National Bank of Canada FI Purchases 99,601 Shares of Quanta Services, Inc. $PWR

National Bank of Canada FI grew its position in shares of Quanta Services, Inc. (NYSE:PWR) by 45.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 317,284 shares of the construction company’s stock after acquiring an additional 99,601 shares during the period. National Bank of Canada FI owned about 0.21% of Quanta Services worth $131,486,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Activest Wealth Management boosted its position in shares of Quanta Services by 94.1% during the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after purchasing an additional 32 shares in the last quarter. Darwin Wealth Management LLC bought a new position in Quanta Services in the second quarter worth $26,000. Cornerstone Planning Group LLC lifted its position in Quanta Services by 213.0% during the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after buying an additional 49 shares during the period. Texas Capital Bancshares Inc TX bought a new position in shares of Quanta Services in the 3rd quarter worth about $38,000. Finally, GPS Wealth Strategies Group LLC purchased a new stake in Quanta Services in the third quarter worth about $38,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PWR. JPMorgan Chase & Co. boosted their price target on Quanta Services from $515.00 to $627.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. UBS Group increased 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. Citigroup upped their price target on shares of Quanta Services from $540.00 to $640.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Sanford C. Bernstein raised 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. Finally, Stifel Nicolaus set a $647.00 target price on shares of Quanta Services in a report on Monday, February 23rd. Seventeen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Quanta Services has an average rating of “Moderate Buy” and a consensus target price of $576.55.

Quanta Services Trading Up 2.8%

Shares of NYSE:PWR opened at $574.81 on Tuesday. 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 $576.86. The company has a market cap of $86.00 billion, a P/E ratio of 84.53, a PEG ratio of 2.54 and a beta of 1.10. The stock’s fifty day moving average price is $507.05 and its 200-day moving average price is $454.73.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.14. The business 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%. 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 business earned $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Sell-side analysts expect that Quanta Services, Inc. will post 9.34 earnings per share 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.