Quanta Services, Inc. $PWR Shares Bought by CI Investments Inc.

CI Investments Inc. lifted its position in shares of Quanta Services, Inc. (NYSE:PWR) by 33.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,134 shares of the construction company’s stock after buying an additional 10,334 shares during the quarter. CI Investments Inc.’s holdings in Quanta Services were worth $17,047,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank purchased a new position in Quanta Services during the 2nd quarter valued at about $675,802,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Quanta Services by 57.2% during the 2nd 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 purchasing an additional 882,209 shares in the last quarter. Select Equity Group L.P. raised its position 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. Vanguard Group Inc. lifted its stake in Quanta Services by 2.2% in the 3rd 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 in the last quarter. Finally, DAVENPORT & Co LLC acquired a new stake in Quanta Services during the 3rd quarter valued at $97,080,000. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on PWR shares. Bank of America upped their price objective on Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. raised their price target on shares of Quanta Services from $515.00 to $627.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. B. Riley Financial lifted their price target on shares of Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Wolfe Research upped their price objective on shares of Quanta Services from $477.00 to $576.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Finally, UBS Group lifted their target price on shares of Quanta Services from $518.00 to $646.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $576.55.

Quanta Services Stock Performance

NYSE:PWR opened at $565.78 on Wednesday. The company has a market cap of $84.65 billion, a P/E ratio of 83.20, a P/E/G ratio of 2.62 and a beta of 1.10. The firm’s 50 day moving average is $483.43 and its two-hundred day moving average is $443.24. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $573.97. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $7.38 billion. During the same period in the previous year, the company earned $2.94 EPS. The business’s quarterly 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. Analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services 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.