Sierra Summit Advisors LLC Buys 5,740 Shares of Quanta Services, Inc. $PWR

Sierra Summit Advisors LLC raised its position in Quanta Services, Inc. (NYSE:PWR) by 20.2% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 34,143 shares of the construction company’s stock after buying an additional 5,740 shares during the period. Quanta Services comprises approximately 2.2% of Sierra Summit Advisors LLC’s holdings, making the stock its 15th largest holding. Sierra Summit Advisors LLC’s holdings in Quanta Services were worth $14,150,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC boosted its holdings in Quanta Services by 2.8% in the third quarter. Rothschild Investment LLC now owns 850 shares of the construction company’s stock valued at $352,000 after acquiring an additional 23 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its holdings in Quanta Services by 0.5% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company’s stock worth $1,968,000 after purchasing an additional 23 shares during the last quarter. Wealth Alliance LLC lifted its position in Quanta Services by 1.4% during the 3rd quarter. Wealth Alliance LLC now owns 1,636 shares of the construction company’s stock valued at $678,000 after purchasing an additional 23 shares during the period. Petros Family Wealth LLC boosted its stake in shares of Quanta Services by 2.2% in the 3rd quarter. Petros Family Wealth LLC now owns 1,101 shares of the construction company’s stock valued at $456,000 after purchasing an additional 24 shares during the last quarter. Finally, Carr Financial Group Corp grew its position in shares of Quanta Services by 1.8% during the 3rd quarter. Carr Financial Group Corp now owns 1,471 shares of the construction company’s stock worth $610,000 after buying an additional 26 shares during the period. Institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on PWR shares. The Goldman Sachs Group raised their price objective on shares of Quanta Services from $495.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday. Mizuho raised their price target on Quanta Services from $424.00 to $537.00 and gave the stock a “neutral” rating in a research report on Tuesday. UBS Group upped their price objective on Quanta Services from $518.00 to $646.00 and gave the company a “buy” rating in a report on Friday, February 20th. Roth Mkm restated a “buy” rating and set a $600.00 target price on shares of Quanta Services in a report on Friday, February 20th. Finally, Cantor Fitzgerald upped their price target on Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Seventeen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Quanta Services has an average rating of “Moderate Buy” and a consensus price target of $569.95.

Quanta Services Stock Performance

Shares of PWR opened at $563.06 on Friday. The firm has a market cap of $84.25 billion, a P/E ratio of 82.80, a PEG ratio of 2.58 and a beta of 1.15. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $573.94. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. The firm’s 50 day moving average price is $478.04 and its two-hundred day moving average price is $440.13.

Quanta Services (NYSE:PWR) last issued 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. The business 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 firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period last year, the business posted $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal 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.