Sumitomo Mitsui DS Asset Management Company Ltd Lowers Holdings in Quanta Services, Inc. $PWR

Sumitomo Mitsui DS Asset Management Company Ltd lowered its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 3.3% in the fourth quarter, HoldingsChannel reports. The fund owned 53,353 shares of the construction company’s stock after selling 1,823 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Quanta Services were worth $22,518,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PWR. Sunburst Financial Group LLC increased its position in 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 purchasing an additional 22 shares during the last quarter. Spirepoint Private Client LLC raised its stake in 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 purchasing an additional 22 shares during the period. Vista Capital Partners Inc. boosted its holdings in shares of Quanta Services by 3.1% in the 4th quarter. Vista Capital Partners Inc. now owns 742 shares of the construction company’s stock valued at $313,000 after purchasing an additional 22 shares during the last quarter. Headinvest LLC grew its stake in shares of Quanta Services by 2.2% during the 4th quarter. Headinvest LLC now owns 1,001 shares of the construction company’s stock valued at $422,000 after buying an additional 22 shares during the period. Finally, Rothschild Investment LLC increased its holdings in shares of Quanta Services by 2.8% during the 3rd quarter. Rothschild Investment LLC now owns 850 shares of the construction company’s stock worth $352,000 after buying an additional 23 shares during the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Performance

NYSE:PWR opened at $771.41 on Wednesday. The firm’s fifty day simple moving average is $583.37 and its 200 day simple moving average is $500.88. 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 twelve month low of $315.45 and a twelve month high of $777.84. The firm has a market capitalization of $115.76 billion, a price-to-earnings ratio of 105.82, a PEG ratio of 2.79 and a beta of 1.24.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.64. The firm 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 quarterly revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, equities research analysts expect that Quanta Services, Inc. will post 11.97 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Thursday, April 2nd were issued a dividend of $0.11 per share. 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 (DPR) is presently 6.04%.

Quanta Services News Roundup

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

• Positive Sentiment: Major buy-side upgrades and sizable target increases from Jefferies (to $857) signal stronger revenue/profit expectations and underpin upside. Jefferies Raises PT to $857
• Positive Sentiment: UBS raised its target to $900 (buy), a strong signal that brokers see continued upside tied to infrastructure and electrification spending. UBS Raises PT to $900
• Positive Sentiment: Goldman Sachs increased its PT to $826 and keeps a buy rating, supporting broader institutional confidence in Quanta’s growth runway. Goldman Raises PT to $826
• Positive Sentiment: TD Cowen reiterated a buy and issued a positive forecast (also recently raised its PT to $775), adding another buy-side endorsement. TD Cowen Keeps Buy Rating
• Positive Sentiment: Zacks highlights Quanta’s record $48.5 billion Q1 backlog and supply-chain investments, which materially boost revenue visibility and support another growth leg. Zacks on $48.5B Backlog
• Positive Sentiment: Industry pieces argue AI/data-center buildouts are driving heavy demand for substations, transformers and grid upgrades — a structural tailwind for Quanta. The Real AI Trade May Be Power Equipment
• Neutral Sentiment: Analyst consensus remains a “Moderate Buy” — supportive but not unanimous, implying some caution among brokers. Consensus Moderate Buy
• Neutral Sentiment: Investor-oriented features (Zacks, The Motley Fool) tout long-term growth potential; useful for sentiment but less immediately price-moving than fresh earnings/backlog or analyst PTs. Zacks Long-Term Take
• Negative Sentiment: Sanford C. Bernstein kept a “market perform” stance despite raising its PT to $725 — their view implies limited near-term upside (and even a slight drawback vs. the current price). Bernstein Raises PT but Keeps Market Perform

Wall Street Analysts Forecast Growth

PWR has been the topic of several research reports. JPMorgan Chase & Co. increased their target price on Quanta Services from $627.00 to $805.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. DA Davidson upped their price target on Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Roth Mkm raised their price objective on Quanta Services from $600.00 to $650.00 and gave the stock a “buy” rating in a report on Monday, April 6th. Robert W. Baird lifted their price objective on Quanta Services from $606.00 to $777.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Finally, Sanford C. Bernstein increased their target price on shares of Quanta Services from $538.00 to $725.00 and gave the stock a “market perform” rating in a research report on Tuesday. Eighteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and an average target price of $695.73.

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.