SevenBridge Financial Group LLC Grows Stake in Quanta Services, Inc. $PWR

SevenBridge Financial Group LLC increased its holdings in Quanta Services, Inc. (NYSE:PWR) by 31.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,712 shares of the construction company’s stock after buying an additional 2,792 shares during the period. Quanta Services accounts for approximately 0.9% of SevenBridge Financial Group LLC’s portfolio, making the stock its 29th largest holding. SevenBridge Financial Group LLC’s holdings in Quanta Services were worth $5,264,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Quanta Services by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock valued at $7,519,079,000 after acquiring an additional 386,937 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Quanta Services by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 6,821,962 shares of the construction company’s stock worth $2,579,259,000 after purchasing an additional 49,334 shares during the last quarter. State Street Corp raised its stake in Quanta Services by 0.4% in the second quarter. State Street Corp now owns 6,007,287 shares of the construction company’s stock valued at $2,271,235,000 after purchasing an additional 24,669 shares in the last quarter. Geode Capital Management LLC lifted its position in Quanta Services by 4.1% during the second quarter. Geode Capital Management LLC now owns 3,873,293 shares of the construction company’s stock valued at $1,458,362,000 after purchasing an additional 152,823 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew 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 buying an additional 882,209 shares in the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Stock Up 0.7%

Shares of 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 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’s 50-day moving average price is $498.97 and its 200-day moving average price is $450.37. The stock has a market capitalization of $84.99 billion, a P/E ratio of 83.54, a price-to-earnings-growth ratio of 2.57 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 the consensus estimate of $3.02 by $0.14. The company had revenue of $7.84 billion during 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%.Quanta Services’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, equities analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PWR shares. Citigroup lifted 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. UBS Group raised their price target on Quanta Services from $518.00 to $646.00 and gave the company a “buy” rating in a research report on Friday, February 20th. DA Davidson upped their price objective on Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Truist Financial reiterated a “buy” rating and set a $643.00 price objective (up from $548.00) on shares of Quanta Services in a research report on Friday, February 20th. Finally, Cantor Fitzgerald boosted their target price on Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Seventeen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $576.55.

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.