate, while revenue reached a record $12.01 billion, well above estimates of $11.03 billion and 57.4% higher than a year earlier. GAAP EPS was $4.55, compared with $2.24 in the prior-year quarter. Quanta Services Reports Third Quarter 2026 Results
• Positive Sentiment: Management raised its full-year outlook. Quanta now expects 2026 revenue of approximately $41.3 billion to $41.6 billion and diluted EPS of $12.57 to $12.97, reflecting stronger operating performance and demand. PWR Q3 Earnings Beat on Electric Strength, 2026 View Raised
• Positive Sentiment: Visibility remains strong. Total backlog increased to $63.7 billion and remaining performance obligations reached $41.8 billion. Operating cash flow was $1.5 billion and free cash flow was $1.2 billion, supporting confidence in execution and cash generation. Quanta Services Delivers Record Q3 Results, Raises Outlook
• Neutral Sentiment: The company completed two acquisitions for roughly $245 million, potentially expanding capabilities but also adding integration demands and capital commitments. Management’s earnings call emphasized sustained electric-infrastructure demand as a primary growth driver. Quanta Services Q3 2026 Earnings Call Summary
• Negative Sentiment: At roughly 72 times earnings, the stock carries a demanding valuation, leaving less room for execution shortfalls. Separately, reported insider activity showed substantial selling and no insider purchases over the past six months, a potential sentiment overhang, though it does not change the quarter’s strong fundamentals. Quanta Services Posts Third-Quarter Results

Analyst Upgrades and Downgrades

PWR has been the subject of a number of recent analyst reports. KeyCorp raised Quanta Services from a "sector weight" rating to an "overweight" rating and set a $807.00 target price for the company in a report on Friday, August 7th. Mizuho set a $684.00 price target on shares of Quanta Services in a report on Wednesday, October 7th. Weiss Ratings upgraded shares of Quanta Services from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, October 13th. Raymond James Financial set a $830.00 price objective on shares of Quanta Services in a report on Thursday. Finally, JPMorgan Chase & Co. downgraded Quanta Services from an "overweight" rating to a "neutral" rating and set a $714.00 target price on the stock. in a research report on Tuesday, July 21st. Twenty-three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Quanta Services currently has a consensus rating of "Moderate Buy" and an average target price of $764.46.

Quanta Services Trading Up 4.3%

The business has a 50 day simple moving average of $633.61 and a two-hundred day simple moving average of $622.23. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. The company has a market cap of $95.13 billion, a PE ratio of 72.48, a price-to-earnings-growth ratio of 1.79 and a beta of 1.27.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The construction company reported $6.06 EPS for the quarter, beating analysts' consensus estimates of $5.02 by $1.04. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $11.03 billion. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%. The business's revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.33 earnings per share. On average, analysts forecast that Quanta Services, Inc. will post 15.36 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 1st were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a 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%.

Institutional Trading of Quanta Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cornerstone Financial Management LLC lifted its holdings in shares of Quanta Services by 70.4% during the 2nd quarter. Cornerstone Financial Management LLC now owns 46 shares of the construction company's stock worth $33,000 after acquiring an additional 19 shares during the period. Boreal Capital Management LLC purchased a new stake in Quanta Services in the first quarter valued at approximately $27,000. JNBA Financial Advisors grew its holdings in Quanta Services by 1,733.3% in the second quarter. JNBA Financial Advisors now owns 55 shares of the construction company's stock valued at $40,000 after purchasing an additional 52 shares during the period. MADDEN SECURITIES Corp acquired a new position in Quanta Services during the third quarter worth approximately $48,000. Finally, Markowski Investments acquired a new position in Quanta Services during the second quarter worth approximately $55,000. Hedge funds and other institutional investors own 90.49% of the company's stock.

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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