Vestcor Inc Purchases 4,387 Shares of Quanta Services, Inc. $PWR

Vestcor Inc grew its stake in Quanta Services, Inc. (NYSE:PWR) by 143.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 7,436 shares of the construction company’s stock after purchasing an additional 4,387 shares during the period. Vestcor Inc’s holdings in Quanta Services were worth $3,082,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings 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. JPMorgan Chase & Co. increased its holdings in shares of Quanta Services by 0.7% during the second quarter. JPMorgan Chase & Co. now owns 6,821,962 shares of the construction company’s stock valued at $2,579,259,000 after acquiring an additional 49,334 shares in the last quarter. State Street Corp increased its stake in Quanta Services by 0.4% during the 2nd quarter. State Street Corp now owns 6,007,287 shares of the construction company’s stock valued at $2,271,235,000 after purchasing an additional 24,669 shares in the last quarter. Geode Capital Management LLC lifted its position in Quanta Services by 4.1% during the 2nd quarter. Geode Capital Management LLC now owns 3,873,293 shares of the construction company’s stock worth $1,458,362,000 after acquiring an additional 152,823 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of 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 purchasing an additional 882,209 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Down 0.8%

NYSE PWR opened at $563.76 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. The firm has a market cap of $84.35 billion, a price-to-earnings ratio of 82.91, a PEG ratio of 2.58 and a beta of 1.10. The firm has a 50 day simple moving average of $496.04 and a 200-day simple moving average of $449.54. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $576.86.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.14. The company had revenue of $7.84 billion for 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 firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Equities research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on PWR shares. Jefferies Financial Group boosted their price target on Quanta Services from $506.00 to $634.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Wolfe Research upped their target price on shares of Quanta Services from $477.00 to $576.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Citigroup upped their target price on Quanta Services from $540.00 to $640.00 and gave the company a “buy” rating in a 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 company a “buy” rating in a research report on Tuesday, February 24th. Finally, UBS Group increased their price objective on Quanta Services from $518.00 to $646.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Seventeen 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.com, Quanta Services has an average 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.