Citigroup Inc. Sells 53,290 Shares of Quanta Services, Inc. $PWR

Citigroup Inc. trimmed its position in shares of Quanta Services, Inc. (NYSE:PWR) by 9.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 503,307 shares of the construction company’s stock after selling 53,290 shares during the period. Citigroup Inc. owned 0.34% of Quanta Services worth $208,581,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new position in shares of Quanta Services during the 2nd quarter worth approximately $26,000. Activest Wealth Management lifted its holdings in Quanta Services by 94.1% during the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after purchasing an additional 32 shares during the last quarter. Solstein Capital LLC boosted its position in Quanta Services by 185.7% during the second quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock worth $30,000 after purchasing an additional 52 shares during the period. Cornerstone Planning Group LLC increased its holdings in shares of Quanta Services by 213.0% in the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after purchasing an additional 49 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Quanta Services in the second quarter valued at $37,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Key Quanta Services News

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

• Positive Sentiment: Q4 beat and record backlog — Quanta posted Q4 revenue of $7.84B and adjusted EPS of $3.16 (above estimates), with year-end total backlog near $44B, strengthening revenue visibility. Read More.
• Positive Sentiment: Strong FY2026 guidance — management set adjusted EPS of $12.65–$13.35 and revenue of ~$33.25–$33.75B, well above consensus, signaling double‑digit growth expectations that underpin valuation re-rating. Read More.
• Positive Sentiment: Analysts raising targets — UBS boosted its PT to $646 (buy) and Truist raised its PT to $643, reflecting upgraded earnings/valuation assumptions and creating further upside reference points for investors. Read More.
• Neutral Sentiment: Earnings call and analyst commentary — management emphasized accelerating electric-infrastructure demand and tuck-in acquisitions; call transcripts and summaries provide color on margin drivers and backlog composition. Read More.
• Negative Sentiment: Insider and institutional flows mixed — recent reporting shows notable insider sales and some large institutional position reductions alongside others adding shares; such flows can add volatility and signal portfolio rebalancing. Read More.

Quanta Services Stock Performance

NYSE:PWR opened at $552.59 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.14. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $565.93. The company has a market cap of $82.40 billion, a price-to-earnings ratio of 81.26, a PEG ratio of 2.68 and a beta of 1.15. The stock has a fifty day moving average price of $464.58 and a 200-day moving average price of $434.03.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The business had revenue of $7.84 billion during the quarter, compared to analysts’ expectations of $7.38 billion. During the same quarter in the prior year, the business posted $2.94 earnings per share. Quanta Services’s revenue was up 19.7% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, equities analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PWR has been the subject of several research analyst reports. Cantor Fitzgerald lifted their target price on shares of Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a report on Friday. Evercore restated an “outperform” rating and set a $604.00 price objective on shares of Quanta Services in a report on Friday. Argus set a $540.00 target price on Quanta Services in a research report on Friday, October 31st. The Goldman Sachs Group set a $495.00 price target on Quanta Services in a report on Monday, November 24th. Finally, B. Riley Financial boosted their price target on Quanta Services from $450.00 to $565.00 and gave the company a “neutral” rating in a research note on Friday. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $525.85.

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.