Ceredex Value Advisors LLC Cuts Position in Quanta Services, Inc. $PWR

Ceredex Value Advisors LLC decreased its holdings in Quanta Services, Inc. (NYSE:PWR) by 4.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 63,100 shares of the construction company’s stock after selling 2,975 shares during the period. Ceredex Value Advisors LLC’s holdings in Quanta Services were worth $26,150,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Activest Wealth Management raised its position in Quanta Services by 94.1% in the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after purchasing an additional 32 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of Quanta Services in the second quarter valued at about $26,000. Cornerstone Planning Group LLC raised its holdings in shares of Quanta Services by 213.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after buying an additional 49 shares during the period. GPS Wealth Strategies Group LLC purchased a new position in Quanta Services in the 3rd quarter worth approximately $38,000. Finally, Guerra Advisors Inc purchased a new position in Quanta Services in the 3rd quarter worth approximately $38,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PWR. Cantor Fitzgerald boosted their target price on shares of Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. The Goldman Sachs Group lifted their price target on shares of Quanta Services from $495.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. JPMorgan Chase & Co. upped their price objective on shares of Quanta Services from $515.00 to $627.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Citigroup raised their target price on Quanta Services from $540.00 to $640.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Finally, 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 note on Friday, February 20th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $576.55.

Quanta Services Price Performance

Shares of PWR opened at $567.79 on Tuesday. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $573.97. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. The stock has a fifty day moving average price of $493.34 and a 200 day moving average price of $448.24. The company has a market cap of $84.95 billion, a P/E ratio of 83.50, a PEG ratio of 2.46 and a beta of 1.10.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, topping the consensus estimate of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The business had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.38 billion. During the same quarter in the prior year, the firm earned $2.94 earnings per share. The company’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. On average, research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services 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.