1,769 Shares in Quanta Services, Inc. $PWR Bought by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL purchased a new stake in shares of Quanta Services, Inc. (NYSE:PWR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,769 shares of the construction company’s stock, valued at approximately $733,000.

Other hedge funds have also bought and sold shares of the company. Boston Partners raised its holdings in Quanta Services by 14.3% in the 3rd quarter. Boston Partners now owns 2,831 shares of the construction company’s stock worth $1,173,000 after purchasing an additional 355 shares during the period. Entropy Technologies LP acquired a new stake in Quanta Services in the third quarter valued at approximately $1,581,000. Rehmann Capital Advisory Group acquired a new stake in Quanta Services in the third quarter valued at approximately $250,000. 11 Capital Partners LP increased its position in shares of Quanta Services by 113.4% in the third quarter. 11 Capital Partners LP now owns 53,495 shares of the construction company’s stock valued at $22,169,000 after buying an additional 28,424 shares in the last quarter. Finally, Johnson Financial Group Inc. raised its stake in shares of Quanta Services by 49.8% during the 3rd quarter. Johnson Financial Group Inc. now owns 2,778 shares of the construction company’s stock worth $1,151,000 after buying an additional 924 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

Quanta Services stock opened at $558.55 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $504.26 and a 200 day moving average price of $452.43. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $576.86. The stock has a market cap of $83.57 billion, a P/E ratio of 82.14, a PEG ratio of 2.58 and a beta of 1.10.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The business had revenue of $7.84 billion during the quarter, compared to analysts’ expectations of $7.38 billion. During the same quarter in the prior year, the company posted $2.94 EPS. The business’s revenue for the quarter was up 19.7% on a year-over-year basis. 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 Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Stifel Nicolaus set a $647.00 price target on shares of Quanta Services in a report on Monday, February 23rd. Mizuho increased their price objective on shares of Quanta Services from $424.00 to $537.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Jefferies Financial Group boosted their target price on shares of Quanta Services from $506.00 to $634.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Argus upped their price target on shares of Quanta Services from $540.00 to $650.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Finally, Robert W. Baird raised their price target on shares of Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Seventeen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus target price 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.