Boothbay Fund Management LLC Trims Holdings in Quanta Services, Inc. $PWR

Boothbay Fund Management LLC trimmed its holdings in Quanta Services, Inc. (NYSE:PWR) by 7.0% in the 3rd quarter, Holdings Channel reports. The fund owned 34,452 shares of the construction company’s stock after selling 2,594 shares during the quarter. Boothbay Fund Management LLC’s holdings in Quanta Services were worth $14,278,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PWR. Norges Bank purchased a new stake in Quanta Services in the second quarter worth about $675,802,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of 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 valued at $917,009,000 after purchasing an additional 882,209 shares during the last quarter. Select Equity Group L.P. boosted its position in shares of Quanta Services by 69.3% in 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 in the last quarter. Vanguard Group Inc. grew its stake in shares of Quanta Services by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock worth $7,519,079,000 after buying an additional 386,937 shares during the last quarter. Finally, DAVENPORT & Co LLC bought a new position in Quanta Services during the 3rd quarter valued at approximately $97,080,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Down 1.5%

PWR stock opened at $558.55 on Friday. The stock has a market capitalization of $83.57 billion, a P/E ratio of 82.14, a P/E/G ratio of 2.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $576.86. The business has a fifty day moving average price of $504.26 and a 200-day moving average price of $452.91.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Evercore reissued an “outperform” rating and issued a $604.00 target price on shares of Quanta Services in a report on Friday, February 20th. Citigroup raised their price target on Quanta Services from $540.00 to $640.00 and gave the company a “buy” rating in a report on Friday, February 20th. Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Cantor Fitzgerald increased their price objective on shares of Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. raised their price objective 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. Seventeen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $576.55.

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.