Rep. Dwight Evans Sells Off Shares of Quanta Services, Inc. (NYSE:PWR)

Representative Dwight Evans (Democratic-Pennsylvania) recently sold shares of Quanta Services, Inc. (NYSE:PWR). In a filing disclosed on May 15th, the Representative disclosed that they had sold between $1,001 and $15,000 in Quanta Services stock on May 7th. The trade occurred in the Representative’s “CETERA” account.

Representative Dwight Evans also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of American Tower (NYSE:AMT) on 5/11/2026.
• Sold $1,001 – $15,000 in shares of Thermo Fisher Scientific (NYSE:TMO) on 5/7/2026.
• Sold $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 5/7/2026.
• Sold $15,001 – $50,000 in shares of Micron Technology (NASDAQ:MU) on 3/24/2026.

Quanta Services Stock Down 1.1%

Quanta Services stock traded down $8.14 during trading hours on Tuesday, hitting $714.89. The stock had a trading volume of 1,652,731 shares, compared to its average volume of 1,135,693. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $107.28 billion, a P/E ratio of 98.06, a price-to-earnings-growth ratio of 2.64 and a beta of 1.24. Quanta Services, Inc. has a 12-month low of $320.56 and a 12-month high of $788.75. The stock’s 50-day moving average price is $619.54 and its 200-day moving average price is $521.74.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 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 firm had revenue of $7.87 billion during 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 for the quarter was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Equities research analysts anticipate that Quanta Services, Inc. will post 12.84 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s payout ratio is 6.04%.

Analysts Set New Price Targets

PWR has been the topic of several research reports. TD Cowen raised their target price on shares of Quanta Services from $570.00 to $775.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Mizuho raised their target price on shares of Quanta Services from $580.00 to $693.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. UBS Group boosted their target price 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. Citigroup boosted their target price on shares of Quanta Services from $640.00 to $733.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Finally, Sanford C. Bernstein boosted their target price on shares of Quanta Services from $538.00 to $725.00 and gave the company a “market perform” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $708.05.

Insiders Place Their Bets

In related news, CAO Paul Nobel sold 4,000 shares of the company’s stock in a transaction on 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 $6,116,398.40. This 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 on Tuesday, May 5th. The shares were 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. The trade was a 61.16% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 159,992 shares of company stock worth $123,244,714. 0.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Quanta Services

Several large investors have recently added to or reduced their stakes in PWR. Bank of America Corp DE lifted its holdings in shares of Quanta Services by 5.4% in the first quarter. Bank of America Corp DE now owns 3,444,711 shares of the construction company’s stock worth $1,891,215,000 after buying an additional 175,184 shares in the last quarter. Kentucky Retirement Systems lifted its holdings in shares of Quanta Services by 92.8% in the first quarter. Kentucky Retirement Systems now owns 17,822 shares of the construction company’s stock worth $9,785,000 after buying an additional 8,576 shares in the last quarter. Centaurus Financial Inc. lifted its holdings in shares of Quanta Services by 7.8% in the first quarter. Centaurus Financial Inc. now owns 1,801 shares of the construction company’s stock worth $989,000 after buying an additional 131 shares in the last quarter. Strategic Investment Advisors MI purchased a new position in shares of Quanta Services in the first quarter worth $127,000. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Quanta Services by 130.8% in the first quarter. Sunbelt Securities Inc. now owns 810 shares of the construction company’s stock worth $445,000 after buying an additional 459 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

About Representative Evans

Dwight Evans (Democratic Party) is a member of the U.S. House, representing Pennsylvania’s 3rd Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027.

Evans (Democratic Party) is running for re-election to the U.S. House to represent Pennsylvania’s 3rd Congressional District. He declared candidacy for the 2026 election.

Evans earned his A.A. from the Community College of Philadelphia in 1973 and his bachelor’s degree from La Salle College in 1975. He then attended Graduate Work at Temple University from 1975 to 1976. His professional experience includes working as an employment counselor/job developer for the Urban League of Philadelphia and as a teacher in the Philadelphia Public School System.

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.