Picton Mahoney Asset Management Decreases Stock Position in Quanta Services, Inc. $PWR

Picton Mahoney Asset Management decreased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 16.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 63,775 shares of the construction company’s stock after selling 12,110 shares during the period. Picton Mahoney Asset Management’s holdings in Quanta Services were worth $26,430,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Darwin Wealth Management LLC acquired a new position in Quanta Services during the 2nd quarter valued at approximately $26,000. Activest Wealth Management lifted its stake in shares of Quanta Services by 94.1% during the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after buying an additional 32 shares during the period. Cornerstone Planning Group LLC grew its holdings in shares of Quanta Services by 213.0% during the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after buying an additional 49 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of Quanta Services in the 2nd quarter valued at $37,000. Finally, NewSquare Capital LLC raised its stake in Quanta Services by 320.8% in the 2nd quarter. NewSquare Capital LLC now owns 101 shares of the construction company’s stock worth $38,000 after acquiring an additional 77 shares during the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PWR has been the topic of a number of research reports. UBS Group increased 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. The Goldman Sachs Group upped their target price on Quanta Services from $495.00 to $685.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Evercore reissued an “outperform” rating and set a $604.00 price target on shares of Quanta Services in a research report on Friday, February 20th. DA Davidson lifted their price objective on shares of Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Quanta Services from $515.00 to $627.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Seventeen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Quanta Services presently has an average rating of “Moderate Buy” and a consensus target price of $576.55.

Quanta Services Stock Down 1.2%

Shares of NYSE PWR opened at $565.78 on Wednesday. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $573.97. The company has a 50 day simple moving average of $483.43 and a 200-day simple moving average of $443.24. The company has a market capitalization of $84.65 billion, a P/E ratio of 83.20, a P/E/G ratio of 2.62 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09.

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 the consensus estimate of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The firm 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 business posted $2.94 EPS. 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. On average, equities research analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current 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.