1,249 Shares in Quanta Services, Inc. $PWR Bought by Sunpointe LLC

Sunpointe LLC purchased a new position in Quanta Services, Inc. (NYSE:PWR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,249 shares of the construction company’s stock, valued at approximately $518,000.

Other hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new position in Quanta Services during the 2nd quarter valued at approximately $675,802,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Quanta Services by 57.2% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock worth $917,009,000 after acquiring an additional 882,209 shares during the last quarter. Select Equity Group L.P. lifted its position in Quanta Services by 69.3% during the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock worth $384,554,000 after acquiring an additional 416,395 shares during the period. Vanguard Group Inc. increased its holdings in shares of Quanta Services by 2.2% in the third quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock valued at $7,519,079,000 after purchasing an additional 386,937 shares during the period. Finally, DAVENPORT & Co LLC purchased a new position in shares of Quanta Services in the third quarter worth about $97,080,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

PWR has been the topic of a number of recent research reports. Truist Financial reiterated a “buy” rating and issued a $643.00 target price (up from $548.00) on shares of Quanta Services in a research report on Friday, February 20th. Wolfe Research lifted their price objective on shares of Quanta Services from $477.00 to $576.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Mizuho increased their price objective on shares of Quanta Services from $424.00 to $537.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 24th. Evercore restated an “outperform” rating and set a $604.00 target price on shares of Quanta Services in a research report on Friday, February 20th. Finally, Bank of America increased their price target on Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Seventeen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and a consensus target price of $576.55.

Quanta Services Trading Down 3.4%

Shares of Quanta Services stock opened at $549.09 on Friday. The firm has a 50-day simple moving average of $488.45 and a two-hundred day simple moving average of $444.84. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $573.97. The company has a market cap of $82.15 billion, a P/E ratio of 80.75, a price-to-earnings-growth ratio of 2.59 and a beta of 1.10.

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

Quanta Services 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.