Danske Bank A S Takes Position in Quanta Services, Inc. $PWR

Danske Bank A S purchased a new stake in Quanta Services, Inc. (NYSE:PWR) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 138,794 shares of the construction company’s stock, valued at approximately $57,519,000.

Other large investors also recently added to or reduced their stakes in the company. Lansforsakringar Fondforvaltning AB publ boosted its stake in Quanta Services by 5.4% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock worth $19,316,000 after buying an additional 2,375 shares during the period. Mediolanum International Funds Ltd raised its stake in shares of Quanta Services by 15.5% in the second quarter. Mediolanum International Funds Ltd now owns 33,158 shares of the construction company’s stock valued at $12,642,000 after acquiring an additional 4,451 shares during the period. Calamos Advisors LLC lifted its holdings in shares of Quanta Services by 17.1% in the 3rd quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock worth $43,680,000 after acquiring an additional 15,388 shares during the last quarter. Chilton Capital Management LLC boosted its stake in shares of Quanta Services by 63.3% during the 3rd quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock worth $69,016,000 after purchasing an additional 64,560 shares during the period. Finally, Exchange Traded Concepts LLC grew its holdings in Quanta Services by 59.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock valued at $18,397,000 after purchasing an additional 16,637 shares during the last quarter. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Performance

Quanta Services stock opened at $572.02 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. The company 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. The company has a 50 day moving average price of $512.41 and a 200-day moving average price of $456.91. 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 announced its quarterly earnings data 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. The company had revenue of $7.84 billion for 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%.Quanta Services’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, equities analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Wall Street Analyst Weigh In

PWR has been the topic of a number of recent analyst reports. UBS Group increased their price objective on shares of Quanta Services from $518.00 to $646.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Roth Mkm reaffirmed a “buy” rating and set a $600.00 target price on shares of Quanta Services in a research note on Friday, February 20th. Truist Financial reissued a “buy” rating and set a $643.00 price target (up from $548.00) on shares of Quanta Services in a research note on Friday, February 20th. Weiss Ratings upgraded Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Finally, B. Riley Financial upped their price objective on Quanta Services from $450.00 to $565.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus 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.