Integrated Wealth Concepts LLC Has $13.19 Million Stock Position in Quanta Services, Inc. $PWR

Integrated Wealth Concepts LLC lifted its holdings in Quanta Services, Inc. (NYSE:PWR) by 8.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 31,837 shares of the construction company’s stock after acquiring an additional 2,351 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Quanta Services were worth $13,194,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Lansforsakringar Fondforvaltning AB publ raised its holdings in Quanta Services by 5.4% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock valued at $19,316,000 after acquiring an additional 2,375 shares in the last quarter. Mediolanum International Funds Ltd grew its holdings in shares of Quanta Services by 15.5% during the 2nd quarter. Mediolanum International Funds Ltd now owns 33,158 shares of the construction company’s stock worth $12,642,000 after purchasing an additional 4,451 shares in the last quarter. Calamos Advisors LLC grew its holdings in shares of Quanta Services by 17.1% during the 3rd quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock worth $43,680,000 after purchasing an additional 15,388 shares in the last quarter. Chilton Capital Management LLC increased its position in shares of Quanta Services by 63.3% in the third quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock worth $69,016,000 after purchasing an additional 64,560 shares during the period. Finally, Exchange Traded Concepts LLC raised its stake in Quanta Services by 59.9% in the third quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock valued at $18,397,000 after purchasing an additional 16,637 shares in the last quarter. 90.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

PWR has been the topic of a number of analyst reports. Truist Financial reiterated a “buy” rating and set a $643.00 price objective (up from $548.00) on shares of Quanta Services in a research note on Friday, February 20th. Robert W. Baird boosted their target price on shares of Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. B. Riley Financial upped their price target on shares of Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. UBS Group increased their price target on shares of Quanta Services from $518.00 to $646.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, Cantor Fitzgerald boosted their price objective on shares of Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Seventeen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $576.55.

Quanta Services Stock Up 2.8%

Shares of NYSE PWR opened at $574.81 on Tuesday. The company has a market cap of $86.00 billion, a price-to-earnings ratio of 84.53, a PEG ratio of 2.54 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $576.86. The stock has a 50-day moving average price of $507.05 and a two-hundred day moving average price of $454.73.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.14. The company had revenue of $7.84 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company posted $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

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.