Quanta Services, Inc. $PWR Stock Position Raised by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP boosted its holdings in Quanta Services, Inc. (NYSE:PWR) by 44.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 245,506 shares of the construction company’s stock after acquiring an additional 75,449 shares during the period. Westfield Capital Management Co. LP owned about 0.16% of Quanta Services worth $101,743,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in PWR. Rothschild Investment LLC lifted its holdings in shares of Quanta Services by 2.8% in the 3rd quarter. Rothschild Investment LLC now owns 850 shares of the construction company’s stock worth $352,000 after purchasing an additional 23 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in Quanta Services by 0.5% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company’s stock worth $1,968,000 after buying an additional 23 shares during the period. Wealth Alliance LLC lifted its stake in Quanta Services by 1.4% in the third quarter. Wealth Alliance LLC now owns 1,636 shares of the construction company’s stock valued at $678,000 after buying an additional 23 shares during the last quarter. Petros Family Wealth LLC boosted its holdings in shares of Quanta Services by 2.2% during the third quarter. Petros Family Wealth LLC now owns 1,101 shares of the construction company’s stock valued at $456,000 after acquiring an additional 24 shares during the period. Finally, Ashton Thomas Private Wealth LLC grew its position in shares of Quanta Services by 1.2% during the second quarter. Ashton Thomas Private Wealth LLC now owns 2,250 shares of the construction company’s stock worth $851,000 after acquiring an additional 26 shares during the last quarter. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Down 0.9%

Shares of NYSE:PWR opened at $563.05 on Thursday. The company has a market cap of $84.24 billion, a PE ratio of 82.80, a price-to-earnings-growth ratio of 2.61 and a beta of 1.15. The firm has a 50 day simple moving average of $472.44 and a 200 day simple moving average of $437.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $573.94.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $7.38 billion. During the same period in the previous year, the firm earned $2.94 earnings per share. Quanta Services’s quarterly revenue was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, research analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PWR shares. Truist Financial reiterated a “buy” rating and issued a $643.00 price objective (up from $548.00) on shares of Quanta Services in a research report on Friday, February 20th. Bank of America upped their target price on shares of Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. The Goldman Sachs Group lifted their price target on Quanta Services from $495.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday. Jefferies Financial Group raised their target price on Quanta Services from $506.00 to $634.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Wolfe Research raised their target price 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. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $562.95.

Quanta Services Company 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.