Joho Capital LLC Cuts Stock Position in Quanta Services, Inc. $PWR

18 Jun 2026, 14:48 by Mitch Edgeman · The Markets Daily

Joho Capital LLC decreased its position in Quanta Services, Inc. (NYSE:PWR – Free Report) by 96.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,110 shares of the construction company’s stock after selling 112,383 shares during the quarter. Quanta Services comprises approximately 0.4% of Joho Capital LLC’s investment portfolio, making the stock its 8th largest position. Joho Capital LLC’s holdings in Quanta Services were worth $1,735,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in PWR. Gotham Asset Management LLC raised its position in Quanta Services by 21.7% in the 4th quarter. Gotham Asset Management LLC now owns 25,554 shares of the construction company’s stock worth $10,785,000 after buying an additional 4,561 shares during the last quarter. Engineers Gate Manager LP bought a new position in Quanta Services during the fourth quarter valued at approximately $355,000. Cinctive Capital Management LP raised its stake in Quanta Services by 193.5% during the 4th quarter. Cinctive Capital Management LP now owns 18,235 shares of the construction company’s stock valued at $7,696,000 after buying an additional 12,022 shares during the last quarter. City National Bank of Florida MSD boosted its stake in shares of Quanta Services by 11.6% in the 4th quarter. City National Bank of Florida MSD now owns 1,594 shares of the construction company’s stock worth $673,000 after buying an additional 166 shares during the last quarter. Finally, Clough Capital Partners L P increased its position in Quanta Services by 60.5% during the fourth quarter. Clough Capital Partners L P now owns 4,509 shares of the construction company’s stock valued at $1,903,000 after acquiring an additional 1,699 shares during the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Quanta Services news, CEO Earl C. Jr. Austin sold 25,992 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer owned 16,508 shares of the company’s stock, valued at approximately $12,722,880.68. This trade represents a 61.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of the company’s stock in a transaction on 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 owned 8,080 shares of the company’s stock, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 159,992 shares of company stock valued at $123,244,714 in the last quarter. 0.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PWR. TD Cowen boosted their price target on Quanta Services from $570.00 to $775.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Oppenheimer upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price target on the stock in a research report on Thursday, May 28th. UBS Group upped their price objective on Quanta Services from $646.00 to $900.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Truist Financial set a $851.00 price objective on Quanta Services in a research note on Friday, May 1st. Finally, BNP Paribas Exane started coverage on shares of Quanta Services in a report on Tuesday, April 14th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $733.87.

Get Our Latest Report on PWR

Quanta Services Trading Down 0.7%

PWR stock opened at $714.41 on Thursday. The firm has a fifty day moving average price of $684.87 and a 200 day moving average price of $562.90. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14. Quanta Services, Inc. has a fifty-two week low of $358.27 and a fifty-two week high of $788.75. The firm has a market cap of $107.20 billion, a PE ratio of 98.00, a price-to-earnings-growth ratio of 2.83 and a beta of 1.20.

Quanta Services (NYSE:PWR – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.64. The business had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7 billion. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The company’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same period last year, the company earned $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Sell-side analysts anticipate that Quanta Services, Inc. will post 12.81 earnings per share for the current fiscal year.

Quanta Services announced that its Board of Directors has authorized a share repurchase program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Wednesday, July 1st will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, July 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is presently 6.04%.

About Quanta Services

(Free Report)

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.