Quanta Services, Inc. $PWR Position Lessened by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. decreased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 28.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,923 shares of the construction company’s stock after selling 6,361 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Quanta Services were worth $6,599,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Darwin Wealth Management LLC acquired a new stake in shares of Quanta Services during the 2nd quarter valued at about $26,000. Activest Wealth Management increased its holdings in Quanta Services by 94.1% in the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after buying an additional 32 shares during the last quarter. Cornerstone Planning Group LLC raised its position in Quanta Services by 213.0% during the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after acquiring an additional 49 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in Quanta Services in the second quarter valued at approximately $37,000. Finally, Berbice Capital Management LLC bought a new stake in Quanta Services in the second quarter worth approximately $38,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Performance

NYSE:PWR opened at $540.58 on Friday. The firm has a market capitalization of $80.88 billion, a PE ratio of 79.50, a PEG ratio of 2.46 and a beta of 1.10. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $573.97. 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’s fifty day simple moving average is $490.60 and its 200 day simple moving average is $446.41.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.14. The firm had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.38 billion. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The business’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PWR shares. Robert W. Baird raised their price target on shares of Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Roth Mkm reiterated a “buy” rating and issued a $600.00 price objective on shares of Quanta Services in a report on Friday, February 20th. Bank of America raised their target price on Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a report on Friday, February 20th. B. Riley Financial boosted their price target on Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Finally, TD Cowen upped their price target on Quanta Services from $425.00 to $570.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Seventeen research analysts have rated the stock with a Buy rating and seven have issued 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 $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.