Quanta Services, Inc. $PWR Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its holdings in Quanta Services, Inc. (NYSE:PWR) by 3.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,952 shares of the construction company’s stock after purchasing an additional 874 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Quanta Services were worth $20,127,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wedbush Securities Inc. grew its holdings in Quanta Services by 1.1% during the 2nd quarter. Wedbush Securities Inc. now owns 4,148 shares of the construction company’s stock worth $2,987,000 after acquiring an additional 46 shares in the last quarter. Marvin & Palmer Associates Inc. raised its stake in shares of Quanta Services by 38.3% in the 2nd quarter. Marvin & Palmer Associates Inc. now owns 8,182 shares of the construction company’s stock valued at $5,891,000 after purchasing an additional 2,265 shares in the last quarter. Capital Advisors Inc. OK bought a new position in shares of Quanta Services during the second quarter worth about $219,000. New Mexico Educational Retirement Board raised its stake in Quanta Services by 7.2% during the second quarter. New Mexico Educational Retirement Board now owns 7,432 shares of the construction company’s stock valued at $5,351,000 after buying an additional 500 shares in the last quarter. Finally, Mufg Securities Americas Inc. raised its stake in Quanta Services by 9.5% during the second quarter. Mufg Securities Americas Inc. now owns 4,520 shares of the construction company’s stock valued at $3,255,000 after buying an additional 394 shares in the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PWR has been the subject of several research reports. Sanford C. Bernstein reiterated a “market perform” rating and issued a $748.00 target price on shares of Quanta Services in a research report on Friday, July 31st. KeyCorp raised shares of Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 price objective for the company in a report on Friday, August 7th. Zacks Research upgraded shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. CICC Research assumed coverage on shares of Quanta Services in a report on Thursday, May 21st. They set an “outperform” rating and a $872.00 target price on the stock. Finally, Guggenheim upgraded shares of Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 price target on the stock in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $769.25.

Quanta Services Price Performance

Shares of NYSE PWR opened at $611.43 on Wednesday. Quanta Services, Inc. has a 1-year low of $363.01 and a 1-year high of $788.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05. The business’s fifty day moving average price is $656.94 and its two-hundred day moving average price is $641.39. The firm has a market capitalization of $91.92 billion, a PE ratio of 70.04, a P/E/G ratio of 1.99 and a beta of 1.20.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, topping the consensus estimate of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The business had revenue of $9.56 billion during the quarter, compared to analyst estimates of $8.61 billion. During the same quarter in the prior year, the firm earned $2.48 earnings per share. The company’s quarterly revenue was up 41.1% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, research analysts expect that Quanta Services, Inc. will post 15.35 EPS for the current year.

Quanta Services announced that its board has approved a share repurchase program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

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.