Northwestern Mutual Wealth Management Co. Raises Holdings in Quanta Services, Inc. $PWR

Northwestern Mutual Wealth Management Co. grew its holdings in Quanta Services, Inc. (NYSE:PWR) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,952 shares of the construction company’s stock after buying an additional 874 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Quanta Services were worth $20,127,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PWR. Cedar Mountain Advisors LLC increased its holdings in shares of Quanta Services by 321.4% in the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after purchasing an additional 45 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in Quanta Services during the second quarter worth about $26,000. Boreal Capital Management LLC acquired a new position in Quanta Services during the first quarter worth about $27,000. MV Capital Management Inc. purchased a new position in Quanta Services in the fourth quarter valued at about $30,000. Finally, Meeder Asset Management Inc. raised its holdings in Quanta Services by 221.7% during the fourth quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock worth $31,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Trading Up 0.7%

Shares of PWR opened at $611.43 on Wednesday. Quanta Services, Inc. has a 12 month low of $363.01 and a 12 month high of $788.75. The stock’s 50-day moving average is $656.94 and its two-hundred day moving average is $641.39. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05. The stock has a market cap of $91.92 billion, a PE ratio of 70.04, a P/E/G ratio of 1.99 and a beta of 1.20.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.93. The business had revenue of $9.56 billion during 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%.The company’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 earnings per share. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Equities analysts forecast that Quanta Services, Inc. will post 15.35 earnings per share for the current fiscal year.

Quanta Services announced that its board has initiated a share repurchase plan on Friday, May 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 0.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts have weighed in on PWR shares. KeyCorp raised Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 target price on the stock in a report on Friday, August 7th. Citigroup upped their target price on Quanta Services from $837.00 to $871.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Morgan Stanley cut Quanta Services to an “underweight” rating in a report on Monday, August 3rd. Benchmark downgraded Quanta Services to a “sell” rating in a report on Friday, July 31st. Finally, CICC Research began coverage on shares of Quanta Services in a research report on Thursday, May 21st. They issued an “outperform” rating and a $872.00 target price on the stock. One 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 issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.