Quanta Services, Inc. $PWR Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its position in shares of Quanta Services, Inc. (NYSE:PWR) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 120,841 shares of the construction company’s stock after selling 1,111 shares during the period. New York State Teachers Retirement System owned about 0.08% of Quanta Services worth $66,344,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Quanta Services during the 4th quarter valued at approximately $817,285,000. Bank of America Corp DE boosted its holdings in Quanta Services by 35.6% in the third quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock worth $1,208,672,000 after purchasing an additional 765,822 shares during the period. Victory Capital Management Inc. increased its stake in Quanta Services by 35.2% during the fourth quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock valued at $1,230,493,000 after purchasing an additional 758,862 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Quanta Services by 137.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock worth $486,065,000 after purchasing an additional 667,050 shares during the period. Finally, Sands Capital Management LLC acquired a new stake in shares of Quanta Services during the fourth quarter worth $243,485,000. 90.49% of the stock is currently owned by institutional investors.

Insider Activity

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the firm’s 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the completion of the sale, the chief executive officer directly owned 556,911 shares of the company’s stock, valued at approximately $429,183,462.15. This represents a 18.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 159,992 shares of company stock worth $123,244,714. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

PWR has been the subject of several research reports. B. Riley Financial reaffirmed a “neutral” rating on shares of Quanta Services in a report on Friday, May 1st. Cantor Fitzgerald increased their price objective on shares of Quanta Services from $630.00 to $901.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Mizuho lifted their target price on Quanta Services from $580.00 to $693.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Wall Street Zen raised Quanta Services from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Zacks Research upgraded Quanta Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $755.18.

Key Headlines Impacting Quanta Services

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

• Positive Sentiment: Truist Financial raised its price target on Quanta Services from $851 to $940 and reiterated a buy rating, implying meaningful upside from current levels. Benzinga / The Fly report
• Positive Sentiment: Analysts continue to highlight Quanta as a strong growth name, supported by its exposure to grid modernization, power demand, and large infrastructure spending. Zacks article
• Positive Sentiment: The company’s recent fundamentals remain strong, with first-quarter revenue and EPS beating expectations and backlog reaching a record level, reinforcing the longer-term bullish case. Quiver Quantitative analysis
• Neutral Sentiment: Quanta was also mentioned in broader renewable energy stock roundups, which suggests continued investor interest in the sector but no specific new company catalyst. Renewable Energy Stocks To Follow Today – July 1st
• Negative Sentiment: One market note tied the recent decline to valuation concerns and a lack of new catalysts, while insider and some institutional selling may be adding to near-term caution. Quiver Quantitative analysis

Quanta Services Stock Down 3.4%

PWR opened at $667.73 on Friday. The stock’s 50 day moving average price is $710.43 and its 200 day moving average price is $582.03. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09. The stock has a market cap of $100.20 billion, a P/E ratio of 91.60, a P/E/G ratio of 2.72 and a beta of 1.21. Quanta Services, Inc. has a 12 month low of $363.01 and a 12 month high of $788.75.

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

Quanta Services declared that its Board of Directors has initiated a stock repurchase plan on Friday, May 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to purchase up to 0.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Quanta Services Announces Dividend

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

Quanta Services Company 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.