Waratah Capital Advisors Ltd. Sells 13,197 Shares of Quanta Services, Inc. $PWR

Waratah Capital Advisors Ltd. reduced its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 84.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,442 shares of the construction company’s stock after selling 13,197 shares during the quarter. Waratah Capital Advisors Ltd.’s holdings in Quanta Services were worth $1,012,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PWR. Rothschild Investment LLC lifted its stake in shares of Quanta Services by 2.8% during the 3rd quarter. Rothschild Investment LLC now owns 850 shares of the construction company’s stock worth $352,000 after buying an additional 23 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Quanta Services by 0.5% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company’s stock worth $1,968,000 after acquiring an additional 23 shares during the period. Wealth Alliance LLC increased its stake in shares of Quanta Services by 1.4% during the third quarter. Wealth Alliance LLC now owns 1,636 shares of the construction company’s stock worth $678,000 after purchasing an additional 23 shares during the period. Petros Family Wealth LLC lifted its holdings in Quanta Services by 2.2% during the 3rd quarter. Petros Family Wealth LLC now owns 1,101 shares of the construction company’s stock worth $456,000 after purchasing an additional 24 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC boosted its stake in Quanta Services by 1.2% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 2,250 shares of the construction company’s stock valued at $851,000 after purchasing an additional 26 shares during the period. Institutional investors own 90.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PWR shares. Truist Financial reissued a “buy” rating and set a $643.00 target price (up from $548.00) on shares of Quanta Services in a report on Friday, February 20th. Bank of America boosted their price objective on shares of Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a report on Friday, February 20th. Cantor Fitzgerald raised their target price on shares of Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a report on Friday. Robert W. Baird boosted their price target on Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a research note on Friday. Finally, The Goldman Sachs Group raised their price objective on Quanta Services from $495.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $562.95.

Quanta Services Trading Up 3.7%

Shares of PWR opened at $569.21 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. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $570.92. The firm has a market cap of $85.17 billion, a price-to-earnings ratio of 83.71, a PEG ratio of 2.55 and a beta of 1.15. The business’s fifty day moving average is $469.47 and its 200-day moving average is $436.79.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.14. The firm had revenue of $7.84 billion for 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 for the quarter was up 19.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Equities analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal 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.