Chesapeake Capital Corp IL Takes Position in Quanta Services, Inc. $PWR

Chesapeake Capital Corp IL acquired a new position in Quanta Services, Inc. (NYSE:PWR) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 1,769 shares of the construction company’s stock, valued at approximately $733,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Lansforsakringar Fondforvaltning AB publ boosted its stake in shares of Quanta Services by 5.4% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock valued at $19,316,000 after purchasing an additional 2,375 shares during the period. Mediolanum International Funds Ltd increased its stake in Quanta Services by 15.5% during the 2nd quarter. Mediolanum International Funds Ltd now owns 33,158 shares of the construction company’s stock worth $12,642,000 after buying an additional 4,451 shares during the period. Calamos Advisors LLC lifted its holdings in Quanta Services by 17.1% during the 3rd quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock worth $43,680,000 after buying an additional 15,388 shares in the last quarter. Chilton Capital Management LLC boosted its position in Quanta Services by 63.3% in the 3rd quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock valued at $69,016,000 after buying an additional 64,560 shares during the period. Finally, Exchange Traded Concepts LLC grew its stake in shares of Quanta Services by 59.9% in the third quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock worth $18,397,000 after acquiring an additional 16,637 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PWR. Wolfe Research upped their price objective on Quanta Services from $477.00 to $576.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Argus boosted their target price on Quanta Services from $540.00 to $650.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. DA Davidson upped their price target on Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Cantor Fitzgerald lifted their price objective on Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Finally, Citigroup boosted their price objective on Quanta Services from $540.00 to $640.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $576.55.

Quanta Services Price Performance

Quanta Services stock opened at $558.55 on Friday. 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 company has a fifty day simple moving average of $504.26 and a 200-day simple moving average of $452.43. The stock has a market cap of $83.57 billion, a P/E ratio of 82.14, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $576.86.

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

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.