Parallel Advisors LLC Has $7.95 Million Stock Position in Quanta Services, Inc. $PWR

Parallel Advisors LLC increased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 5.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,191 shares of the construction company’s stock after buying an additional 1,018 shares during the quarter. Parallel Advisors LLC’s holdings in Quanta Services were worth $7,953,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Quanta Services by 2.2% in 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 purchasing an additional 386,937 shares in the last quarter. JPMorgan Chase & Co. lifted its stake 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 valued at $2,579,259,000 after purchasing an additional 49,334 shares during the last quarter. State Street Corp lifted its stake in Quanta Services by 0.4% in the 2nd quarter. State Street Corp now owns 6,007,287 shares of the construction company’s stock valued at $2,271,235,000 after purchasing an additional 24,669 shares during the last quarter. Geode Capital Management LLC boosted its position in Quanta Services by 4.1% in the second quarter. Geode Capital Management LLC now owns 3,873,293 shares of the construction company’s stock valued at $1,458,362,000 after buying an additional 152,823 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew 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 worth $917,009,000 after buying an additional 882,209 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PWR. DA Davidson upped their price target on shares of Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Evercore restated an “outperform” rating and set a $604.00 price objective on shares of Quanta Services in a research report on Friday, February 20th. Cantor Fitzgerald upped their target price on Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Sanford C. Bernstein lifted their price target on Quanta Services from $471.00 to $515.00 and gave the company a “market perform” rating in a research note on Tuesday, February 24th. Finally, JPMorgan Chase & Co. boosted their price target on Quanta Services from $515.00 to $627.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $576.55.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $540.58 on Friday. The stock has a market cap of $80.88 billion, a price-to-earnings ratio of 79.50, a P/E/G ratio of 2.46 and a beta of 1.10. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $573.97. The company’s fifty day moving average is $490.60 and its 200 day moving average is $446.41. 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 issued its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.14. The company had revenue of $7.84 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company earned $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Sell-side analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current 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.