Legal & General Group Plc Increases Stake in Quanta Services, Inc. $PWR

Legal & General Group Plc boosted its stake in Quanta Services, Inc. (NYSE:PWR) by 5.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 832,834 shares of the construction company’s stock after buying an additional 44,762 shares during the period. Legal & General Group Plc owned 0.56% of Quanta Services worth $345,143,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of Quanta Services in the 4th quarter valued at approximately $298,000. Woodline Partners LP grew its stake in Quanta Services by 40.7% in the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after purchasing an additional 3,606 shares during the period. AE Wealth Management LLC bought a new position in Quanta Services in the second quarter worth $351,000. Los Angeles Capital Management LLC lifted its position in Quanta Services by 171.0% during the second quarter. Los Angeles Capital Management LLC now owns 2,924 shares of the construction company’s stock valued at $1,106,000 after buying an additional 1,845 shares during the period. Finally, Midwest Trust Co bought a new stake in shares of Quanta Services during the 2nd quarter valued at $518,000. 90.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PWR has been the topic of a number of recent research reports. Roth Mkm reaffirmed a “buy” rating and issued a $600.00 target price on shares of Quanta Services in a research report on Friday, February 20th. Bank of America boosted their price objective on shares of Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. UBS Group raised their target price on shares of Quanta Services from $518.00 to $646.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Truist Financial reiterated a “buy” rating and set a $643.00 target price (up from $548.00) on shares of Quanta Services in a report on Friday, February 20th. Finally, TD Cowen upped their price target on Quanta Services from $425.00 to $570.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Seventeen equities 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $576.55.

Quanta Services Price Performance

Shares of PWR opened at $568.05 on Thursday. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $576.86. The company has a market capitalization 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 firm has a 50 day moving average of $498.97 and a 200 day moving average of $450.37. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.14. The business had revenue of $7.84 billion for the quarter, compared to analysts’ expectations of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, equities research analysts anticipate 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.