Quanta Services, Inc. $PWR Shares Sold by Silvant Capital Management LLC

Silvant Capital Management LLC trimmed its stake in Quanta Services, Inc. (NYSE:PWR) by 8.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,587 shares of the construction company’s stock after selling 2,893 shares during the quarter. Silvant Capital Management LLC’s holdings in Quanta Services were worth $12,676,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in PWR. Lansforsakringar Fondforvaltning AB publ grew its stake in Quanta Services by 5.4% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock worth $19,316,000 after buying an additional 2,375 shares during the period. Mediolanum International Funds Ltd boosted its position in Quanta Services by 15.5% during the 2nd quarter. Mediolanum International Funds Ltd now owns 33,158 shares of the construction company’s stock worth $12,642,000 after purchasing an additional 4,451 shares during the period. Calamos Advisors LLC increased its holdings in Quanta Services by 17.1% in the 3rd quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock valued at $43,680,000 after purchasing an additional 15,388 shares in the last quarter. Chilton Capital Management LLC raised its position in Quanta Services by 63.3% in the third quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock valued at $69,016,000 after purchasing an additional 64,560 shares during the period. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Quanta Services by 59.9% during the third quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock worth $18,397,000 after purchasing an additional 16,637 shares in the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PWR. Argus upped their target price on Quanta Services from $540.00 to $650.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Bank of America boosted their price target on Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Wolfe Research increased their price objective on shares of Quanta Services from $477.00 to $576.00 and gave the company an “outperform” rating in a research 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Quanta Services from $515.00 to $627.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $576.55.

Quanta Services Stock Down 0.8%

Shares of NYSE:PWR opened at $563.76 on Wednesday. The firm has a market cap of $84.35 billion, a PE ratio of 82.91, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10. The company has a fifty day simple moving average of $496.04 and a 200 day simple moving average of $449.54. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $576.86.

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