Quanta Services, Inc. $PWR Shares Purchased by Moore Capital Management LP

Moore Capital Management LP raised its stake in Quanta Services, Inc. (NYSE:PWR) by 26.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 11,260 shares of the construction company’s stock after acquiring an additional 2,325 shares during the period. Moore Capital Management LP’s holdings in Quanta Services were worth $8,108,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Quanta Services in the fourth quarter valued at $817,285,000. Victory Capital Management Inc. raised its stake in shares of Quanta Services by 35.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock worth $1,230,493,000 after purchasing an additional 758,862 shares in the last quarter. Corient Private Wealth LLC grew its position in Quanta Services by 137.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock worth $486,065,000 after acquiring an additional 667,050 shares in the last quarter. Sands Capital Management LLC acquired a new position in shares of Quanta Services during the 4th quarter worth $243,485,000. Finally, Select Equity Group L.P. increased its stake in shares of Quanta Services by 69.3% during 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 during the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Stock Performance

NYSE:PWR opened at $603.18 on Monday. The firm’s 50-day moving average is $661.49 and its 200-day moving average is $640.09. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10. The company has a market cap of $90.68 billion, a price-to-earnings ratio of 69.09, a PEG ratio of 1.98 and a beta of 1.23. Quanta Services, Inc. has a 52-week low of $363.01 and a 52-week high of $788.75.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.93. The company had revenue of $9.56 billion for the quarter, compared to analyst estimates of $8.61 billion. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.Quanta Services’s revenue for the quarter was up 41.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.48 EPS. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Equities research analysts anticipate that Quanta Services, Inc. will post 15.35 earnings per share for the current year.

Quanta Services announced that its board has authorized a stock buyback program on Friday, May 22nd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PWR. KeyCorp upgraded shares of Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 price objective for the company in a report on Friday, August 7th. Citigroup boosted their price target on Quanta Services from $837.00 to $871.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Cantor Fitzgerald initiated coverage on Quanta Services in a research note on Friday, July 31st. They set an “outperform” rating for the company. UBS Group reissued a “buy” rating on shares of Quanta Services in a report on Monday, August 17th. Finally, BTIG Research lowered Quanta Services to a “hold” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $769.25.

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.