Brevan Howard Capital Management LP Has $4.28 Million Stock Position in Quanta Services, Inc. $PWR

Brevan Howard Capital Management LP raised its position in shares of Quanta Services, Inc. (NYSE:PWR) by 146.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 10,336 shares of the construction company’s stock after purchasing an additional 6,143 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Quanta Services were worth $4,283,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted 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 valued at $7,519,079,000 after purchasing an additional 386,937 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Quanta Services by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 6,821,962 shares of the construction company’s stock valued at $2,579,259,000 after buying an additional 49,334 shares during the period. State Street Corp boosted its position in Quanta Services by 0.4% during the second quarter. State Street Corp now owns 6,007,287 shares of the construction company’s stock valued at $2,271,235,000 after acquiring an additional 24,669 shares during the last quarter. Bank of America Corp DE boosted its position in Quanta Services by 35.6% during the third quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock valued at $1,208,672,000 after acquiring an additional 765,822 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Quanta Services by 57.2% in 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 acquiring an additional 882,209 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PWR. Evercore reissued an “outperform” rating and issued a $604.00 price objective on shares of Quanta Services in a research note on Friday, February 20th. Cantor Fitzgerald lifted their target price on Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. DA Davidson boosted their price target on Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Weiss Ratings upgraded Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Finally, Bank of America lifted their price objective on shares of Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $576.55.

Quanta Services Stock Performance

Shares of PWR stock opened at $558.55 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $504.26 and a two-hundred day simple moving average of $453.40. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $576.86. The firm has a market capitalization of $83.57 billion, a PE ratio of 82.14, a price-to-earnings-growth ratio of 2.54 and a beta of 1.10.

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