Bamco Inc. NY Purchases 2,371 Shares of Quanta Services, Inc. $PWR

Bamco Inc. NY grew its holdings in Quanta Services, Inc. (NYSE:PWR) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 356,846 shares of the construction company’s stock after acquiring an additional 2,371 shares during the quarter. Bamco Inc. NY owned 0.24% of Quanta Services worth $147,884,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PWR. Rothschild Investment LLC boosted its holdings in 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 purchasing an additional 23 shares during the period. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Quanta Services by 0.5% during the third 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 during the period. Wealth Alliance LLC boosted its stake in shares of Quanta Services by 1.4% in the third 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 period. Petros Family Wealth LLC boosted its stake 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 buying an additional 24 shares during the period. Finally, Montag A & Associates Inc. grew its position in Quanta Services by 15.2% during the third quarter. Montag A & Associates Inc. now owns 182 shares of the construction company’s stock worth $75,000 after buying an additional 24 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Robert W. Baird lifted their price objective on Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a report on Friday, February 20th. B. Riley Financial raised their price target on Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. DA Davidson boosted their price target on Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. TD Cowen upped their price objective on shares of Quanta Services from $425.00 to $570.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Truist Financial reissued a “buy” rating and issued a $643.00 target price (up from $548.00) on shares of Quanta Services in a report on Friday, February 20th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $576.55.

Quanta Services Price Performance

Quanta Services stock opened at $558.55 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $576.86. The stock has a market capitalization of $83.57 billion, a P/E ratio of 82.14, a price-to-earnings-growth ratio of 2.54 and a beta of 1.10. The stock has a fifty day moving average of $504.26 and a 200-day moving average of $452.91.

Quanta Services (NYSE:PWR) last released its quarterly earnings data 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. The business had revenue of $7.84 billion for the quarter, compared to analyst estimates 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 period last year, the firm posted $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, sell-side analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal 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.