Boothbay Fund Management LLC Decreases Stake in Quanta Services, Inc. $PWR

Boothbay Fund Management LLC lessened its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 7.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,452 shares of the construction company’s stock after selling 2,594 shares during the quarter. Boothbay Fund Management LLC’s holdings in Quanta Services were worth $14,278,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in PWR. Vanguard Group Inc. raised its holdings in Quanta Services by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock valued at $7,519,079,000 after buying an additional 386,937 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Quanta Services by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,821,962 shares of the construction company’s stock worth $2,579,259,000 after acquiring an additional 49,334 shares during the last quarter. State Street Corp increased its position in shares of Quanta Services by 0.4% in the second quarter. State Street Corp now owns 6,007,287 shares of the construction company’s stock valued at $2,271,235,000 after acquiring an additional 24,669 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Quanta Services by 57.2% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock valued at $917,009,000 after acquiring an additional 882,209 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Quanta Services by 8.8% during the third quarter. Victory Capital Management Inc. now owns 2,156,578 shares of the construction company’s stock worth $893,139,000 after purchasing an additional 174,083 shares during the period. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

Shares of PWR opened at $558.55 on Friday. The company has a 50-day simple moving average of $504.26 and a two-hundred day simple moving average of $452.91. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. The firm has a market capitalization of $83.57 billion, a PE ratio of 82.14, a price-to-earnings-growth ratio of 2.54 and a beta of 1.10. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $576.86.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping 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 firm had revenue of $7.84 billion for the quarter, compared to the consensus estimate of $7.38 billion. The business’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Bank of America raised their target price on Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Roth Mkm reiterated a “buy” rating and issued a $600.00 price objective on shares of Quanta Services in a report on Friday, February 20th. Sanford C. Bernstein lifted their price objective on Quanta Services from $471.00 to $515.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 24th. DA Davidson boosted their target price on Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Finally, Mizuho raised their price target on Quanta Services from $424.00 to $537.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 24th. Seventeen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $576.55.

Quanta Services 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.