Trivium Point Advisory LLC Sells 5,598 Shares of Quanta Services, Inc. $PWR

Trivium Point Advisory LLC cut its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 40.8% during the 3rd quarter, Holdings Channel reports. The fund owned 8,110 shares of the construction company’s stock after selling 5,598 shares during the period. Trivium Point Advisory LLC’s holdings in Quanta Services were worth $3,361,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PWR. Norges Bank bought a new position in shares of Quanta Services in the 2nd quarter worth $675,802,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Quanta Services by 57.2% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock worth $917,009,000 after buying an additional 882,209 shares during the last quarter. Select Equity Group L.P. lifted its stake in shares of Quanta Services by 69.3% in the second quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock valued at $384,554,000 after buying an additional 416,395 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Quanta Services by 2.2% during the third quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock valued at $7,519,079,000 after buying an additional 386,937 shares during the last quarter. Finally, DAVENPORT & Co LLC bought a new stake in shares of Quanta Services during the third quarter worth about $97,080,000. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Performance

NYSE PWR opened at $563.06 on Friday. The firm has a market cap of $84.25 billion, a P/E ratio of 82.80, a price-to-earnings-growth ratio of 2.58 and a beta of 1.15. 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 company’s 50 day moving average is $478.04 and its 200-day moving average is $439.79. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $573.94.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, topping the consensus estimate of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The company had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. During the same period last year, the firm earned $2.94 EPS. Quanta Services’s revenue for the quarter was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Sell-side analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

PWR has been the topic of a number of analyst reports. Sanford C. Bernstein lifted their price objective on shares of Quanta Services from $428.00 to $471.00 and gave the stock a “market perform” rating in a report on Monday, February 9th. Cantor Fitzgerald upped their price objective on shares of Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Jefferies Financial Group lifted their target price on shares of Quanta Services from $506.00 to $634.00 and gave the stock a “buy” rating in a research report on Tuesday. Truist Financial reiterated a “buy” rating and set a $643.00 target price (up from $548.00) on shares of Quanta Services in a research note on Friday, February 20th. Finally, Stifel Nicolaus set a $647.00 price target on shares of Quanta Services in a research report on Monday. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $562.95.

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.