Russell Investments Group Ltd. Increases Stake in Quanta Services, Inc. $PWR

Russell Investments Group Ltd. raised its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 27.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,869 shares of the construction company’s stock after buying an additional 20,727 shares during the quarter. Russell Investments Group Ltd. owned about 0.06% of Quanta Services worth $40,001,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PWR. Norges Bank acquired a new position in Quanta Services during the second quarter worth about $675,802,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Quanta Services by 57.2% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock valued at $917,009,000 after acquiring an additional 882,209 shares during the last quarter. Select Equity Group L.P. lifted its stake in Quanta Services by 69.3% in the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock worth $384,554,000 after purchasing an additional 416,395 shares in the last quarter. Vanguard Group Inc. lifted its stake in 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 purchasing an additional 386,937 shares in the last quarter. Finally, DAVENPORT & Co LLC acquired a new position in shares of Quanta Services during the 3rd quarter worth approximately $97,080,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Trading Up 0.7%

PWR opened at $568.05 on Thursday. The stock has a market capitalization of $84.99 billion, a PE ratio of 83.54, a P/E/G ratio of 2.57 and a beta of 1.10. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $576.86. 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 business’s 50 day moving average price is $498.97 and its 200 day moving average price is $450.37.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.14. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The company had revenue of $7.84 billion during the quarter, compared to analysts’ expectations of $7.38 billion. During the same quarter last year, the firm 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. As a group, equities research analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PWR shares. Stifel Nicolaus set a $647.00 price target on Quanta Services in a report on Monday, February 23rd. Cantor Fitzgerald boosted their price objective on Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Mizuho raised their target price on Quanta Services from $424.00 to $537.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 24th. Sanford C. Bernstein lifted their price target on Quanta Services from $471.00 to $515.00 and gave the stock a “market perform” rating in a report on Tuesday, February 24th. Finally, DA Davidson boosted their price target on shares of Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $576.55.

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.