Sterling Capital Management LLC Sells 2,257 Shares of Quanta Services, Inc. $PWR

Sterling Capital Management LLC reduced its position in Quanta Services, Inc. (NYSE:PWR) by 29.8% in the third quarter, Holdings Channel.com reports. The fund owned 5,309 shares of the construction company’s stock after selling 2,257 shares during the period. Sterling Capital Management LLC’s holdings in Quanta Services were worth $3,411,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp boosted 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 during the last quarter. Bank of America Corp DE raised its stake in shares of Quanta Services by 5.4% in the first quarter. Bank of America Corp DE now owns 3,444,711 shares of the construction company’s stock worth $1,891,215,000 after purchasing an additional 175,184 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Quanta Services by 7.1% during the first 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 in the last quarter. First Trust Advisors LP lifted 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 purchasing an additional 155,529 shares in the last quarter. Finally, Amundi boosted its position in shares of Quanta Services by 10.3% during the first quarter. Amundi now owns 580,718 shares of the construction company’s stock valued at $318,826,000 after buying an additional 54,237 shares during the last quarter. 90.49% of the stock is owned by institutional investors.

Key Quanta Services News

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

Wall Street Analyst Weigh In

Several research firms recently commented on PWR. Cantor Fitzgerald reiterated an “overweight” rating and issued a $862.00 price objective on shares of Quanta Services in a report on Monday, October 5th. KeyCorp upgraded shares of Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 target price on the stock in a research note on Friday, August 7th. Jefferies Financial Group reaffirmed a “buy” rating and set a $833.00 price target on shares of Quanta Services in a report on Thursday, August 13th. Wall Street Zen lowered shares of Quanta Services from a “buy” rating to a “hold” rating in a research note on Saturday, September 12th. Finally, Truist Financial decreased their price objective on shares of Quanta Services from $976.00 to $945.00 and set a “buy” rating for the company in a report on Monday, October 5th. 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $761.24.

Quanta Services Stock Performance

PWR opened at $546.89 on Monday. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. The company has a market cap of $82.22 billion, a price-to-earnings ratio of 62.64, a PEG ratio of 1.61 and a beta of 1.27. The company’s 50 day moving average is $640.38 and its 200 day moving average is $663.97. Quanta Services, Inc. has a 12-month low of $408.36 and a 12-month high of $788.75.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The business had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $8.61 billion. During the same period in the prior year, the company earned $2.48 earnings per share. The firm’s revenue was up 41.1% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, equities research analysts predict that Quanta Services, Inc. will post 15.37 EPS for the current year.

Quanta Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services’s payout ratio is presently 5.04%.

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.