Investment Research Partners LLC Invests $578,000 in Quanta Services, Inc. $PWR

Investment Research Partners LLC bought a new stake in shares of Quanta Services, Inc. (NYSE:PWR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,289 shares of the construction company’s stock, valued at approximately $578,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Lansforsakringar Fondforvaltning AB publ boosted its holdings in shares of Quanta Services by 5.4% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock valued at $19,316,000 after purchasing an additional 2,375 shares during the last quarter. Mediolanum International Funds Ltd boosted its stake in Quanta Services by 15.5% during the second quarter. Mediolanum International Funds Ltd now owns 33,158 shares of the construction company’s stock valued at $12,642,000 after buying an additional 4,451 shares during the last quarter. Calamos Advisors LLC grew its holdings in Quanta Services by 17.1% during the 3rd quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock valued at $43,680,000 after buying an additional 15,388 shares in the last quarter. Chilton Capital Management LLC increased its stake 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 acquiring an additional 64,560 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in Quanta Services by 59.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock worth $18,397,000 after acquiring an additional 16,637 shares during the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Stock Performance

NYSE:PWR opened at $572.02 on Thursday. The firm has a market capitalization of $85.59 billion, a PE ratio of 84.12, a PEG ratio of 2.60 and a beta of 1.10. The stock’s fifty day moving average is $512.41 and its 200 day moving average is $456.91. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $583.73. 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 (NYSE:PWR) last posted its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, topping the consensus estimate of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The company had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.38 billion. During the same period in the previous year, the firm earned $2.94 earnings per share. Quanta Services’s quarterly revenue was up 19.7% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Analysts Set New Price Targets

PWR has been the subject of a number of research reports. The Goldman Sachs Group increased their target price on Quanta Services from $495.00 to $685.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Jefferies Financial Group upped their price target on shares of Quanta Services from $506.00 to $634.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. B. Riley Financial increased their price objective on shares of Quanta Services from $450.00 to $565.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. UBS Group lifted their price objective on shares of Quanta Services from $518.00 to $646.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Finally, Roth Mkm restated a “buy” rating and set a $600.00 target price on shares of Quanta Services in a research report on Friday, February 20th. Seventeen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.