Quanta Services, Inc. $PWR Shares Sold by Connors Investor Services Inc.

Connors Investor Services Inc. lowered its holdings in Quanta Services, Inc. (NYSE:PWR) by 7.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,519 shares of the construction company’s stock after selling 3,850 shares during the period. Quanta Services makes up 1.7% of Connors Investor Services Inc.’s portfolio, making the stock its 13th biggest position. Connors Investor Services Inc.’s holdings in Quanta Services were worth $19,693,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Darwin Wealth Management LLC acquired a new stake in Quanta Services in the 2nd quarter valued at $26,000. Activest Wealth Management boosted its position 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 during the period. Cornerstone Planning Group LLC boosted its position in shares of Quanta Services by 213.0% in the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock worth $30,000 after buying an additional 49 shares during the period. Berbice Capital Management LLC acquired a new stake in shares of Quanta Services in the second quarter valued at about $38,000. Finally, GPS Wealth Strategies Group LLC purchased a new stake in shares of Quanta Services during the 3rd quarter valued at about $38,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PWR has been the subject of a number of analyst reports. DA Davidson upped their price target on Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. B. Riley Financial boosted their target price on shares of Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Truist Financial restated a “buy” rating and issued a $643.00 target price (up from $548.00) on shares of Quanta Services in a research note on Friday, February 20th. Wolfe Research lifted their price target on shares of Quanta Services from $477.00 to $576.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Finally, Mizuho boosted their price objective on shares of Quanta Services from $424.00 to $537.00 and gave the stock a “neutral” rating in a report on Tuesday, February 24th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $576.55.

Quanta Services Stock Performance

Quanta Services stock opened at $571.87 on Wednesday. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $578.40. 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 market cap of $85.56 billion, a P/E ratio of 84.10, a price-to-earnings-growth ratio of 2.61 and a beta of 1.10. The stock has a 50 day moving average of $509.72 and a 200-day moving average of $456.10.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $7.38 billion. During the same quarter in the previous year, the firm earned $2.94 earnings per share. The business’s revenue 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, analysts expect that Quanta Services, Inc. will post 9.34 EPS 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.