Quanta Services, Inc. $PWR Shares Bought by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC boosted its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 515,568 shares of the construction company’s stock after purchasing an additional 2,569 shares during the period. CIBC Private Wealth Group LLC owned approximately 0.35% of Quanta Services worth $213,662,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Darwin Wealth Management LLC purchased a new stake in shares of Quanta Services during the second quarter valued at $26,000. Activest Wealth Management raised its stake in Quanta Services by 94.1% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after acquiring an additional 32 shares during the last quarter. Cornerstone Planning Group LLC lifted its position in Quanta Services by 213.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock worth $30,000 after acquiring an additional 49 shares during the period. Berbice Capital Management LLC purchased a new stake in Quanta Services during the 2nd quarter valued at about $38,000. Finally, GPS Wealth Strategies Group LLC purchased a new stake in Quanta Services during the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Robert W. Baird raised their price objective on Quanta Services from $490.00 to $606.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Argus increased their price target on shares of Quanta Services from $540.00 to $650.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Roth Mkm reissued a “buy” rating and set a $600.00 price target on shares of Quanta Services in a research report on Friday, February 20th. Cantor Fitzgerald lifted their price objective on shares of Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Finally, Wolfe Research increased their price objective on shares of Quanta Services from $477.00 to $576.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $576.55.

Quanta Services Stock Down 0.4%

Quanta Services stock opened at $571.87 on Wednesday. The business’s 50-day moving average price is $509.72 and its 200 day moving average price is $456.10. 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 $85.56 billion, a price-to-earnings ratio of 84.10, a price-to-earnings-growth ratio of 2.61 and a beta of 1.10. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $578.40.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.14. The company 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%.Quanta Services’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

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.