CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F: Cuts PWR Stake by $1.6M

Cushing Asset Management, LP, also known as NXG Investment Management, trimmed its position in Quanta Services, Inc. (NYSE: PWR) by 2,550 shares in a filing on October 26, 2026.

In the latest 13F filing, Cushing Asset Management disclosed a total reported value of about $1.42 billion in its investment portfolio. The reduction in Quanta Services represents a 5.8% decrease in this specific position. Quanta Services is ranked 17th among the 73 positions in the fund's portfolio, making up about 1.87% of the total.

PWR Quanta Services, Inc.

$563.93 ▲ +28.33% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Other Institutional Activity in Quanta Services

Sustainable Growth Advisers increased its stake in Quanta Services by 182,286 shares, bringing its total to 182,286 shares worth about $117.1 million. Meanwhile, Davenport reduced its holdings by 41,057 shares, leaving it with 103,114 shares valued at approximately $66.5 million. Other funds like TCV Trust & Wealth Management and AlphaStar Capital Management also made adjustments, selling out completely.

Quanta Services, Inc. Stock Up 3.2%

Quanta Services is currently trading around $564.11, which is about equal to its closing price on October 26, 2026. The stock is below its 50-day moving average of $639.18 by about 11.7%, and it sits 28.5% below its 52-week high of $788.75. The stock has shown resilience, remaining above its 52-week low of $408.36 by approximately 38.1%.

Recent Earnings

Quanta Services reported trailing twelve-month revenue of approximately $32.9 billion. The company's next earnings report is scheduled for October 29, 2026. With a revenue growth of 41.1% year-over-year, the company continues to show strong performance in its sector.

Dividend

Quanta Services pays an annual dividend of $0.44 per share, yielding about 0.08%. The dividend payout ratio is 4.9%, indicating a sustainable approach to returning value to shareholders.

Insider Buying and Selling at Quanta Services, Inc.

Several insiders have sold shares recently. Gerald A. Ducey Jr., an officer, sold 7,653 shares at an average price of $446.08 on November 6, 2025, totaling about $3.4 million. Donald Charles Wayne, General Counsel, sold 14,000 shares on the same date, valued at approximately $6.2 million. Paul M. Nobel, also an officer, sold 4,000 shares at $756.98 on May 4, 2026, for about $3.0 million.

Analysts Set New Price Targets

Analysts have been optimistic about Quanta Services. Keybanc upgraded the stock to an Overweight rating with a price target of $807 on August 7, 2026. Bernstein also upgraded its rating to Outperform with a target of $775 on September 24, 2026. The consensus among analysts is a strong buy with a mean price target of $760.39.

About Quanta Services

Quanta Services, Inc. is based in Houston, Texas, and offers infrastructure solutions across various sectors, including electric and gas utility, power generation, and communications. The company has a strong market presence and continues to grow in the engineering and construction industry.

Bottom Line

Investors will want to watch Quanta Services closely, especially with its next earnings report due on October 29, 2026. The recent adjustments in positions by institutional investors may indicate shifting sentiment in the market, and further filings will provide additional insights into the stock's trajectory.