Orion Porfolio Solutions LLC Sells 5,573 Shares of Quanta Services, Inc. $PWR

Orion Porfolio Solutions LLC lessened its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 38.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,971 shares of the construction company’s stock after selling 5,573 shares during the period. Orion Porfolio Solutions LLC’s holdings in Quanta Services were worth $3,718,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PWR. Vanguard Group Inc. boosted its position in shares of Quanta Services by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock worth $7,519,079,000 after purchasing an additional 386,937 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Quanta Services by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,821,962 shares of the construction company’s stock valued at $2,579,259,000 after buying an additional 49,334 shares during the period. State Street Corp increased its position in Quanta Services by 0.4% in the 2nd quarter. State Street Corp now owns 6,007,287 shares of the construction company’s stock valued at $2,271,235,000 after buying an additional 24,669 shares in the last quarter. Geode Capital Management LLC raised its stake in Quanta Services by 4.1% during the 2nd quarter. Geode Capital Management LLC now owns 3,873,293 shares of the construction company’s stock worth $1,458,362,000 after buying an additional 152,823 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Quanta Services by 57.2% in 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 worth $917,009,000 after acquiring an additional 882,209 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PWR shares. Roth Mkm restated a “buy” rating and set a $600.00 price objective on shares of Quanta Services in a report on Friday, February 20th. DA Davidson increased their target price on Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Truist Financial restated a “buy” rating and set a $643.00 price objective (up from $548.00) on shares of Quanta Services in a report on Friday, February 20th. Finally, Citigroup raised their price objective on shares of Quanta Services from $540.00 to $640.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Seventeen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $576.55.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $540.58 on Monday. The firm has a market capitalization of $80.88 billion, a PE ratio of 79.50, a P/E/G ratio of 2.46 and a beta of 1.10. 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 50-day moving average price of $490.60 and a two-hundred day moving average price of $446.91. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $573.97.

Quanta Services (NYSE:PWR) last announced its quarterly 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. The company had revenue of $7.84 billion for the quarter, compared to analysts’ expectations of $7.38 billion. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. Quanta Services’s revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Equities analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

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.