Sierra Summit Advisors LLC Has $14.15 Million Stock Position in Quanta Services, Inc. $PWR

Sierra Summit Advisors LLC boosted its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 20.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,143 shares of the construction company’s stock after purchasing an additional 5,740 shares during the quarter. Quanta Services accounts for approximately 2.2% of Sierra Summit Advisors LLC’s holdings, making the stock its 15th biggest position. Sierra Summit Advisors LLC’s holdings in Quanta Services were worth $14,150,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Activest Wealth Management raised its position in shares of Quanta Services by 94.1% during the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after buying an additional 32 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Quanta Services during the second quarter valued at about $26,000. Cornerstone Planning Group LLC raised its holdings in Quanta Services by 213.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after acquiring an additional 49 shares in the last quarter. GPS Wealth Strategies Group LLC acquired a new stake in shares of Quanta Services during the 3rd quarter worth approximately $38,000. Finally, Guerra Advisors Inc acquired a new stake in shares of Quanta Services during the 3rd quarter worth approximately $38,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Trading Down 0.4%

PWR stock opened at $563.06 on Friday. The business has a fifty day moving average price of $478.04 and a 200 day moving average price of $440.13. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $573.94. The stock has a market capitalization of $84.25 billion, a price-to-earnings ratio of 82.80, a P/E/G ratio of 2.58 and a beta of 1.15.

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 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 company had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.38 billion. During the same quarter in the previous year, the firm earned $2.94 earnings per share. The business’s revenue was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PWR has been the subject of several research reports. B. Riley Financial raised their target price on Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Truist Financial restated a “buy” rating and issued a $643.00 price objective (up from $548.00) on shares of Quanta Services in a research note on Friday, February 20th. The Goldman Sachs Group lifted their target price on shares of Quanta Services from $495.00 to $685.00 and gave the company a “buy” rating in a research report on Tuesday. Bank of America increased their price target on shares of Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, Jefferies Financial Group lifted their price objective on Quanta Services from $506.00 to $634.00 and gave the company a “buy” rating in a report on Tuesday. 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $569.95.

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.