Dakota Wealth Management Acquires 26,597 Shares of Quanta Services, Inc. $PWR

Dakota Wealth Management grew its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 134.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 46,358 shares of the construction company’s stock after acquiring an additional 26,597 shares during the quarter. Dakota Wealth Management’s holdings in Quanta Services were worth $19,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Darwin Wealth Management LLC purchased a new stake in Quanta Services during the second quarter worth about $26,000. Activest Wealth Management grew its position in shares of Quanta Services by 94.1% during the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after acquiring an additional 32 shares during the period. Solstein Capital LLC increased its stake in shares of Quanta Services by 185.7% during the 2nd quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock worth $30,000 after purchasing an additional 52 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in shares of Quanta Services by 213.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock worth $30,000 after purchasing an additional 49 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new position in Quanta Services in the second quarter valued at approximately $37,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Stock Down 0.6%

Shares of NYSE PWR opened at $549.11 on Tuesday. 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 business has a 50-day moving average of $466.86 and a 200-day moving average of $435.50. The firm has a market capitalization of $82.16 billion, a price-to-earnings ratio of 80.75, a PEG ratio of 2.68 and a beta of 1.15. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $565.93.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, topping 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 company had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.38 billion. During the same period in the previous year, the business earned $2.94 earnings per share. The firm’s quarterly 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. Sell-side analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services News Roundup

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Wolfe Research raised its price target on Quanta from $477 to $576 and kept an “outperform” rating — a sizable upward revision that signals stronger revenue/earnings expectations and supports further upside. Wolfe Research raises PT to $576 – MarketScreener
• Positive Sentiment: Bank of America raised its price target to $610 (from $500) and reiterated a “buy” rating — another analyst endorsement that increases implied upside and investor confidence in Quanta’s growth trajectory. BofA raises PT to $610 – MarketScreener
• Positive Sentiment: JPMorgan raised its price target to $627 (from $515) and maintained an “overweight” rating — the largest uplift among the peers, implying meaningful upside relative to the recent price and reinforcing bullish analyst sentiment. JPMorgan raises PT to $627 – MarketScreener
• Positive Sentiment: Truist Financial reiterated a “buy” rating on Quanta, signalling continued analyst conviction behind the name. Truist reiterates Buy – American Banking News
• Neutral Sentiment: AMJ Financial Wealth Management modestly increased its stake in Quanta (an extra ~1,217 shares, a 4.3% lift reported for the period) — a small institutional buy that offers limited incremental demand pressure. AMJ increases stake in Quanta – DefenseWorld

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Mizuho set a $415.00 target price on Quanta Services in a research report on Tuesday, October 28th. Jefferies Financial Group decreased their price objective on Quanta Services from $517.00 to $506.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Robert W. Baird upped their price objective on shares of Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a report on Friday. Citigroup increased their target price on shares of Quanta Services from $540.00 to $640.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $542.95.

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.