EFG Asset Management Americas Corp. Takes $3.61 Million Position in Quanta Services, Inc. $PWR

EFG Asset Management Americas Corp. bought a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,703 shares of the construction company’s stock, valued at approximately $3,607,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Rothschild Investment LLC raised its holdings in shares of Quanta Services by 2.8% during the 3rd quarter. Rothschild Investment LLC now owns 850 shares of the construction company’s stock worth $352,000 after buying an additional 23 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in Quanta Services by 0.5% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company’s stock worth $1,968,000 after acquiring an additional 23 shares in the last quarter. Wealth Alliance LLC lifted its holdings in shares of Quanta Services by 1.4% in the third quarter. Wealth Alliance LLC now owns 1,636 shares of the construction company’s stock worth $678,000 after acquiring an additional 23 shares during the last quarter. Petros Family Wealth LLC boosted its stake in shares of Quanta Services by 2.2% in the 3rd quarter. Petros Family Wealth LLC now owns 1,101 shares of the construction company’s stock valued at $456,000 after purchasing an additional 24 shares in the last quarter. Finally, Montag A & Associates Inc. grew its holdings in shares of Quanta Services by 15.2% during the 3rd quarter. Montag A & Associates Inc. now owns 182 shares of the construction company’s stock valued at $75,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Down 1.5%

Quanta Services stock opened at $558.55 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $83.57 billion, a PE ratio of 82.14, a PEG ratio of 2.54 and a beta of 1.10. The firm’s fifty day moving average is $504.26 and its 200 day moving average is $452.91. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $576.86.

Quanta Services (NYSE:PWR) last announced 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 net margin of 3.61% and a return on equity of 18.10%. The firm had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.38 billion. During the same quarter in the prior year, the business earned $2.94 earnings per share. The business’s quarterly 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, sell-side analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Sanford C. Bernstein increased their price objective on shares of Quanta Services from $471.00 to $515.00 and gave the company a “market perform” rating in a research note on Tuesday, February 24th. Bank of America boosted their price objective on Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Robert W. Baird increased their target price on Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Citigroup lifted their target price on shares of Quanta Services from $540.00 to $640.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, The Goldman Sachs Group lifted their price target on shares of Quanta Services from $495.00 to $685.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Seventeen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.