Heritage Oak Wealth Advisors LLC Acquires New Holdings in Quanta Services, Inc. $PWR

Heritage Oak Wealth Advisors LLC bought a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,598 shares of the construction company’s stock, valued at approximately $1,426,000. Quanta Services accounts for approximately 0.5% of Heritage Oak Wealth Advisors LLC’s holdings, making the stock its 24th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Evoke Wealth LLC bought a new position in shares of Quanta Services during the 4th quarter worth about $368,000. Sequoia Financial Advisors LLC increased its position in Quanta Services by 3.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 130,436 shares of the construction company’s stock valued at $55,052,000 after buying an additional 3,966 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Quanta Services by 9.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,602 shares of the construction company’s stock worth $21,357,000 after buying an additional 4,568 shares during the period. Lebenthal Global Advisors LLC boosted its holdings in Quanta Services by 9.8% in the fourth quarter. Lebenthal Global Advisors LLC now owns 9,277 shares of the construction company’s stock worth $3,915,000 after acquiring an additional 830 shares in the last quarter. Finally, North Dakota State Investment Board acquired a new stake in Quanta Services in the fourth quarter valued at approximately $2,131,000. 90.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein upped their target price on Quanta Services from $538.00 to $725.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Zacks Research raised shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 8th. Stifel Nicolaus set a $784.00 price target on shares of Quanta Services in a research note on Friday, May 1st. TD Cowen upped their price objective on shares of Quanta Services from $570.00 to $775.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Evercore lifted their price objective on shares of Quanta Services from $635.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Quanta Services has an average rating of “Moderate Buy” and an average price target of $751.14.

Quanta Services Stock Down 3.9%

PWR stock opened at $692.00 on Thursday. The firm has a market capitalization of $103.84 billion, a PE ratio of 94.92, a P/E/G ratio of 2.83 and a beta of 1.21. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57. Quanta Services, Inc. has a twelve month low of $363.01 and a twelve month high of $788.75. The stock’s 50 day moving average is $709.21 and its 200-day moving average is $580.41.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.64. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The business had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7 billion. During the same period in the prior year, the firm posted $1.78 EPS. Quanta Services’s quarterly revenue was up 26.3% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Sell-side analysts expect that Quanta Services, Inc. will post 12.81 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Wednesday, July 1st will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, July 1st. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s payout ratio is 6.04%.

Quanta Services declared that its Board of Directors has initiated a share repurchase plan on Friday, May 22nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to buy up to 0.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Trending Headlines about Quanta Services

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

• Positive Sentiment: Quanta continues to benefit from strong demand tied to grid modernization, data centers, AI infrastructure, broadband expansion, and energy projects, which supports a long runway for revenue growth. Quanta vs. MasTec: Which Infrastructure Stock Is the Better Buy?
• Positive Sentiment: The company’s latest results were strong, with Q1 2026 revenue of $7.87 billion, adjusted EPS of $2.68, and record backlog of $48.5 billion, reinforcing the bullish growth story. Quanta Services Slides as Pullback Appears Tied to Valuation and a Lack of Fresh Catalysts
• Positive Sentiment: Management recently raised full-year 2026 expectations and authorized a new $1 billion share repurchase program, both of which suggest confidence in future earnings and capital returns. Quanta Services Slides as Pullback Appears Tied to Valuation and a Lack of Fresh Catalysts
• Neutral Sentiment: Several recent articles continue to highlight PWR as a growth and momentum stock, keeping investor attention on its long-term infrastructure exposure rather than on any near-term operational issue. Here’s Why Quanta Services (PWR) is a Strong Growth Stock
• Neutral Sentiment: Analyst coverage remains constructive, with multiple recent price targets clustered above the current trading range, which may help limit downside if fundamentals stay intact. Quanta Services Slides as Pullback Appears Tied to Valuation and a Lack of Fresh Catalysts
• Negative Sentiment: The stock’s recent weakness appears tied to profit-taking after a strong run, as investors reassess its rich valuation while waiting for the next major catalyst. Quanta Services Slides as Pullback Appears Tied to Valuation and a Lack of Fresh Catalysts
• Negative Sentiment: One additional concern for some investors is that insiders have reportedly made multiple sales over the past six months, which can add to caution during a valuation-driven pullback. Quanta Services Slides as Pullback Appears Tied to Valuation and a Lack of Fresh Catalysts

Insider Transactions at Quanta Services

In other Quanta Services news, CEO Earl C. Jr. Austin sold 25,992 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total value of $20,032,294.32. Following the completion of the sale, the chief executive officer directly owned 16,508 shares of the company’s stock, valued at approximately $12,722,880.68. This represents a 61.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Paul Nobel sold 4,000 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $756.98, for a total transaction of $3,027,920.00. Following the completion of the sale, the chief accounting officer owned 8,080 shares of the company’s stock, valued at approximately $6,116,398.40. This trade represents a 33.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 159,992 shares of company stock valued at $123,244,714 over the last ninety days. 0.60% of the stock is currently owned by insiders.

Quanta Services Profile

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.