TIAA Trust National Association Purchases 4,499 Shares of Quanta Services, Inc. $PWR

TIAA Trust National Association raised its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 10.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,513 shares of the construction company’s stock after buying an additional 4,499 shares during the quarter. TIAA Trust National Association’s holdings in Quanta Services were worth $19,690,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Banco Santander S.A. grew its stake in shares of Quanta Services by 9.7% in the 3rd quarter. Banco Santander S.A. now owns 10,240 shares of the construction company’s stock worth $4,244,000 after buying an additional 905 shares in the last quarter. Integrated Advisors Network LLC lifted its position in Quanta Services by 123.1% during the third quarter. Integrated Advisors Network LLC now owns 3,353 shares of the construction company’s stock valued at $1,390,000 after acquiring an additional 1,850 shares during the last quarter. DNB Asset Management AS grew its position in Quanta Services by 4.2% during the 3rd quarter. DNB Asset Management AS now owns 52,950 shares of the construction company’s stock worth $21,944,000 after purchasing an additional 2,133 shares during the last quarter. Advisor OS LLC lifted its stake in Quanta Services by 13.6% during the 3rd quarter. Advisor OS LLC now owns 3,043 shares of the construction company’s stock valued at $1,261,000 after acquiring an additional 364 shares during the period. Finally, Westpac Banking Corp purchased a new position in shares of Quanta Services during the 3rd quarter valued at approximately $1,764,000. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PWR. Bank of America lifted their price objective on Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Truist Financial reaffirmed a “buy” rating and set a $643.00 price target (up from $548.00) on shares of Quanta Services in a report on Friday, February 20th. Wolfe Research increased their price objective on Quanta Services from $477.00 to $576.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Citigroup lifted their target price on shares of Quanta Services from $540.00 to $640.00 and gave the company a “buy” rating in a report on Friday, February 20th. Finally, Evercore restated an “outperform” rating and issued a $604.00 price target on shares of Quanta Services in a report on Friday, February 20th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $562.95.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $563.06 on Friday. 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 market cap of $84.25 billion, a price-to-earnings ratio of 82.80, a P/E/G ratio of 2.58 and a beta of 1.15. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $573.94. The business has a fifty day simple moving average of $478.04 and a 200 day simple moving average of $439.79.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 EPS 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 business had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.38 billion. During the same quarter in the prior year, the firm posted $2.94 EPS. The firm’s revenue for the quarter 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, sell-side analysts predict that Quanta Services, Inc. will post 9.34 earnings per share 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.