Quanta Services, Inc. $PWR Position Lessened by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI lessened its position in Quanta Services, Inc. (NYSE:PWR) by 1.9% during the third quarter, Holdings Channel reports. The institutional investor owned 66,442 shares of the construction company’s stock after selling 1,310 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Quanta Services were worth $42,690,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Cornerstone Financial Management LLC boosted its stake in Quanta Services by 70.4% during the second quarter. Cornerstone Financial Management LLC now owns 46 shares of the construction company’s stock valued at $33,000 after buying an additional 19 shares in the last quarter. Boreal Capital Management LLC acquired a new position in Quanta Services during the first quarter worth about $27,000. JNBA Financial Advisors raised its position in Quanta Services by 1,733.3% in the second quarter. JNBA Financial Advisors now owns 55 shares of the construction company’s stock worth $40,000 after acquiring an additional 52 shares in the last quarter. Markowski Investments bought a new stake in Quanta Services in the second quarter worth about $55,000. Finally, SJS Investment Consulting Inc. lifted its holdings in Quanta Services by 100.0% in the 1st quarter. SJS Investment Consulting Inc. now owns 82 shares of the construction company’s stock valued at $45,000 after acquiring an additional 41 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services News Summary

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 Trading Down 1.0%

Shares of NYSE PWR opened at $546.89 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a 12 month low of $408.36 and a 12 month high of $788.75. The company has a market cap of $82.22 billion, a price-to-earnings ratio of 62.64, a P/E/G ratio of 1.61 and a beta of 1.27. The business has a fifty day simple moving average of $640.38 and a 200-day simple moving average of $663.20.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.93. The firm had revenue of $9.56 billion for the quarter, compared to analysts’ expectations 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 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. Sell-side analysts predict that Quanta Services, Inc. will post 15.37 EPS for the current year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 1st 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, October 1st. Quanta Services’s dividend payout ratio (DPR) is presently 5.04%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PWR shares. Deutsche Bank Aktiengesellschaft lowered shares of Quanta Services to a “sell” rating in a research report on Friday, July 31st. Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, October 13th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $714.00 target price on shares of Quanta Services in a report on Tuesday, July 21st. BTIG Research lowered shares of Quanta Services to a “hold” rating in a research note on Friday, July 31st. Finally, Piper Sandler reduced their target price on shares of Quanta Services from $731.00 to $714.00 and set an “overweight” rating for the company in a report on Monday, September 28th. Twenty-three 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.