Union Bancaire Privee UBP SA Reduces Holdings in Quanta Services, Inc. $PWR

Union Bancaire Privee UBP SA decreased its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,976 shares of the construction company’s stock after selling 3,952 shares during the period. Quanta Services makes up 0.6% of Union Bancaire Privee UBP SA’s investment portfolio, making the stock its 29th largest holding. Union Bancaire Privee UBP SA owned approximately 0.07% of Quanta Services worth $43,128,000 as of its most recent filing with the Securities and Exchange Commission.

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

Quanta Services Trading Up 0.9%

Shares of NYSE:PWR opened at $577.09 on Friday. The stock’s 50-day simple moving average is $515.67 and its two-hundred day simple moving average is $457.74. The stock has a market capitalization of $86.34 billion, a price-to-earnings ratio of 84.87, a PEG ratio of 2.60 and a beta of 1.10. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $583.73. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data 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 firm had revenue of $7.84 billion for the quarter, compared to analysts’ expectations of $7.38 billion. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The business’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current year.

Analysts Set New Price Targets

PWR has been the topic of several recent analyst reports. Mizuho increased their price objective on shares of Quanta Services from $424.00 to $537.00 and gave the company a “neutral” rating in a research report on Tuesday, February 24th. Robert W. Baird raised their price target on shares of Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Citigroup increased their target price on Quanta Services from $540.00 to $640.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Bank of America upped their price target on Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a report on Friday, February 20th. Finally, DA Davidson boosted their target price on Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Quanta Services has an average rating of “Moderate Buy” and an average target price 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.