Mitsubishi UFJ Asset Management Co. Ltd. Has $122.26 Million Holdings in Quanta Services, Inc. $PWR

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Quanta Services, Inc. (NYSE:PWR) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 295,002 shares of the construction company’s stock after buying an additional 13,320 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.20% of Quanta Services worth $122,255,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Norges Bank bought a new position in Quanta Services during the second quarter worth $675,802,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Quanta Services by 57.2% during the 2nd 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 buying an additional 882,209 shares during the last quarter. Select Equity Group L.P. boosted its holdings in shares of Quanta Services by 69.3% during the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock worth $384,554,000 after buying an additional 416,395 shares during the period. Vanguard Group Inc. grew its stake in 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 buying an additional 386,937 shares during the last quarter. Finally, DAVENPORT & Co LLC bought a new position in Quanta Services in the 3rd quarter valued at about $97,080,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PWR has been the topic of several research reports. Argus set a $540.00 target price on Quanta Services in a research report on Friday, October 31st. Bank of America upped their price objective on Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a report on Friday, February 20th. JPMorgan Chase & Co. lifted their target price on Quanta Services from $515.00 to $627.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Citigroup boosted their target price on shares of Quanta Services from $540.00 to $640.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Finally, Cantor Fitzgerald raised their price target 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. Sixteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $562.95.

Quanta Services Stock Up 0.3%

Shares of NYSE PWR opened at $564.30 on Friday. The company’s 50 day moving average price is $475.30 and its 200-day moving average price is $438.55. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $573.94. The company has a market capitalization of $84.43 billion, a P/E ratio of 82.99, a price-to-earnings-growth ratio of 2.58 and a beta of 1.15.

Quanta Services (NYSE:PWR) last released its 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 return on equity of 18.10% and a net margin of 3.61%.The business had revenue of $7.84 billion during the quarter, compared to analysts’ expectations of $7.38 billion. During the same quarter last year, the firm posted $2.94 earnings per share. The firm’s 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. Equities analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current 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.