Quanta Services, Inc. $PWR Shares Sold by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP trimmed its stake in Quanta Services, Inc. (NYSE:PWR) by 35.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 93,642 shares of the construction company’s stock after selling 50,683 shares during the period. Quanta Services accounts for approximately 0.9% of Kayne Anderson Capital Advisors LP’s portfolio, making the stock its 21st biggest position. Kayne Anderson Capital Advisors LP’s holdings in Quanta Services were worth $38,807,000 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 the stock. Brighton Jones LLC purchased a new position in shares of Quanta Services during the fourth quarter worth about $298,000. Woodline Partners LP boosted its position in shares of Quanta Services by 40.7% in the 1st quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock valued at $3,170,000 after purchasing an additional 3,606 shares during the period. Wealthfront Advisers LLC grew its stake in Quanta Services by 5.1% during the 2nd quarter. Wealthfront Advisers LLC now owns 23,332 shares of the construction company’s stock worth $8,821,000 after buying an additional 1,133 shares during the last quarter. Delta Investment Management LLC acquired a new position in Quanta Services during the second quarter worth approximately $201,000. Finally, Solstein Capital LLC lifted its stake in Quanta Services by 185.7% in the second quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock valued at $30,000 after buying an additional 52 shares during the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PWR. Jefferies Financial Group raised their target price on shares of Quanta Services from $506.00 to $634.00 and gave the stock a “buy” rating in a research report on Tuesday. Bank of America increased their price target on shares of Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Cantor Fitzgerald lifted their price objective on shares of Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. increased their target price 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. Finally, Robert W. Baird boosted their price target on Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a research report on Friday. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and an average target price of $562.95.

Quanta Services Trading Up 3.7%

Shares of Quanta Services stock opened at $569.21 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58. The firm has a market cap of $85.17 billion, a price-to-earnings ratio of 83.71, a price-to-earnings-growth ratio of 2.55 and a beta of 1.15. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $570.92. The company’s 50-day simple moving average is $469.47 and its 200-day simple moving average is $436.79.

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, beating analysts’ consensus estimates of $3.02 by $0.14. The company had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, equities research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current 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.