Independent Financial Group LLC Takes $837,000 Position in Quanta Services, Inc. $PWR

Independent Financial Group LLC bought a new position in Quanta Services, Inc. (NYSE:PWR) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,524 shares of the construction company’s stock, valued at approximately $837,000.

Several other hedge funds also recently added to or reduced their stakes in the company. SouthState Bank Corp boosted its position in shares of Quanta Services by 23.5% during the first quarter. SouthState Bank Corp now owns 84 shares of the construction company’s stock valued at $46,000 after buying an additional 16 shares during the period. Lewis Asset Management LLC lifted its stake in shares of Quanta Services by 2.5% during the 1st quarter. Lewis Asset Management LLC now owns 692 shares of the construction company’s stock worth $380,000 after acquiring an additional 17 shares during the last quarter. Stiles Financial Services Inc boosted its holdings in Quanta Services by 1.8% during the 1st quarter. Stiles Financial Services Inc now owns 987 shares of the construction company’s stock valued at $542,000 after acquiring an additional 17 shares during the period. Ethos Financial Group LLC grew its position in Quanta Services by 1.8% in the 1st quarter. Ethos Financial Group LLC now owns 1,064 shares of the construction company’s stock valued at $584,000 after acquiring an additional 19 shares during the last quarter. Finally, Arete Wealth Advisors LLC grew its position in Quanta Services by 2.2% in the 4th quarter. Arete Wealth Advisors LLC now owns 917 shares of the construction company’s stock valued at $387,000 after acquiring an additional 20 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors.

Insider Activity at Quanta Services

In other Quanta Services news, CEO Earl C. Jr. Austin sold 130,000 shares of the stock in a transaction 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 sale, the chief executive officer owned 556,911 shares of the company’s stock, valued at approximately $429,183,462.15. This trade represents a 18.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $756.98, for a total value of $3,027,920.00. Following the sale, the chief accounting officer directly owned 8,080 shares in the company, valued at $6,116,398.40. This trade represents a 33.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 159,992 shares of company stock worth $123,244,714. 0.60% of the stock is currently owned by corporate insiders.

Key Quanta Services News

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

• Positive Sentiment: Quanta was named the 2026 Top U.S. Solar Solutions Provider by Solar Power World for the third time in four years, highlighting its leadership in solar project execution and its ability to win large renewable-energy contracts. Quanta Services Named 2026 Top U.S. Solar Solutions Provider by Solar Power World
• Positive Sentiment: Analysts and investors are pointing to Quanta’s execution certainty as a competitive advantage, especially as utilities and technology customers ramp up spending on large, complex infrastructure projects. Can Quanta’s Execution Certainty Strengthen Its Competitive Position?
• Positive Sentiment: JPMorgan reaffirmed a Neutral rating but set a $714 price target, which is above the current share price and suggests upside if execution remains strong. JPMorgan rating update via Benzinga
• Neutral Sentiment: Market commentary noted that PWR has outpaced the broader market in the latest session, reflecting continued investor interest but not a new fundamental catalyst. Quanta Services (PWR) Outpaces Stock Market Gains: What You Should Know
• Neutral Sentiment: One article argued the stock may look pricey on cash flow and earnings, which could limit near-term upside if valuation concerns gain traction. Quanta Services (PWR) Stock Looks Pricey On Cash Flow And Earnings
• Neutral Sentiment: NZS Capital said it strengthened its position in Quanta in a quarterly letter, but the note was broader portfolio commentary rather than a company-specific catalyst. NZS Capital Quanta Services position update

Analyst Ratings Changes

Several analysts have recently weighed in on PWR shares. Oppenheimer upgraded Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 target price for the company in a research report on Thursday, May 28th. Wall Street Zen upgraded shares of Quanta Services from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings lowered shares of Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. UBS Group boosted their price objective on shares of Quanta Services from $646.00 to $900.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Robert W. Baird upped their target price on shares of Quanta Services from $606.00 to $777.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $745.55.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $638.74 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57. The stock’s fifty day moving average price is $698.00 and its 200-day moving average price is $602.38. The firm has a market cap of $95.85 billion, a P/E ratio of 87.62, a P/E/G ratio of 2.49 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 issued its 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 for the quarter, compared to analysts’ expectations of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The firm’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, equities research analysts expect that Quanta Services, Inc. will post 12.8 earnings per share for the current fiscal year.

Quanta Services announced that its Board of Directors has authorized a share repurchase plan on Friday, May 22nd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to buy up to 0.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Quanta Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.11 per share. The ex-dividend date was Wednesday, July 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is currently 6.04%.

About Quanta Services

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.