Quanta Services, Inc. $PWR Shares Sold by Korea Investment CORP

Korea Investment CORP lowered its holdings in Quanta Services, Inc. (NYSE:PWR) by 12.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 162,505 shares of the construction company’s stock after selling 22,594 shares during the period. Korea Investment CORP owned about 0.11% of Quanta Services worth $67,345,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ boosted its stake in Quanta Services by 5.4% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock valued at $19,316,000 after purchasing an additional 2,375 shares during the period. Mediolanum International Funds Ltd increased its stake in shares of Quanta Services by 15.5% in the second quarter. Mediolanum International Funds Ltd now owns 33,158 shares of the construction company’s stock valued at $12,642,000 after purchasing an additional 4,451 shares during the period. Calamos Advisors LLC raised its holdings in shares of Quanta Services by 17.1% during the third quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock valued at $43,680,000 after buying an additional 15,388 shares during the last quarter. Chilton Capital Management LLC raised its holdings in shares of Quanta Services by 63.3% during the third quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock valued at $69,016,000 after buying an additional 64,560 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of Quanta Services by 59.9% during the third quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock worth $18,397,000 after buying an additional 16,637 shares during the period. 90.49% of the stock is owned by institutional investors.

Quanta Services Trading Down 1.6%

Shares of NYSE PWR opened at $540.58 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $573.97. The business has a 50-day moving average price of $490.60 and a two-hundred day moving average price of $446.91. The firm has a market capitalization of $80.88 billion, a PE ratio of 79.50, a PEG ratio of 2.46 and a beta of 1.10.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.14. The company had revenue of $7.84 billion for the quarter, compared to the consensus estimate of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PWR has been the topic of several analyst reports. B. Riley Financial raised their target price on Quanta Services from $450.00 to $565.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. boosted their price target on Quanta Services from $515.00 to $627.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Truist Financial reissued a “buy” rating and issued a $643.00 price target (up from $548.00) on shares of Quanta Services in a research note on Friday, February 20th. Evercore reissued an “outperform” rating and set a $604.00 price target on shares of Quanta Services in a report on Friday, February 20th. Finally, Citigroup upped their price objective on shares of Quanta Services from $540.00 to $640.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Seventeen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $576.55.

Quanta Services Company Profile

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.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.