CHICAGO TRUST Co NA Sells 1,202 Shares of Quanta Services, Inc. $PWR

CHICAGO TRUST Co NA reduced its position in Quanta Services, Inc. (NYSE:PWR) by 37.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,997 shares of the construction company’s stock after selling 1,202 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Quanta Services were worth $1,096,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. State Street Corp lifted its stake in Quanta Services by 2.1% in the 4th quarter. State Street Corp now owns 6,206,761 shares of the construction company’s stock worth $2,619,626,000 after purchasing an additional 126,014 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Quanta Services by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 4,086,544 shares of the construction company’s stock worth $1,718,371,000 after purchasing an additional 110,360 shares during the period. Bank of America Corp DE increased its holdings in shares of Quanta Services by 35.6% in the third quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock worth $1,208,672,000 after purchasing an additional 765,822 shares during the period. Victory Capital Management Inc. raised its position in shares of Quanta Services by 35.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock worth $1,230,493,000 after buying an additional 758,862 shares in the last quarter. Finally, Norges Bank bought a new stake in Quanta Services during the fourth quarter valued at $817,285,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Key Headlines Impacting Quanta Services

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

• Positive Sentiment: Quanta continues to benefit from strong demand tied to grid modernization, data centers, AI infrastructure, broadband expansion, and energy projects, which supports a long runway for revenue growth. Quanta vs. MasTec: Which Infrastructure Stock Is the Better Buy?
• Positive Sentiment: The company’s latest results were strong, with Q1 2026 revenue of $7.87 billion, adjusted EPS of $2.68, and record backlog of $48.5 billion, reinforcing the bullish growth story. Quanta Services Slides as Pullback Appears Tied to Valuation and a Lack of Fresh Catalysts
• Positive Sentiment: Management recently raised full-year 2026 expectations and authorized a new $1 billion share repurchase program, both of which suggest confidence in future earnings and capital returns. Quanta Services Slides as Pullback Appears Tied to Valuation and a Lack of Fresh Catalysts
• Neutral Sentiment: Several recent articles continue to highlight PWR as a growth and momentum stock, keeping investor attention on its long-term infrastructure exposure rather than on any near-term operational issue. Here’s Why Quanta Services (PWR) is a Strong Growth Stock
• Neutral Sentiment: Analyst coverage remains constructive, with multiple recent price targets clustered above the current trading range, which may help limit downside if fundamentals stay intact. Quanta Services Slides as Pullback Appears Tied to Valuation and a Lack of Fresh Catalysts
• Negative Sentiment: The stock’s recent weakness appears tied to profit-taking after a strong run, as investors reassess its rich valuation while waiting for the next major catalyst. Quanta Services Slides as Pullback Appears Tied to Valuation and a Lack of Fresh Catalysts
• Negative Sentiment: One additional concern for some investors is that insiders have reportedly made multiple sales over the past six months, which can add to caution during a valuation-driven pullback. Quanta Services Slides as Pullback Appears Tied to Valuation and a Lack of Fresh Catalysts

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. The Goldman Sachs Group upped their target price on Quanta Services from $685.00 to $826.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. lifted their price target on Quanta Services from $627.00 to $805.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. BMO Capital Markets boosted their price objective on Quanta Services from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Evercore raised their target price on shares of Quanta Services from $635.00 to $800.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Finally, Stifel Nicolaus set a $784.00 target price on shares of Quanta Services in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and an average price target of $751.14.

Quanta Services Stock Performance

NYSE PWR opened at $692.00 on Thursday. The company has a 50-day simple moving average of $709.21 and a two-hundred day simple moving average of $580.41. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57. Quanta Services, Inc. has a 12-month low of $363.01 and a 12-month high of $788.75. The firm has a market cap of $103.84 billion, a price-to-earnings ratio of 94.92, a PEG ratio of 2.83 and a beta of 1.21.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.64. The company had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7 billion. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.Quanta Services’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, equities analysts forecast that Quanta Services, Inc. will post 12.81 EPS for the current year.

Quanta Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend 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 announced that its Board of Directors has approved a share buyback plan on Friday, May 22nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to reacquire up to 0.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In related news, CAO Paul Nobel sold 4,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was 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 of the company’s stock, valued at $6,116,398.40. This trade represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total value of $20,032,294.32. Following the transaction, the chief executive officer directly owned 16,508 shares of the company’s stock, valued at $12,722,880.68. The trade was a 61.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 159,992 shares of company stock worth $123,244,714. Insiders own 0.60% of the company’s stock.

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.