First Trust Advisors LP Acquires 186,857 Shares of Quanta Services, Inc. $PWR

First Trust Advisors LP grew its stake in Quanta Services, Inc. (NYSE:PWR) by 29.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 812,748 shares of the construction company’s stock after purchasing an additional 186,857 shares during the period. First Trust Advisors LP’s holdings in Quanta Services were worth $336,819,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of PWR. Norges Bank acquired a new stake in Quanta Services in the 2nd quarter valued at $675,802,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Quanta Services by 57.2% during 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 acquiring an additional 882,209 shares in the last quarter. Select Equity Group L.P. lifted its holdings in shares of Quanta Services by 69.3% during the second quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock valued at $384,554,000 after acquiring an additional 416,395 shares during the period. 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 in the last quarter. Finally, DAVENPORT & Co LLC bought a new stake in shares of Quanta Services in the 3rd quarter worth about $97,080,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Trading Down 1.6%

PWR stock opened at $540.58 on Friday. 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, Inc. has a twelve month low of $227.08 and a twelve month high of $573.97. The company has a market cap of $80.88 billion, a P/E ratio of 79.50, a PEG ratio of 2.50 and a beta of 1.10. The business has a fifty day moving average of $490.60 and a 200-day moving average of $445.93.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.14. The business had revenue of $7.84 billion for the quarter, compared to analysts’ expectations of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, equities research analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PWR shares. The Goldman Sachs Group lifted their target price on shares of Quanta Services from $495.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Sanford C. Bernstein raised their price target on Quanta Services from $471.00 to $515.00 and gave the company a “market perform” rating in a report on Tuesday, February 24th. Evercore reiterated an “outperform” rating and issued a $604.00 price objective on shares of Quanta Services in a research report on Friday, February 20th. Mizuho boosted their price objective on Quanta Services from $424.00 to $537.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 24th. Finally, Robert W. Baird raised their target price on Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $576.55.

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.