Quanta Services, Inc. $PWR Shares Purchased by Barclays PLC

Barclays PLC increased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 5.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 316,892 shares of the construction company’s stock after purchasing an additional 15,473 shares during the period. Barclays PLC’s holdings in Quanta Services were worth $131,326,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Quanta Services by 2.2% during the third quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock worth $7,519,079,000 after acquiring an additional 386,937 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Quanta Services by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 6,821,962 shares of the construction company’s stock valued at $2,579,259,000 after acquiring an additional 49,334 shares in the last quarter. State Street Corp boosted its holdings in Quanta Services by 0.4% in the second quarter. State Street Corp now owns 6,007,287 shares of the construction company’s stock valued at $2,271,235,000 after purchasing an additional 24,669 shares during the period. Geode Capital Management LLC grew its stake in Quanta Services by 4.1% during the 2nd quarter. Geode Capital Management LLC now owns 3,873,293 shares of the construction company’s stock worth $1,458,362,000 after purchasing an additional 152,823 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Quanta Services by 57.2% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock worth $917,009,000 after purchasing an additional 882,209 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Down 1.6%

PWR opened at $540.58 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 one year low of $227.08 and a one year high of $573.97. The company has a market cap of $80.88 billion, a P/E ratio of 79.50, a PEG ratio of 2.46 and a beta of 1.10. The business’s 50-day simple moving average is $490.60 and its 200-day simple moving average is $446.41.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.14. The firm 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 firm’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, equities research analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein increased their price target on Quanta Services from $471.00 to $515.00 and gave the company a “market perform” rating in a research report on Tuesday, February 24th. DA Davidson upped their target price on shares of Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Bank of America raised their target price on shares of Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a report 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, The Goldman Sachs Group increased their price objective on shares of Quanta Services from $495.00 to $685.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Seventeen investment 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $576.55.

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.