Quanta Services, Inc. $PWR Stake Lowered by Korea Investment CORP

Korea Investment CORP cut its stake in Quanta Services, Inc. (NYSE:PWR) by 12.2% during the third quarter, HoldingsChannel reports. The fund owned 162,505 shares of the construction company’s stock after selling 22,594 shares during the quarter. Korea Investment CORP’s holdings in Quanta Services were worth $67,345,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Rothschild Investment LLC grew its stake in Quanta Services by 2.8% in the third quarter. Rothschild Investment LLC now owns 850 shares of the construction company’s stock valued at $352,000 after purchasing an additional 23 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Quanta Services by 0.5% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company’s stock worth $1,968,000 after purchasing an additional 23 shares in the last quarter. Wealth Alliance LLC lifted its holdings in shares of Quanta Services by 1.4% during the 3rd quarter. Wealth Alliance LLC now owns 1,636 shares of the construction company’s stock valued at $678,000 after buying an additional 23 shares during the last quarter. Petros Family Wealth LLC lifted its holdings in shares of Quanta Services by 2.2% during the 3rd quarter. Petros Family Wealth LLC now owns 1,101 shares of the construction company’s stock valued at $456,000 after buying an additional 24 shares during the last quarter. Finally, Montag A & Associates Inc. grew its stake in shares of Quanta Services by 15.2% in the 3rd quarter. Montag A & Associates Inc. now owns 182 shares of the construction company’s stock valued at $75,000 after buying an additional 24 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $540.58 on Monday. The firm has a market capitalization of $80.88 billion, a PE ratio of 79.50, a PEG ratio of 2.46 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $573.97. The business’s 50 day moving average is $490.60 and its 200-day moving average is $446.91.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.14. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The business had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.38 billion. During the same period in the prior year, the company posted $2.94 earnings per share. Quanta Services’s revenue 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 predict that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Analyst Ratings Changes

PWR has been the topic of several recent research reports. TD Cowen raised their price objective on shares of Quanta Services from $425.00 to $570.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. boosted their target price on shares of Quanta Services from $515.00 to $627.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Truist Financial restated 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. Argus lifted their price objective on shares of Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Finally, Cantor Fitzgerald upped their price objective on shares of Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.