Victory Capital Management Inc. Has $893.14 Million Stock Position in Quanta Services, Inc. $PWR

Victory Capital Management Inc. boosted its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 8.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,156,578 shares of the construction company’s stock after buying an additional 174,083 shares during the quarter. Quanta Services accounts for 0.6% of Victory Capital Management Inc.’s investment portfolio, making the stock its 24th biggest position. Victory Capital Management Inc.’s holdings in Quanta Services were worth $893,139,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Darwin Wealth Management LLC acquired a new stake in shares of Quanta Services in the 2nd quarter valued at approximately $26,000. Activest Wealth Management raised its position in Quanta Services by 94.1% during the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after acquiring an additional 32 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in 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 acquired a new position in shares of Quanta Services during the 2nd quarter worth about $37,000. Finally, NewSquare Capital LLC increased its stake in shares of Quanta Services by 320.8% during the 2nd quarter. NewSquare Capital LLC now owns 101 shares of the construction company’s stock worth $38,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. B. Riley Financial lifted their price target on Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Robert W. Baird raised their price target on Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Truist Financial reaffirmed a “buy” rating and set a $643.00 price objective (up from $548.00) on shares of Quanta Services in a research report on Friday, February 20th. Sanford C. Bernstein raised their target price on shares of Quanta Services from $471.00 to $515.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 24th. Finally, Stifel Nicolaus set a $647.00 price target on shares of Quanta Services in a research note 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’s stock. Based on data from MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $576.55.

Quanta Services Price Performance

NYSE:PWR opened at $572.58 on Tuesday. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $573.97. 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 firm’s 50-day simple moving average is $480.83 and its 200 day simple moving average is $441.93. The firm has a market cap of $85.67 billion, a price-to-earnings ratio of 84.20, a P/E/G ratio of 2.58 and a beta of 1.10.

Quanta Services (NYSE:PWR) last announced its earnings results 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. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The firm had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.38 billion. During the same quarter in the prior year, the business posted $2.94 EPS. The business’s revenue was up 19.7% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, sell-side analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

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.