DigitalBridge Group Inc. Lowers Holdings in Quanta Services, Inc. $PWR

DigitalBridge Group Inc. reduced its position in shares of Quanta Services, Inc. (NYSE:PWR) by 16.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,395 shares of the construction company’s stock after selling 17,384 shares during the period. Quanta Services makes up 2.8% of DigitalBridge Group Inc.’s portfolio, making the stock its 16th biggest holding. DigitalBridge Group Inc.’s holdings in Quanta Services were worth $35,389,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC boosted its stake in Quanta Services by 2.8% during the third quarter. Rothschild Investment LLC now owns 850 shares of the construction company’s stock valued at $352,000 after buying an additional 23 shares during the period. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Quanta Services by 0.5% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company’s stock valued at $1,968,000 after acquiring an additional 23 shares in the last quarter. Wealth Alliance LLC raised its holdings in shares of Quanta Services by 1.4% in the 3rd quarter. Wealth Alliance LLC now owns 1,636 shares of the construction company’s stock valued at $678,000 after acquiring an additional 23 shares in the last quarter. Petros Family Wealth LLC boosted its position 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 acquiring an additional 24 shares during the last quarter. Finally, Montag A & Associates Inc. grew its holdings in shares of 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 purchasing an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

PWR stock opened at $571.87 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. The firm has a market cap of $85.56 billion, a P/E ratio of 84.10, a P/E/G ratio of 2.61 and a beta of 1.10. The firm’s fifty day moving average is $509.72 and its 200 day moving average is $456.10. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $578.40.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.14. The business had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.38 billion. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The company’s revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Research analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. DA Davidson raised their target price on shares of Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Evercore reissued an “outperform” rating and issued a $604.00 price target on shares of Quanta Services in a report on Friday, February 20th. Argus raised their price objective on shares of Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. UBS Group upped their target price on shares of Quanta Services from $518.00 to $646.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, Roth Mkm reissued a “buy” rating and issued a $600.00 target price on shares of Quanta Services in a research note 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’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.

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.