Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $10.56 Million Position in Quanta Services, Inc. $PWR

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 3,450.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,490 shares of the construction company’s stock after purchasing an additional 24,772 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Quanta Services were worth $10,564,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PWR. Norges Bank bought a new position in Quanta Services in the 2nd quarter worth $675,802,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Quanta Services by 57.2% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock valued at $917,009,000 after purchasing an additional 882,209 shares during the last quarter. Select Equity Group L.P. increased its stake in shares of Quanta Services by 69.3% in the second quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock worth $384,554,000 after purchasing an additional 416,395 shares during the period. Vanguard Group Inc. lifted its position in shares of Quanta Services by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock worth $7,519,079,000 after purchasing an additional 386,937 shares during the last quarter. Finally, DAVENPORT & Co LLC bought a new stake in Quanta Services during the 3rd quarter valued at approximately $97,080,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

More 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 Price 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. The company has a 50-day moving average of $464.58 and a 200-day moving average of $433.72. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $565.93. The company has a market capitalization of $82.40 billion, a price-to-earnings ratio of 81.26, a PEG ratio of 2.68 and a beta of 1.15.

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

Analyst Upgrades and Downgrades

PWR has been the topic of several recent analyst reports. Robert W. Baird lifted their price target on Quanta Services from $490.00 to $606.00 and gave the stock an “outperform” rating in a research report on Friday. Jefferies Financial Group dropped their target price on shares of Quanta Services from $517.00 to $506.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Argus set a $540.00 target price on shares of Quanta Services in a research note on Friday, October 31st. The Goldman Sachs Group set a $495.00 price target on shares of Quanta Services in a research report on Monday, November 24th. Finally, Citigroup upped their price objective on shares of Quanta Services from $540.00 to $640.00 and gave the company a “buy” rating in a research report on Friday. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and a consensus target price of $525.85.

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.