Delta Global Management LP Makes New $2.66 Million Investment in Quanta Services, Inc. $PWR

Delta Global Management LP purchased a new position in shares of Quanta Services, Inc. (NYSE:PWR) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,407 shares of the construction company’s stock, valued at approximately $2,655,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PWR. Rothschild Investment LLC lifted its position in Quanta Services by 2.8% during the third quarter. Rothschild Investment LLC now owns 850 shares of the construction company’s stock worth $352,000 after buying an additional 23 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Quanta Services by 0.5% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company’s stock valued at $1,968,000 after acquiring an additional 23 shares during the last quarter. Wealth Alliance LLC lifted its holdings in shares of Quanta Services by 1.4% during the 3rd quarter. Wealth Alliance LLC now owns 1,636 shares of the construction company’s stock worth $678,000 after acquiring an additional 23 shares during the period. Petros Family Wealth LLC boosted its position in shares of Quanta Services by 2.2% in the third quarter. Petros Family Wealth LLC now owns 1,101 shares of the construction company’s stock worth $456,000 after acquiring an additional 24 shares during the last quarter. Finally, Montag A & Associates Inc. boosted its position in shares of Quanta Services by 15.2% in the third quarter. Montag A & Associates Inc. now owns 182 shares of the construction company’s stock worth $75,000 after acquiring an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

Quanta Services stock opened at $558.55 on Monday. The firm has a fifty day moving average of $504.26 and a 200-day moving average of $453.40. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $576.86. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $83.57 billion, a P/E ratio of 82.14, a PEG ratio of 2.54 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 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The business had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.38 billion. During the same quarter in the previous year, the business posted $2.94 EPS. The business’s quarterly revenue was up 19.7% on a year-over-year basis. 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 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on PWR. Bank of America upped their price target on shares of Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Roth Mkm reiterated a “buy” rating and issued a $600.00 price target on shares of Quanta Services in a report on Friday, February 20th. Evercore restated an “outperform” rating and set a $604.00 price objective on shares of Quanta Services in a report on Friday, February 20th. Truist Financial reaffirmed 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. Finally, Robert W. Baird lifted their target price on Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Seventeen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.