KADENSA CAPITAL Ltd Takes Position in Quanta Services, Inc. $PWR

KADENSA CAPITAL Ltd purchased a new position in Quanta Services, Inc. (NYSE:PWR) during the third quarter, Holdings Channel reports. The firm purchased 51,632 shares of the construction company’s stock, valued at approximately $21,397,000. Quanta Services accounts for 2.2% of KADENSA CAPITAL Ltd’s portfolio, making the stock its 17th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of PWR. Lansforsakringar Fondforvaltning AB publ lifted its holdings in shares of Quanta Services by 5.4% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock worth $19,316,000 after acquiring an additional 2,375 shares during the period. Mediolanum International Funds Ltd increased its stake in Quanta Services by 15.5% in the second quarter. Mediolanum International Funds Ltd now owns 33,158 shares of the construction company’s stock valued at $12,642,000 after acquiring an additional 4,451 shares during the last quarter. Calamos Advisors LLC raised its position in Quanta Services by 17.1% during the third quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock valued at $43,680,000 after purchasing an additional 15,388 shares in the last quarter. Chilton Capital Management LLC lifted its stake in Quanta Services by 63.3% during the third quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock worth $69,016,000 after purchasing an additional 64,560 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Quanta Services by 59.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock valued at $18,397,000 after purchasing an additional 16,637 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Roth Mkm reissued a “buy” rating and set a $600.00 price target on shares of Quanta Services in a report on Friday, February 20th. Cantor Fitzgerald raised their price objective on Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. lifted their target price on Quanta Services from $515.00 to $627.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. UBS Group boosted their target price on Quanta Services from $518.00 to $646.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Finally, Jefferies Financial Group raised their price target on shares of Quanta Services from $506.00 to $634.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Seventeen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Quanta Services has an average rating of “Moderate Buy” and an average target price of $576.55.

Quanta Services Trading Down 1.5%

NYSE PWR opened at $558.55 on Monday. The company has a market cap of $83.57 billion, a price-to-earnings ratio of 82.14, a price-to-earnings-growth ratio of 2.54 and a beta of 1.10. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $576.86. 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 business’s fifty day moving average is $504.26 and its 200 day moving average is $453.40.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.14. The business had revenue of $7.84 billion during 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 business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, sell-side analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

About Quanta Services

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.