Waratah Capital Advisors Ltd. Has $1.01 Million Stake in Quanta Services, Inc. $PWR

Waratah Capital Advisors Ltd. lowered its holdings in Quanta Services, Inc. (NYSE:PWR) by 84.4% in the 3rd quarter, according to the company in 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 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PWR. Vanguard Group Inc. raised its holdings 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 worth $7,519,079,000 after acquiring an additional 386,937 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Quanta Services by 0.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,821,962 shares of the construction company’s stock worth $2,579,259,000 after purchasing an additional 49,334 shares in the last quarter. State Street Corp raised its stake in shares of Quanta Services by 0.4% in the second quarter. State Street Corp now owns 6,007,287 shares of the construction company’s stock worth $2,271,235,000 after purchasing an additional 24,669 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 152,823 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in 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 in the last quarter. 90.49% of the stock is owned by institutional investors.

Quanta Services Trading Up 3.7%

NYSE:PWR opened at $569.21 on Wednesday. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $570.92. The stock’s fifty day moving average price is $469.47 and its two-hundred day moving average price is $436.79. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. The company has a market cap of $85.17 billion, a P/E ratio of 83.71, a P/E/G ratio of 2.55 and a beta of 1.15.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.14. The company had revenue of $7.84 billion during the quarter, compared to analysts’ expectations of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Evercore reiterated an “outperform” rating and issued a $604.00 target price on shares of Quanta Services in a report on Friday. Jefferies Financial Group upped their target price on Quanta Services from $506.00 to $634.00 and gave the company a “buy” rating in a report on Tuesday. Stifel Nicolaus set a $647.00 price objective on Quanta Services in a research report on Monday. Bank of America lifted their target price on Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Finally, Cantor Fitzgerald increased their price target on shares of Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a research report on Friday. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued 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 a consensus target price of $562.95.

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.