Allianz SE Invests $729,000 in Quanta Services, Inc. $PWR

Allianz SE purchased a new position in Quanta Services, Inc. (NYSE:PWR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,759 shares of the construction company’s stock, valued at approximately $729,000.

A number of other large investors have also added to or reduced their stakes in PWR. Brighton Jones LLC bought a new position in shares of Quanta Services during the 4th quarter valued at approximately $298,000. Woodline Partners LP lifted its stake in Quanta Services by 40.7% in the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock valued at $3,170,000 after purchasing an additional 3,606 shares during the last quarter. Premier Path Wealth Partners LLC grew its holdings in Quanta Services by 4.0% during the second quarter. Premier Path Wealth Partners LLC now owns 1,112 shares of the construction company’s stock valued at $421,000 after purchasing an additional 43 shares during the period. Assetmark Inc. increased its position in Quanta Services by 29.7% in the second quarter. Assetmark Inc. now owns 5,235 shares of the construction company’s stock worth $1,979,000 after buying an additional 1,200 shares during the last quarter. Finally, Savvy Advisors Inc. bought a new stake in shares of Quanta Services in the second quarter valued at $402,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Robert W. Baird increased their price target on Quanta Services from $490.00 to $606.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. 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, February 20th. JPMorgan Chase & Co. boosted their price target on shares of Quanta Services from $515.00 to $627.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Cantor Fitzgerald raised their price objective on shares of Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Finally, UBS Group lifted their price objective on shares of Quanta Services from $518.00 to $646.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $569.95.

Quanta Services Trading Down 0.4%

Quanta Services stock opened at $563.06 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $573.94. The stock has a market cap of $84.25 billion, a P/E ratio of 82.80, a PEG ratio of 2.58 and a beta of 1.15. The firm’s fifty day moving average price is $478.04 and its 200-day moving average price is $440.13.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.14. The company had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the company earned $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Equities research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

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.