Bourne Lent Asset Management Inc. Cuts Stake in Quanta Services, Inc. $PWR

Bourne Lent Asset Management Inc. lessened its stake in Quanta Services, Inc. (NYSE:PWR) by 4.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,770 shares of the construction company’s stock after selling 1,310 shares during the quarter. Quanta Services accounts for about 4.2% of Bourne Lent Asset Management Inc.’s investment portfolio, making the stock its 8th biggest holding. Bourne Lent Asset Management Inc.’s holdings in Quanta Services were worth $11,923,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Darwin Wealth Management LLC acquired a new position in Quanta Services in the 2nd quarter worth $26,000. Activest Wealth Management raised its stake 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 purchasing an additional 32 shares during the period. Cornerstone Planning Group LLC raised its stake 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 valued at $30,000 after purchasing an additional 49 shares during the period. Berbice Capital Management LLC bought a new stake in shares of Quanta Services in the second quarter valued at about $38,000. Finally, GPS Wealth Strategies Group LLC acquired a new position in shares of Quanta Services during the third quarter worth about $38,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Up 0.1%

Quanta Services stock opened at $572.02 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. The company’s 50-day moving average is $512.41 and its 200-day moving average is $456.91. The firm has a market capitalization of $85.59 billion, a PE ratio of 84.12, a P/E/G ratio of 2.60 and a beta of 1.10. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $583.73.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on PWR. Argus lifted their target price on Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. B. Riley Financial upped their price target on Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Roth Mkm reiterated a “buy” rating and issued a $600.00 price objective on shares of Quanta Services in a report on Friday, February 20th. Truist Financial reissued a “buy” rating and issued a $643.00 price objective (up from $548.00) on shares of Quanta Services in a research report on Friday, February 20th. Finally, Stifel Nicolaus set a $647.00 target price on shares of Quanta Services in a report on Monday, February 23rd. Seventeen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $576.55.

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.