Sunpointe LLC Takes Position in Quanta Services, Inc. $PWR

Sunpointe LLC purchased a new position in shares of Quanta Services, Inc. (NYSE:PWR) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 1,249 shares of the construction company’s stock, valued at approximately $518,000.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of Quanta Services in the fourth quarter valued at approximately $298,000. Woodline Partners LP raised its stake in Quanta Services by 40.7% in the 1st quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock valued at $3,170,000 after purchasing an additional 3,606 shares during the last quarter. Sigma Planning Corp boosted its stake in Quanta Services by 135.9% during the 2nd quarter. Sigma Planning Corp now owns 3,175 shares of the construction company’s stock worth $1,200,000 after purchasing an additional 1,829 shares during the last quarter. NewSquare Capital LLC grew its holdings in shares of Quanta Services by 320.8% during the second quarter. NewSquare Capital LLC now owns 101 shares of the construction company’s stock worth $38,000 after buying an additional 77 shares in the last quarter. Finally, Moors & Cabot Inc. acquired a new stake in shares of Quanta Services in the second quarter valued at about $299,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PWR has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective 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. Truist Financial restated a “buy” rating and issued a $643.00 target price (up from $548.00) on shares of Quanta Services in a report on Friday, February 20th. Weiss Ratings upgraded Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. DA Davidson upped their price objective on shares of Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Finally, Mizuho lifted their target price on shares of Quanta Services from $424.00 to $537.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 24th. Seventeen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $576.55.

Quanta Services Price Performance

PWR opened at $549.09 on Friday. The stock’s 50-day moving average price is $488.45 and its 200 day moving average price is $444.84. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $573.97. The firm has a market cap of $82.15 billion, a price-to-earnings ratio of 80.75, a PEG ratio of 2.59 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results 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. 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 for the quarter, compared to analyst estimates of $7.38 billion. During the same period in the prior year, the firm earned $2.94 earnings per share. The business’s revenue for the quarter 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. As a group, sell-side analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Company 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.