AlphaStar Capital Management 13F: Exits PWR Stake

AlphaStar Capital Management sold all 3,974 shares of Quanta Services, Inc. (NYSE: PWR) in a filing on October 16, 2026. This move reflects a complete exit from a position previously valued at about $2.51 million based on recent prices.

What Changed in AlphaStar Capital Management's Quanta Services Position

AlphaStar Capital fully exited its position in Quanta Services, cutting its holdings by 3,974 shares. This represents a 100% decrease, taking its stake down to zero shares.

Other Institutional Activity in Quanta Services

Several other institutional investors have adjusted their positions in Quanta Services recently. Blackrock Inc. reduced its stake by 989,149 shares, ending with 13,061,264 shares valued at approximately $8.25 billion. In contrast, Vanguard Capital Management LLC added 96,091 shares, bringing its total to 9,802,251 shares worth about $6.19 billion. State Street Corporation also increased its holdings by 296,659 shares, now totaling 6,581,807 shares valued at around $4.16 billion.

Quanta Services, Inc. Stock Down 4.2%

Quanta Services recently traded around $632.50, which is below its 50-day moving average of $651.13, indicating some downward pressure. The stock is also trading about 19.8% below its 52-week high of $788.75. However, it remains 56.4% above its 52-week low of $404.51.

Recent Earnings

For the trailing twelve months, Quanta Services reported revenue of approximately $32.91 billion and an EPS of $8.73. The company has shown strong revenue growth of 41.1% year-over-year. Quanta Services is set to announce its next earnings on October 29, 2026.

Insider Buying and Selling at Quanta Services, Inc.

Recent insider transactions included sales from various executives. General Counsel Donald Charles Wayne sold 14,000 shares on November 6, 2025. Officer Gerald A Ducey Jr. sold 7,653 shares at an average price of $446.08, amounting to about $3.41 million. CEO Earl Charles Austin Jr. also reported selling 155,992 shares, valued at around $120.22 million.

Analysts Set New Price Targets

On August 7, 2026, Keybanc upgraded Quanta Services to an Overweight rating with a target of $807. Piper Sandler initiated coverage on September 9, 2026, also giving it an Overweight rating with a target of $731. Bernstein upgraded its rating on September 24, 2026, increasing its price target to $775 from $748.

About Quanta Services

Quanta Services, Inc. is a leading provider of infrastructure solutions across multiple sectors, including electric and gas utilities, telecommunications, and renewables. The company's diverse services position it well in the growing energy market.

Bottom Line

Keep an eye on Quanta Services as it prepares to release its earnings on October 29, 2026. AlphaStar Capital's exit from its position may signal a change in investor sentiment, but the overall analyst outlook remains positive. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.