DAVENPORT 13F: Cuts Quanta Services (PWR) Stake by $26M

Davenport trimmed its exposure to Quanta Services, Inc. PWR on the New York Stock Exchange, reducing its stake by 28.5% during the period covered in a Form 13F filing with the SEC on October 14, 2026. Keep in mind that 13F reports look backward at positions held at the close of a quarter, meaning this filing may not reflect the firm's current holdings today.

What Changed in Davenport's Quanta Services Position

Davenport lowered its holdings by 41,057 shares during the quarter, leaving the fund with 103,114 shares. The remaining stake carried a reported value of $66,480,696.00 at the end of the period, down from its previous total of 144,171 shares.

Other Institutional Activity in Quanta Services

Other large funds made notable adjustments to their positions in the engineering firm during the same window. Blackrock Inc. reduced its holdings by 989,149 shares, ending with 13,061,264 shares worth about $8,252,890,079.00. Vanguard Capital Management LLC grew its holdings by 96,091 shares, ending with 9,802,251 shares worth about $6,193,650,173.00. Vanguard Portfolio Management LLC grew its holdings by 56,344 shares, ending with 6,927,511 shares worth about $4,377,216,998.00. State Street Corporation grew its holdings by 296,659 shares, ending with 6,581,807 shares worth about $4,158,780,474.00. JPMORGAN CHASE & CO reduced its holdings by 764,603 shares, ending with 5,308,495 shares worth about $3,354,225,572.00.

Quanta Services, Inc. Stock Down 4.2%

Quanta Services shares recently traded around $632.50 as of October 16, 2026. The stock sits below its 50-day moving average of $651.13 and above its 200-day moving average of $617.23. The company carries a market capitalization of roughly $96.55 billion and a forward P/E ratio of 32.34.

Recent Earnings

Quanta Services reported trailing twelve-month revenue of $32.91 billion and earnings of $8.73 per share. The firm posted a net profit margin of 4.0% and a return on equity of 15.3%. Investors look ahead to the company's next earnings report scheduled for October 29, 2026.

Dividend

Quanta Services pays an annual dividend yielding 0.07% with a payout ratio of 4.9%.

Insider Buying and Selling at Quanta Services, Inc.

Company insiders executed several transactions prior to the filing. General Counsel Donald Charles Wayne sold 14,000 shares for a total value of $6,213,343.00 on November 6, 2025. Officer Gerald A Ducey Jr sold 7,653 shares at an average price of $446.08 for a total value of $3,413,850.00 on November 6, 2025. Officer Paul M Nobel sold 4,000 shares at an average price of $756.98 for a total value of $3,027,920.00 on May 4, 2026. Chief Executive Officer Earl Charles Austin Jr sold 155,992 shares for a total value of $120,216,530.00 on May 5, 2026.

Analysts Set New Price Targets

Wall Street research firms have adjusted their views on the stock in recent months. On August 7, 2026, Keybanc upgraded the stock with an Overweight rating and an $807.00 price target. Piper Sandler initiated coverage on September 9, 2026, with an Overweight rating and a $731.00 price target. Bernstein upgraded the stock to Outperform on September 24, 2026, raising its target from $748.00 to $775.00. Piper Sandler maintained an Overweight rating on September 28, 2026, adjusting its target from $731.00 to $714.00. Truist Securities maintained a Buy rating on October 5, 2026, adjusting its target from $976.00 to $945.00. Overall, analysts hold a strong buy consensus on Quanta Services with a mean price target of $766.01.

About Quanta Services, Inc.

Headquartered in Houston, Texas, Quanta Services provides specialized infrastructure solutions for electric and gas utilities, power generation facilities, communications networks, and pipelines. The firm plays a key role in building out large-scale energy grids and upgrading industrial infrastructure across North America.

Bottom Line

Davenport's reduced position highlights shifting institutional sentiment during the period. Investors will get a clearer picture of the company's operational health when management delivers its next financial update on October 29, 2026. 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.