Quanta Services, Inc. $PWR Stock Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its stake in Quanta Services, Inc. (NYSE:PWR) by 0.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 356,598 shares of the construction company’s stock after purchasing an additional 2,145 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Quanta Services were worth $229,118,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. State Street Corp grew its stake in Quanta Services by 4.7% during the 2nd quarter. State Street Corp now owns 6,581,807 shares of the construction company’s stock valued at $4,739,164,000 after purchasing an additional 296,893 shares in the last quarter. Bank of America Corp DE grew its stake in Quanta Services by 5.4% during the 1st quarter. Bank of America Corp DE now owns 3,444,711 shares of the construction company’s stock worth $1,891,215,000 after buying an additional 175,184 shares during the last quarter. Royal Bank of Canada lifted its position in Quanta Services by 7.1% in the 1st quarter. Royal Bank of Canada now owns 1,264,827 shares of the construction company’s stock valued at $694,415,000 after purchasing an additional 83,363 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Quanta Services by 18.3% during the first quarter. First Trust Advisors LP now owns 1,003,917 shares of the construction company’s stock valued at $551,170,000 after buying an additional 155,529 shares during the last quarter. Finally, Amundi grew its holdings in Quanta Services by 10.3% in the 1st quarter. Amundi now owns 580,718 shares of the construction company’s stock worth $318,826,000 after buying an additional 54,237 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Key Stories Impacting Quanta Services

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

• Positive Sentiment: Record results beat expectations. Quanta reported third-quarter revenue of $12.01 billion, up 57.4% year over year and above the $11.03 billion consensus estimate. Adjusted diluted EPS was $6.06, exceeding expectations of approximately $5.02-$5.03 and rising from $3.33 a year earlier. Quanta Services Reports Third Quarter 2026 Results
• Positive Sentiment: Demand and visibility remain strong. Electric infrastructure activity helped drive results, while total backlog reached a record $63.7 billion and remaining performance obligations totaled $41.8 billion. Operating cash flow was $1.5 billion and free cash flow was $1.2 billion. PWR Q3 Earnings Beat on Electric Strength
• Positive Sentiment: Management raised its 2026 outlook. The company now expects full-year revenue of $41.3 billion to $41.6 billion and diluted EPS of $12.57 to $12.97, reflecting confidence in continued infrastructure spending and execution.
• Neutral Sentiment: Technical momentum is mixed. Reports noted that PWR broke above its 200-day moving average, a potentially bullish signal, although the share price has since moved back near that level. Technical traders may view the move as either a confirmation of long-term strength or a possible “sell-the-news” setup. Quanta Services Shares Break Above 200-Day Moving Average
• Negative Sentiment: Valuation and insider selling may be limiting upside. PWR trades at roughly 71 times earnings, leaving the stock vulnerable to profit-taking even after the earnings beat. Separately, reported insider activity showed substantial selling and no insider purchases during the past six months, which may add to investor caution.

Quanta Services Trading Down 0.0%

Shares of NYSE PWR opened at $620.50 on Monday. 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 $93.50 billion, a price-to-earnings ratio of 56.20, a P/E/G ratio of 1.84 and a beta of 1.29. The company has a quick ratio of 1.13, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $632.80 and a 200-day simple moving average of $623.16.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, October 29th. The construction company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.02 by $1.04. Quanta Services had a net margin of 4.51% and a return on equity of 23.56%. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $11.03 billion. During the same period last year, the company posted $3.33 earnings per share. The business’s revenue for the quarter was up 57.4% on a year-over-year basis. Sell-side analysts predict that Quanta Services, Inc. will post 15.36 EPS for the current year.

Quanta Services Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 0.1%. The ex-dividend date was Thursday, October 1st. Quanta Services’s dividend payout ratio is currently 3.99%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. The Goldman Sachs Group set a $781.00 target price on Quanta Services in a research note on Thursday, October 22nd. KeyCorp raised shares of Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 price objective for the company in a report on Friday, August 7th. UBS Group reiterated a “buy” rating on shares of Quanta Services in a research note on Monday, August 17th. Deutsche Bank Aktiengesellschaft cut shares of Quanta Services to a “sell” rating in a research report on Friday, July 31st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $833.00 price objective on shares of Quanta Services in a research note on Thursday, August 13th. Twenty-three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $766.62.

Quanta Services 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.