Truist Financial Corp Acquires 6,229 Shares of Quanta Services, Inc. $PWR

Truist Financial Corp grew its holdings in Quanta Services, Inc. (NYSE:PWR) by 1.3% in the 4th quarter, Holdings Channel reports. The fund owned 485,010 shares of the construction company’s stock after purchasing an additional 6,229 shares during the quarter. Truist Financial Corp’s holdings in Quanta Services were worth $204,703,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PWR. Brighton Jones LLC bought a new stake in shares of Quanta Services in the fourth quarter worth about $298,000. Woodline Partners LP increased its holdings in shares of Quanta Services by 40.7% in the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after acquiring an additional 3,606 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Quanta Services during the second quarter worth about $4,632,000. Marshall Wace LLP acquired a new position in shares of Quanta Services during the second quarter worth about $996,000. Finally, StoneX Group Inc. acquired a new position in shares of Quanta Services during the second quarter worth about $204,000. 90.49% of the stock is currently owned by institutional investors.

Key Quanta Services News

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

• Positive Sentiment: Record Q1 results and guidance lift — Quanta reported $7.87B revenue and adjusted EPS $2.68 (well above estimates), disclosed record backlog/RPO and raised FY‑2026 guidance to $13.55–$14.25 EPS and ~$34.7–$35.2B revenue; this operational beat and higher outlook underpin the rally. PR Newswire: Q1 Results
• Positive Sentiment: Top-line and execution coverage — multiple outlets highlight the EPS/revenue beat and raised outlook, signaling broad market recognition of stronger infrastructure demand and margin improvement. Zacks: Q1 Earnings Top Estimates
• Positive Sentiment: Major broker upgrades/target hikes — Several firms raised price targets and kept/added outperform/overweight ratings (BMO to $800, Evercore to $800, JPMorgan to $805, Robert W. Baird to $777). These increases endorse the company’s growth trajectory and likely attract additional demand for the stock. MarketScreener: BMO MarketScreener: Evercore MarketScreener: JPMorgan
• Neutral Sentiment: Market commentary and transcript coverage — Coverage from The Motley Fool, Seeking Alpha and other outlets explains the rally and details from the earnings call; useful for context but less likely to move price than hard results or broker actions. Fool: Why Quanta Is Powering Higher Seeking Alpha: Q1 Call Transcript
• Negative Sentiment: One dissenting analyst view — Mizuho raised its target to $693 but kept a neutral rating; that PT sits below the current share price and could temper gains if investors focus on that lower valuation. MarketScreener: Mizuho

Quanta Services Stock Performance

Shares of NYSE PWR opened at $741.44 on Monday. The stock has a 50 day moving average price of $578.99 and a 200 day moving average price of $498.52. Quanta Services, Inc. has a 52 week low of $315.00 and a 52 week high of $742.33. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14. The stock has a market capitalization of $111.26 billion, a PE ratio of 101.71, a price-to-earnings-growth ratio of 3.37 and a beta of 1.24.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating the consensus estimate of $2.04 by $0.64. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The firm had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7 billion. During the same period in the prior year, the firm posted $1.78 earnings per share. The business’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. Analysts predict that Quanta Services, Inc. will post 11.97 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Thursday, April 2nd were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s dividend payout ratio is 6.04%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PWR. B. Riley Financial reaffirmed a “neutral” rating on shares of Quanta Services in a research report on Friday. Cantor Fitzgerald upped their price objective on Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Mizuho upped their price objective on Quanta Services from $580.00 to $693.00 and gave the stock a “neutral” rating in a research report on Friday. Wolfe Research upped their price objective on Quanta Services from $477.00 to $576.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Finally, TD Cowen upped their price objective on Quanta Services from $425.00 to $570.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Eighteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $650.73.

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.