Russell Investments Group Ltd. Increases Stock Position in Quanta Services, Inc. $PWR

Russell Investments Group Ltd. raised its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 27.2% in the third quarter, Holdings Channel.com reports. The fund owned 96,869 shares of the construction company’s stock after purchasing an additional 20,727 shares during the period. Russell Investments Group Ltd.’s holdings in Quanta Services were worth $40,001,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Schroder Investment Management Group boosted its position in shares of Quanta Services by 0.4% during the 3rd quarter. Schroder Investment Management Group now owns 97,959 shares of the construction company’s stock worth $40,596,000 after purchasing an additional 357 shares during the period. Fort Sheridan Advisors LLC raised its position in Quanta Services by 2.5% in the third quarter. Fort Sheridan Advisors LLC now owns 4,772 shares of the construction company’s stock valued at $1,978,000 after purchasing an additional 118 shares during the period. PFG Advisors lifted its stake in Quanta Services by 9.3% during the third quarter. PFG Advisors now owns 12,890 shares of the construction company’s stock worth $5,342,000 after purchasing an additional 1,094 shares in the last quarter. Rathbones Group PLC lifted its stake in Quanta Services by 3.4% during the third quarter. Rathbones Group PLC now owns 6,710 shares of the construction company’s stock worth $2,781,000 after purchasing an additional 220 shares in the last quarter. Finally, Vinva Investment Management Ltd boosted its position in shares of Quanta Services by 71.9% during the third quarter. Vinva Investment Management Ltd now owns 6,336 shares of the construction company’s stock worth $2,592,000 after buying an additional 2,650 shares during the period. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PWR. Argus boosted their price objective on Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Stifel Nicolaus set a $647.00 target price on Quanta Services in a report on Monday, February 23rd. Bank of America boosted their price target on shares of Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Cantor Fitzgerald increased their price target on shares of Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Finally, Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Quanta Services has an average rating of “Moderate Buy” and a consensus price target of $576.55.

Quanta Services Trading Up 0.7%

NYSE:PWR opened at $568.05 on Thursday. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $576.86. The firm has a market cap of $84.99 billion, a PE ratio of 83.54, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. The stock has a fifty day moving average price of $498.97 and a 200 day moving average price of $450.37.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping the consensus estimate 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%.Quanta Services’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

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.