Bamco Inc. NY Has $147.88 Million Holdings in Quanta Services, Inc. $PWR

Bamco Inc. NY lifted its position in shares of Quanta Services, Inc. (NYSE:PWR) by 0.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 356,846 shares of the construction company’s stock after purchasing an additional 2,371 shares during the period. Bamco Inc. NY’s holdings in Quanta Services were worth $147,884,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Quanta Services during the fourth quarter worth about $298,000. Woodline Partners LP raised its holdings in Quanta Services by 40.7% in the 1st quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock valued at $3,170,000 after buying an additional 3,606 shares during the last quarter. AE Wealth Management LLC bought a new position in Quanta Services in the 2nd quarter valued at approximately $351,000. Boston Partners acquired a new stake in Quanta Services during the 2nd quarter worth approximately $936,000. Finally, SBI Securities Co. Ltd. grew its holdings in Quanta Services by 8.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 589 shares of the construction company’s stock worth $223,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Price Performance

PWR stock opened at $558.55 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58. The firm has a market cap of $83.57 billion, a price-to-earnings ratio of 82.14, a PEG ratio of 2.54 and a beta of 1.10. The company’s fifty day simple moving average is $504.26 and its 200 day simple moving average is $452.91. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $576.86.

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 analysts’ consensus estimates of $3.02 by $0.14. The firm had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The business’s revenue was up 19.7% compared to the same quarter last year. During the same period last year, the business posted $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Quanta Services from $515.00 to $627.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Stifel Nicolaus set a $647.00 price objective on Quanta Services in a report on Monday, February 23rd. Roth Mkm reaffirmed a “buy” rating and set a $600.00 target price on shares of Quanta Services in a research report on Friday, February 20th. Weiss Ratings upgraded Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Finally, The Goldman Sachs Group increased their price target on Quanta Services from $495.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Seventeen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $576.55.

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.