Capital World Investors Has $2.83 Billion Stake in Quanta Services, Inc. $PWR

Capital World Investors trimmed its position in Quanta Services, Inc. (NYSE:PWR) by 18.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,821,846 shares of the construction company’s stock after selling 1,585,509 shares during the quarter. Capital World Investors owned approximately 4.57% of Quanta Services worth $2,827,102,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PWR. Rothschild Investment LLC increased its position in shares of Quanta Services by 2.8% in the 3rd quarter. Rothschild Investment LLC now owns 850 shares of the construction company’s stock valued at $352,000 after buying an additional 23 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew 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 acquiring an additional 23 shares in the last quarter. Wealth Alliance LLC lifted its position in Quanta Services by 1.4% during the 3rd quarter. Wealth Alliance LLC now owns 1,636 shares of the construction company’s stock worth $678,000 after buying an additional 23 shares in the last quarter. Petros Family Wealth LLC increased its position in shares of Quanta Services by 2.2% in the third quarter. Petros Family Wealth LLC now owns 1,101 shares of the construction company’s stock valued at $456,000 after acquiring an additional 24 shares during the last quarter. Finally, Montag A & Associates Inc. raised its stake in shares of Quanta Services by 15.2% during the 3rd quarter. Montag A & Associates Inc. now owns 182 shares of the construction company’s stock worth $75,000 after purchasing an additional 24 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Bank of America raised their price target on Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a report on Friday, February 20th. The Goldman Sachs Group boosted their price target on Quanta Services from $495.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Cantor Fitzgerald raised their target price on shares of Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Sanford C. Bernstein boosted their price target on Quanta Services from $471.00 to $515.00 and gave the stock a “market perform” rating in a report on Tuesday, February 24th. Finally, Robert W. Baird increased their price objective 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 research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. 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 Stock Performance

Shares of Quanta Services stock opened at $567.79 on Tuesday. The firm has a market capitalization of $84.95 billion, a P/E ratio of 83.50, a price-to-earnings-growth ratio of 2.46 and a beta of 1.10. The business’s fifty day simple moving average is $493.34 and its 200 day simple moving average is $448.24. 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 12 month low of $227.08 and a 12 month high of $573.97.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data 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. The business 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%.The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, analysts anticipate that Quanta Services, Inc. will post 9.34 EPS 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.