Dakota Wealth Management Purchases 26,597 Shares of Quanta Services, Inc. $PWR

Dakota Wealth Management boosted its holdings in Quanta Services, Inc. (NYSE:PWR) by 134.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,358 shares of the construction company’s stock after buying an additional 26,597 shares during the quarter. Dakota Wealth Management’s holdings in Quanta Services were worth $19,212,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Quanta Services during the second quarter worth $675,802,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Quanta Services by 57.2% during the 2nd 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 buying an additional 882,209 shares during the period. Select Equity Group L.P. grew its position in shares of Quanta Services by 69.3% in the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock valued at $384,554,000 after buying an additional 416,395 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Quanta Services by 2.2% in the third quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock valued at $7,519,079,000 after buying an additional 386,937 shares during the period. Finally, DAVENPORT & Co LLC bought a new position in shares of Quanta Services during the third quarter worth about $97,080,000. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Down 0.6%

Shares of NYSE PWR opened at $549.11 on Tuesday. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $565.93. 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 firm has a market cap of $82.16 billion, a PE ratio of 80.75, a P/E/G ratio of 2.68 and a beta of 1.15. The company’s fifty day simple moving average is $466.86 and its 200 day simple moving average is $435.50.

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

Wall Street Analysts Forecast Growth

PWR has been the topic of several analyst reports. Jefferies Financial Group reduced their target price on Quanta Services from $517.00 to $506.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. DA Davidson upped their price objective on shares of Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. increased their price objective on shares of Quanta Services from $515.00 to $627.00 and gave the stock an “overweight” rating in a research report on Friday. Mizuho set a $415.00 target price on shares of Quanta Services in a report on Tuesday, October 28th. Finally, The Goldman Sachs Group set a $495.00 price target on Quanta Services in a report on Monday, November 24th. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $542.95.

More Quanta Services News

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Wolfe Research raised its price target on Quanta from $477 to $576 and kept an “outperform” rating — a sizable upward revision that signals stronger revenue/earnings expectations and supports further upside. Wolfe Research raises PT to $576 – MarketScreener
• Positive Sentiment: Bank of America raised its price target to $610 (from $500) and reiterated a “buy” rating — another analyst endorsement that increases implied upside and investor confidence in Quanta’s growth trajectory. BofA raises PT to $610 – MarketScreener
• Positive Sentiment: JPMorgan raised its price target to $627 (from $515) and maintained an “overweight” rating — the largest uplift among the peers, implying meaningful upside relative to the recent price and reinforcing bullish analyst sentiment. JPMorgan raises PT to $627 – MarketScreener
• Positive Sentiment: Truist Financial reiterated a “buy” rating on Quanta, signalling continued analyst conviction behind the name. Truist reiterates Buy – American Banking News
• Neutral Sentiment: AMJ Financial Wealth Management modestly increased its stake in Quanta (an extra ~1,217 shares, a 4.3% lift reported for the period) — a small institutional buy that offers limited incremental demand pressure. AMJ increases stake in Quanta – DefenseWorld

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.