American Century Companies Inc. Has $68.62 Million Holdings in Quanta Services, Inc. $PWR

American Century Companies Inc. lessened its holdings in Quanta Services, Inc. (NYSE:PWR) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,588 shares of the construction company’s stock after selling 4,093 shares during the quarter. American Century Companies Inc.’s holdings in Quanta Services were worth $68,623,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new stake in Quanta Services during the 2nd quarter worth about $26,000. Activest Wealth Management grew its holdings in shares of Quanta Services by 94.1% in 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 in the last quarter. Cornerstone Planning Group LLC increased 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 valued at $30,000 after acquiring an additional 49 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in Quanta Services during the second quarter worth about $37,000. Finally, NewSquare Capital LLC boosted its position in Quanta Services by 320.8% during the second quarter. NewSquare Capital LLC now owns 101 shares of the construction company’s stock valued at $38,000 after purchasing an additional 77 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Up 0.5%

Quanta Services stock opened at $568.85 on Thursday. The company’s 50-day moving average price is $486.14 and its two-hundred day moving average price is $444.11. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58. The stock has a market cap of $85.11 billion, a P/E ratio of 83.65, a P/E/G ratio of 2.59 and a beta of 1.10. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $573.97.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data 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. The company had revenue of $7.84 billion during the quarter, compared to analysts’ expectations of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The business’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current year.

Analysts Set New Price Targets

PWR has been the topic of several recent analyst reports. Citigroup boosted their price target on Quanta Services from $540.00 to $640.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Robert W. Baird boosted their target price on shares of Quanta Services from $490.00 to $606.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Sanford C. Bernstein upped their price target on shares of Quanta Services from $471.00 to $515.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 24th. Bank of America lifted their price objective on shares of Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Finally, Cantor Fitzgerald upped their target price on shares of Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Seventeen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $576.55.

About Quanta Services

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.