Moore Capital Management LP Raises Stock Holdings in Quanta Services, Inc. $PWR

Moore Capital Management LP grew its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 18.1% during the third quarter, Holdings Channel reports. The institutional investor owned 79,115 shares of the construction company’s stock after buying an additional 12,107 shares during the period. Moore Capital Management LP’s holdings in Quanta Services were worth $32,787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in PWR. Norges Bank bought a new stake in Quanta Services during the 2nd quarter worth approximately $675,802,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Quanta Services by 57.2% in the second 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 during the period. Bank of America Corp DE increased its stake in shares of Quanta Services by 35.6% in the third quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock worth $1,208,672,000 after purchasing an additional 765,822 shares in the last quarter. Select Equity Group L.P. increased its stake in shares of Quanta Services by 69.3% in the second 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 in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Quanta Services by 2.2% during 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 period. 90.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PWR. Roth Mkm reaffirmed a “buy” rating and issued a $600.00 target price on shares of Quanta Services in a report on Friday, February 20th. The Goldman Sachs Group boosted their price objective on Quanta Services from $495.00 to $685.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Citigroup upped their price objective on Quanta Services from $540.00 to $640.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Wolfe Research increased their target price on Quanta Services from $477.00 to $576.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Finally, Evercore reissued an “outperform” rating and issued a $604.00 price target on shares of Quanta Services in a report on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $576.55.

Quanta Services Stock Up 2.8%

Shares of PWR stock opened at $574.81 on Tuesday. The company’s fifty day simple moving average is $507.05 and its two-hundred day simple moving average is $454.73. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $576.86. The stock has a market cap of $86.00 billion, a P/E ratio of 84.53, a PEG ratio of 2.54 and a beta of 1.10. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR) last issued 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. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The firm had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.38 billion. During the same quarter last year, the business posted $2.94 earnings per share. 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 predict 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.