CSM Advisors LLC Takes $1.35 Million Position in Quanta Services, Inc. $PWR

CSM Advisors LLC acquired a new position in Quanta Services, Inc. (NYSE:PWR) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 3,252 shares of the construction company’s stock, valued at approximately $1,350,000.

A number of other hedge funds also recently bought and sold shares of PWR. Lansforsakringar Fondforvaltning AB publ raised its position in Quanta Services by 5.4% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock worth $19,316,000 after acquiring an additional 2,375 shares during the period. Mediolanum International Funds Ltd grew its position in shares of Quanta Services by 15.5% during the 2nd quarter. Mediolanum International Funds Ltd now owns 33,158 shares of the construction company’s stock valued at $12,642,000 after acquiring an additional 4,451 shares during the period. Calamos Advisors LLC increased its stake in shares of Quanta Services by 17.1% in the 3rd quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock worth $43,680,000 after purchasing an additional 15,388 shares in the last quarter. Chilton Capital Management LLC raised its holdings in Quanta Services by 63.3% in the 3rd quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock worth $69,016,000 after purchasing an additional 64,560 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in Quanta Services by 59.9% during the third quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock valued at $18,397,000 after purchasing an additional 16,637 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Truist Financial reissued a “buy” rating and set a $643.00 price target (up from $548.00) on shares of Quanta Services in a report on Friday, February 20th. Cantor Fitzgerald lifted their price objective on Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Bank of America boosted their price objective on Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, February 20th. TD Cowen increased their target price on shares of Quanta Services from $425.00 to $570.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Quanta Services from $515.00 to $627.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Seventeen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $576.55.

Quanta Services Price Performance

Shares of Quanta Services stock opened at $574.81 on Tuesday. The stock’s 50-day simple moving average is $507.05 and its 200-day simple moving average is $454.73. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $576.86. The company has a market capitalization of $86.00 billion, a price-to-earnings ratio of 84.53, a PEG ratio of 2.54 and a beta of 1.10. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.14. The firm had revenue of $7.84 billion during 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 revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the business posted $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

About Quanta Services

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.