NZS Capital LLC Buys 42,605 Shares of Quanta Services, Inc. $PWR

NZS Capital LLC boosted its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 71.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 102,073 shares of the construction company’s stock after buying an additional 42,605 shares during the period. NZS Capital LLC owned approximately 0.07% of Quanta Services worth $42,301,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Darwin Wealth Management LLC bought a new stake in shares of Quanta Services in the 2nd quarter worth about $26,000. Activest Wealth Management grew its holdings in Quanta Services by 94.1% during the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after purchasing an additional 32 shares during the last quarter. Cornerstone Planning Group LLC raised its position in Quanta Services by 213.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock worth $30,000 after purchasing an additional 49 shares during the period. Legacy Investment Solutions LLC bought a new stake in Quanta Services in the second quarter worth about $37,000. Finally, NewSquare Capital LLC boosted its position in shares of Quanta Services by 320.8% during the second quarter. NewSquare Capital LLC now owns 101 shares of the construction company’s stock valued at $38,000 after buying an additional 77 shares during the period. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Down 1.2%

NYSE:PWR opened at $565.78 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $573.97. The company has a 50-day moving average of $483.43 and a 200 day moving average of $443.24. The firm has a market cap of $84.65 billion, a PE ratio of 83.20, a price-to-earnings-growth ratio of 2.62 and a beta of 1.10.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, beating 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 business had revenue of $7.84 billion for the quarter, compared to the consensus estimate of $7.38 billion. During the same quarter last year, the firm posted $2.94 EPS. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PWR shares. TD Cowen increased their price target on Quanta Services from $425.00 to $570.00 and gave the stock a “buy” rating in a report on Monday. Roth Mkm reiterated a “buy” rating and issued a $600.00 target price on shares of Quanta Services in a research note on Friday, February 20th. Sanford C. Bernstein boosted their target price 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. DA Davidson upped their price target 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, Stifel Nicolaus set a $647.00 price objective on shares of Quanta Services in a report on Monday, February 23rd. Seventeen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $576.55.

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.