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Why Quanta Services (PWR) Stock Is Down Today

Investivoq PriceTracker

Quanta Services (PWR) is down 4.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely explanation is a valuation-driven pullback rather than a clear negative company-specific event. Quanta recently scheduled its next earnings report for October 29, 2026, but did not pair that announcement with a material business update, and the stock had already logged a very strong 2026 run, which can leave shares vulnerable to profit-taking ahead of earnings. ([investors.quantaservices.com](https://investors.quantaservices.com/news-events/press-releases/detail/406/quanta-services-announces-third-quarter-2026-earnings-release-webcast-schedule?utm_source=openai))

Details:

  • Quanta’s latest investor relations update, released on October 13, 2026, was an announcement that third-quarter results will be released on October 29, 2026, before the market opens. ([investors.quantaservices.com](https://investors.quantaservices.com/news-events/press-releases/detail/406/quanta-services-announces-third-quarter-2026-earnings-release-webcast-schedule?utm_source=openai))
  • That announcement did not disclose a new operational setback, guidance cut, or other obvious negative catalyst. ([investors.quantaservices.com](https://investors.quantaservices.com/news-events/press-releases/detail/406/quanta-services-announces-third-quarter-2026-earnings-release-webcast-schedule?utm_source=openai))
  • In its second-quarter release, Quanta highlighted record remaining performance obligations of about $33.6 billion, total backlog of about $53.4 billion, and significantly higher 2026 expectations, suggesting the business backdrop had remained strong entering this pullback. ([investors.quantaservices.com](https://investors.quantaservices.com/_assets/_d889439919783e9bcd519836a490be4a/quantaservices/news/2026-07-30_QUANTA_SERVICES_REPORTS_SECOND_QUARTER_2026_402.pdf))
  • At the same time, recent commentary pointed to a roughly 65% year-to-date share-price surge and elevated valuation, while early-October analyst actions included a downgrade to Hold and some price-target trims, which could have contributed to selling pressure. ([zacks.com](https://www.zacks.com/stock/news/3006200/quantas-65-ytd-surge-can-infrastructure-demand-fuel-more-gains?art_rec=blog-analyst_blog-up_next-ID01-img-3006200&utm_source=openai))

    • Sources:

    Quanta Services Investor Relations, Zacks, MarketBeat

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $PWR Insider Trading Activity

    PWR Insider Trades

    $PWR insiders have traded $PWR stock on the open market 27 times in the past 6 months. Of those trades, 0 have been purchases and 27 have been sales.

    Here’s a breakdown of recent trading of $PWR stock by insiders over the last 6 months:

    • EARL C. JR. AUSTIN (President and CEO) has made 0 purchases and 26 sales selling 155,992 shares for an estimated $120,216,530.
    • PAUL NOBEL (Chief Accounting Officer & SVP) sold 4,000 shares for an estimated $3,027,920

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $PWR Hedge Fund Activity

    We have seen 930 institutional investors add shares of $PWR stock to their portfolio, and 796 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • JPMORGAN CHASE & CO added 5,308,495 shares (+inf%) to their portfolio in Q2 2026, for an estimated $3,822,328,739
    • VICTORY CAPITAL MANAGEMENT INC removed 2,199,619 shares (-75.4%) from their portfolio in Q2 2026, for an estimated $1,583,813,664
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,207,652 shares (+inf%) to their portfolio in Q2 2026, for an estimated $869,557,746
    • ALLIANCEBERNSTEIN L.P. added 1,010,235 shares (+334.6%) to their portfolio in Q2 2026, for an estimated $727,409,609
    • BLACKROCK, INC. removed 989,283 shares (-7.0%) from their portfolio in Q2 2026, for an estimated $712,323,331
    • FIRST TRUST ADVISORS LP added 941,311 shares (+93.8%) to their portfolio in Q2 2026, for an estimated $677,781,572
    • DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN removed 870,860 shares (-39.5%) from their portfolio in Q2 2026, for an estimated $627,054,034

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $PWR Congressional Stock Trading

    Members of Congress have traded $PWR stock 4 times in the past 6 months. Of those trades, 1 have been purchases and 3 have been sales.

    Here’s a breakdown of recent trading of $PWR stock by members of Congress over the last 6 months:

    • REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $50,000 on 08/27.
    • REPRESENTATIVE APRIL MCCLAIN DELANEY has traded it 2 times. They made 0 purchases and 2 sales worth up to $65,000 on 05/14, 05/13.
    • REPRESENTATIVE DWIGHT EVANS sold up to $15,000 on 05/07.

    To track congressional stock trading, check out Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq API Congress trades endpoint.

    $PWR Price Targets

    Multiple analysts have issued price targets for $PWR recently. We have seen 10 analysts offer price targets for $PWR in the last 6 months, with a median target of $831.5.

    Here are some recent targets:

    • Jamie Cook from Truist Securities set a target price of $940.0 on 07/02/2026
    • Brent Thielman from Oppenheimer set a target price of $800.0 on 05/28/2026
    • An analyst from CICC set a target price of $872.0 on 05/21/2026
    • Manish A. Somaiya from Cantor Fitzgerald set a target price of $901.0 on 05/11/2026
    • Atidrip Modak from Goldman Sachs set a target price of $826.0 on 05/04/2026
    • Marc Bianchi from TD Cowen set a target price of $775.0 on 05/04/2026
    • Steven Fisher from UBS set a target price of $900.0 on 05/04/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.