US Bancorp DE Grows Stock Position in Quanta Services, Inc. $PWR

US Bancorp DE increased its stake in Quanta Services, Inc. (NYSE:PWR) by 4.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,703 shares of the construction company’s stock after acquiring an additional 1,377 shares during the period. US Bancorp DE’s holdings in Quanta Services were worth $12,310,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bradley Foster & Sargent Inc. CT boosted its stake in shares of Quanta Services by 0.5% during the third quarter. Bradley Foster & Sargent Inc. CT now owns 102,419 shares of the construction company’s stock valued at $42,444,000 after purchasing an additional 507 shares during the period. First Heartland Consultants Inc. raised its holdings in Quanta Services by 5.7% during the 3rd quarter. First Heartland Consultants Inc. now owns 2,014 shares of the construction company’s stock valued at $835,000 after buying an additional 108 shares during the last quarter. Mufg Securities Americas Inc. grew its holdings in Quanta Services by 22.4% in the 3rd quarter. Mufg Securities Americas Inc. now owns 4,019 shares of the construction company’s stock worth $1,666,000 after acquiring an additional 735 shares during the last quarter. Lake Street Private Wealth LLC bought a new stake in Quanta Services in the 3rd quarter worth $207,000. Finally, Compound Planning Inc. increased its position in shares of Quanta Services by 15.0% in the third quarter. Compound Planning Inc. now owns 1,732 shares of the construction company’s stock valued at $718,000 after acquiring an additional 226 shares during the period. 90.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Jefferies Financial Group increased their target price on shares of Quanta Services from $506.00 to $634.00 and gave the stock a “buy” rating in a report on Tuesday. Citigroup upped their price target on Quanta Services from $540.00 to $640.00 and gave the company a “buy” rating in a research report on Friday, February 20th. DA Davidson lifted their price objective on Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. UBS Group upped their target price on Quanta Services from $518.00 to $646.00 and gave the company a “buy” rating in a report on Friday, February 20th. Finally, Cantor Fitzgerald lifted their price target on shares of Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $569.95.

Quanta Services Trading Down 0.4%

NYSE PWR opened at $563.06 on Friday. The firm has a market capitalization of $84.25 billion, a PE ratio of 82.80, a P/E/G ratio of 2.58 and a beta of 1.15. The stock’s 50 day moving average is $478.04 and its 200 day moving average is $440.13. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $573.94. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data 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 return on equity of 18.10% and a net margin of 3.61%.The business had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. During the same quarter in the prior year, the company earned $2.94 earnings per share. The firm’s quarterly revenue 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. Research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

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.