Deutsche Bank AG Sells 47,900 Shares of Quanta Services, Inc. $PWR

Deutsche Bank AG cut its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 6.0% during the 4th quarter, Holdings Channel reports. The firm owned 755,290 shares of the construction company’s stock after selling 47,900 shares during the period. Deutsche Bank AG’s holdings in Quanta Services were worth $318,778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Lansforsakringar Fondforvaltning AB publ boosted its position in Quanta Services by 5.4% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock valued at $19,316,000 after buying an additional 2,375 shares in the last quarter. Evoke Wealth LLC acquired a new stake in Quanta Services in the fourth quarter valued at approximately $368,000. Atria Investments Inc boosted its position in Quanta Services by 20.4% in the third quarter. Atria Investments Inc now owns 13,818 shares of the construction company’s stock valued at $5,727,000 after buying an additional 2,340 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Quanta Services by 3.1% in the fourth 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. Finally, Westfield Capital Management Co. LP boosted its position in Quanta Services by 44.4% in the third quarter. Westfield Capital Management Co. LP now owns 245,506 shares of the construction company’s stock valued at $101,743,000 after buying an additional 75,449 shares in the last quarter. 90.49% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Earl C. Jr. Austin sold 130,000 shares of Quanta Services stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the completion of the transaction, the chief executive officer owned 556,911 shares of the company’s stock, valued at $429,183,462.15. This trade represents a 18.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction on Monday, May 4th. The stock was sold at an average price of $756.98, for a total transaction of $3,027,920.00. Following the transaction, the chief accounting officer directly owned 8,080 shares of the company’s stock, valued at $6,116,398.40. This represents a 33.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,992 shares of company stock valued at $123,244,714 in the last three months. 0.60% of the stock is owned by insiders.

Quanta Services News Roundup

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

• Positive Sentiment: Quanta’s latest earnings report was strong, with a large EPS and revenue beat and higher full-year guidance, reinforcing confidence in the company’s growth outlook.
• Positive Sentiment: Analysts remain constructive on PWR, with multiple recent price targets in the $775-$900 range, suggesting Wall Street still sees upside from current levels.
• Positive Sentiment: Quanta remains a key beneficiary of grid expansion and AI infrastructure demand, a multi-year theme that supports backlog and revenue visibility.
• Neutral Sentiment: Recent coverage has highlighted Quanta as a high-quality infrastructure winner, but the stock had already rallied strongly, making it vulnerable to profit-taking.
• Negative Sentiment: Recent insider Form 4 activity and a history of insider sales are weighing on sentiment, even though the filings may be related to equity awards rather than outright bearish trading.
• Negative Sentiment: Investors also appear to be de-risking higher-multiple industrial and infrastructure names after the stock’s sharp prior advance.

Analyst Upgrades and Downgrades

PWR has been the topic of a number of research analyst reports. Mizuho raised their target price on shares of Quanta Services from $580.00 to $693.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. DA Davidson raised their target price on shares of Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Truist Financial set a $851.00 target price on shares of Quanta Services in a research report on Friday, May 1st. BNP Paribas Exane assumed coverage on shares of Quanta Services in a research note on Tuesday, April 14th. They set a “neutral” rating for the company. Finally, UBS Group raised their price target on shares of Quanta Services from $646.00 to $900.00 and gave the company a “buy” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and a consensus target price of $733.87.

Quanta Services Price Performance

PWR stock opened at $651.28 on Thursday. The company has a fifty day moving average price of $669.57 and a 200-day moving average price of $553.70. The company has a market capitalization of $97.73 billion, a P/E ratio of 89.34, a PEG ratio of 2.72 and a beta of 1.20. Quanta Services, Inc. has a 52-week low of $345.37 and a 52-week high of $788.75. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14.

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, 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 net margin of 3.67% and a return on equity of 18.64%. The company’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, equities analysts expect that Quanta Services, Inc. will post 12.81 EPS for the current year.

Quanta Services declared that its Board of Directors has authorized a share repurchase program on Friday, May 22nd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to buy up to 0.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Quanta Services Announces Dividend

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