SevenBridge Financial Group LLC Purchases 2,792 Shares of Quanta Services, Inc. $PWR

SevenBridge Financial Group LLC lifted its holdings in Quanta Services, Inc. (NYSE:PWR) by 31.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,712 shares of the construction company’s stock after buying an additional 2,792 shares during the quarter. Quanta Services makes up about 0.9% of SevenBridge Financial Group LLC’s holdings, making the stock its 29th biggest holding. SevenBridge Financial Group LLC’s holdings in Quanta Services were worth $5,264,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Norges Bank purchased a new stake in Quanta Services in the second quarter worth about $675,802,000. 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 valued at $917,009,000 after purchasing an additional 882,209 shares during the last quarter. Select Equity Group L.P. grew its stake in shares of Quanta Services by 69.3% in 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 last quarter. Vanguard Group Inc. grew its stake 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 worth $7,519,079,000 after buying an additional 386,937 shares during the last quarter. Finally, DAVENPORT & Co LLC purchased a new stake in Quanta Services during the 3rd quarter valued at $97,080,000. 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 company has a market cap of $84.99 billion, a PE ratio of 83.54, a price-to-earnings-growth ratio of 2.57 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. The stock has a 50-day moving average price of $498.97 and a two-hundred day moving average price of $450.37. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $576.86.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $7.38 billion. During the same period in the previous year, the company posted $2.94 EPS. The company’s revenue was up 19.7% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, research analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on PWR shares. UBS Group lifted their price objective on Quanta Services from $518.00 to $646.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Truist Financial restated a “buy” rating and set a $643.00 price target (up from $548.00) on shares of Quanta Services in a research note on Friday, February 20th. Stifel Nicolaus set a $647.00 price objective on shares of Quanta Services in a research note on Monday, February 23rd. 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. Finally, Evercore reaffirmed an “outperform” rating and set a $604.00 target price on shares of Quanta Services in a report on Friday, February 20th. Seventeen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.