Connor Clark & Lunn Investment Management Ltd. Buys 32,419 Shares of Quanta Services, Inc. $PWR

Connor Clark & Lunn Investment Management Ltd. raised its stake in Quanta Services, Inc. (NYSE:PWR) by 29.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 142,226 shares of the construction company’s stock after buying an additional 32,419 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.10% of Quanta Services worth $58,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Darwin Wealth Management LLC purchased a new stake in Quanta Services in the second quarter valued at $26,000. Activest Wealth Management increased its position in shares of Quanta Services by 94.1% during the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after purchasing an additional 32 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in Quanta Services by 213.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after purchasing an additional 49 shares during the last quarter. Berbice Capital Management LLC purchased a new position in Quanta Services in the 2nd quarter valued at $38,000. Finally, GPS Wealth Strategies Group LLC acquired a new stake in shares of Quanta Services in the third quarter valued at approximately $38,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Price Performance

PWR stock opened at $568.05 on Thursday. The stock has a 50-day simple moving average of $498.97 and a 200-day simple moving average of $450.37. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $576.86. The firm has a market cap of $84.99 billion, a P/E ratio of 83.54, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10. 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 (NYSE:PWR) last released its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The firm had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. During the same quarter in the previous year, the company 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. On average, equities analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PWR has been the subject of a number of recent analyst reports. B. Riley Financial lifted their price target on shares of Quanta Services from $450.00 to $565.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. DA Davidson raised their price objective on shares of Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. UBS Group increased their target price on shares of Quanta Services from $518.00 to $646.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Robert W. Baird boosted their price target on shares of Quanta Services from $490.00 to $606.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. lifted their price objective on Quanta Services from $515.00 to $627.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Seventeen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $576.55.

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.