Quanta Services (NYSE:PWR) Stock Price Down 6.9% – Time to Sell?

Quanta Services, Inc. (NYSE:PWR) shares were down 6.9% on Wednesday . The company traded as low as $645.62 and last traded at $644.5180. Approximately 402,872 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 1,118,338 shares. The stock had previously closed at $691.95.

Key Headlines Impacting Quanta Services

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

• Positive Sentiment: Quanta’s latest quarterly results were strong, with EPS and revenue both beating expectations and management raising full-year 2026 guidance, reinforcing a healthy demand backdrop tied to grid modernization and infrastructure spending.
• Positive Sentiment: The company continues to benefit from long-term AI/data-center infrastructure demand, since its work expanding electrical grid capacity supports the power needs behind new data centers and broader utility upgrades.
• Positive Sentiment: Analysts remain constructive, with multiple recent price targets above the current share price and a median target well above recent trading levels.
• Neutral Sentiment: Recent commentary from market watchers continues to highlight Quanta as a high-quality infrastructure name with a durable growth runway, which keeps longer-term investor interest intact.
• Negative Sentiment: Recent insider activity and multiple Form 4 filings may be adding to bearish sentiment, even if some of the transactions are related to equity awards rather than discretionary selling.
• Negative Sentiment: After a substantial run-up, the stock’s rich valuation is making it more vulnerable to profit-taking and de-risking, especially if investors want a pause before the next catalyst.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PWR shares. JPMorgan Chase & Co. raised their price objective on shares of Quanta Services from $627.00 to $805.00 and gave the company an “overweight” rating in a report on Friday, May 1st. UBS Group lifted their price target on shares of Quanta Services from $646.00 to $900.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Robert W. Baird lifted their price target 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. The Goldman Sachs Group lifted their price target on shares of Quanta Services from $685.00 to $826.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $733.87.

Quanta Services Trading Down 5.2%

The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09. The business’s 50 day moving average price is $667.21 and its 200-day moving average price is $552.14. The firm has a market capitalization of $98.39 billion, a price-to-earnings ratio of 90.04, a price-to-earnings-growth ratio of 2.73 and a beta of 1.20.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.64. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The business had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7 billion. During the same period in the previous year, the business posted $1.78 earnings per share. The business’s 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. Equities analysts forecast that Quanta Services, Inc. will post 12.81 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be given a $0.11 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s dividend payout ratio is presently 6.04%.

Quanta Services declared that its board has initiated a stock buyback program on Friday, May 22nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to buy up to 0.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Quanta Services

In related news, CAO Paul Nobel sold 4,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $756.98, for a total transaction of $3,027,920.00. Following the sale, the chief accounting officer owned 8,080 shares of the company’s stock, valued at approximately $6,116,398.40. The trade was a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the sale, the chief executive officer directly owned 16,508 shares in the company, valued at approximately $12,722,880.68. This represents a 61.16% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 159,992 shares of company stock worth $123,244,714. 0.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Bartlett & CO. Wealth Management LLC grew its holdings in Quanta Services by 2.6% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 513 shares of the construction company’s stock valued at $282,000 after buying an additional 13 shares during the last quarter. Pincus Capital Management LP raised its holdings in shares of Quanta Services by 0.4% in the first quarter. Pincus Capital Management LP now owns 3,690 shares of the construction company’s stock worth $2,026,000 after acquiring an additional 15 shares during the last quarter. SouthState Bank Corp boosted its stake 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 acquiring an additional 16 shares during the last quarter. Lewis Asset Management LLC boosted its stake in shares of Quanta Services by 2.5% during the first quarter. Lewis Asset Management LLC now owns 692 shares of the construction company’s stock valued at $380,000 after acquiring an additional 17 shares during the last quarter. Finally, Stiles Financial Services Inc boosted its stake in shares of Quanta Services by 1.8% during the first 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 last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

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.