Capital World Investors Sells 1,585,509 Shares of Quanta Services, Inc. $PWR

Capital World Investors trimmed its stake in Quanta Services, Inc. (NYSE:PWR) by 18.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 6,821,846 shares of the construction company’s stock after selling 1,585,509 shares during the quarter. Capital World Investors’ holdings in Quanta Services were worth $2,827,102,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management grew its holdings in Quanta Services by 94.1% in the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after purchasing an additional 32 shares during the period. Darwin Wealth Management LLC purchased a new stake in Quanta Services in the second quarter worth approximately $26,000. Cornerstone Planning Group LLC raised its stake in Quanta Services by 213.0% during the 3rd 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. GPS Wealth Strategies Group LLC purchased a new position in Quanta Services in the third quarter worth about $38,000. Finally, Guerra Advisors Inc purchased a new position in shares of Quanta Services in the third quarter worth approximately $38,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Up 5.1%

NYSE:PWR opened at $567.79 on Tuesday. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $573.97. The company has a market capitalization of $84.95 billion, a P/E ratio of 83.50, a PEG ratio of 2.46 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $493.34 and a 200-day simple moving average of $448.24.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.14. The company had revenue of $7.84 billion for the quarter, compared to the consensus estimate of $7.38 billion. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. Quanta Services’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, equities research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PWR. DA Davidson raised their price objective on Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. 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. TD Cowen raised their price target on Quanta Services from $425.00 to $570.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Roth Mkm reissued a “buy” rating and issued a $600.00 price objective on shares of Quanta Services in a research note on Friday, February 20th. Finally, Evercore reiterated an “outperform” rating and issued a $604.00 target price on shares of Quanta Services in a report on Friday, February 20th. Seventeen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and an average price target of $576.55.

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.