US Bancorp DE Boosts Stock Position in Quanta Services, Inc. $PWR

US Bancorp DE raised its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 4.9% in the third quarter, Holdings Channel reports. The institutional investor owned 29,703 shares of the construction company’s stock after buying an additional 1,377 shares during the quarter. US Bancorp DE’s holdings in Quanta Services were worth $12,310,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Activest Wealth Management lifted its stake in shares of Quanta Services by 94.1% in the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after buying an additional 32 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of Quanta Services in the second quarter worth approximately $26,000. Cornerstone Planning Group LLC grew its position in shares of Quanta Services by 213.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after acquiring an additional 49 shares during the period. GPS Wealth Strategies Group LLC purchased a new stake in shares of Quanta Services in the 3rd quarter worth $38,000. Finally, Guerra Advisors Inc purchased a new position in Quanta Services during the third quarter valued at $38,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

NYSE:PWR opened at $563.06 on Friday. The business’s 50-day moving average is $478.04 and its 200 day moving average is $440.13. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $573.94. The company has a market capitalization of $84.25 billion, a P/E ratio of 82.80, a P/E/G ratio of 2.58 and a beta of 1.15. 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 (NYSE:PWR) last released its quarterly 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 return on equity of 18.10% and a net margin of 3.61%.The business had revenue of $7.84 billion during the quarter, compared to analysts’ expectations of $7.38 billion. During the same quarter last year, the business posted $2.94 EPS. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, equities research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PWR has been the topic of several recent research reports. Wolfe Research raised their price objective on Quanta Services from $477.00 to $576.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Stifel Nicolaus set a $647.00 target price on shares of Quanta Services in a research note on Monday, February 23rd. DA Davidson lifted their price target on shares of Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a report on Friday, February 20th. JPMorgan Chase & Co. increased their price objective on shares of Quanta Services from $515.00 to $627.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Finally, Bank of America upped their target price on shares of Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Seventeen 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $569.95.

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.