Quanta Services, Inc. $PWR Shares Purchased by Citizens Business Bank

Citizens Business Bank raised its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,875 shares of the construction company’s stock after purchasing an additional 924 shares during the period. Quanta Services accounts for approximately 2.4% of Citizens Business Bank’s holdings, making the stock its 8th biggest holding. Citizens Business Bank’s holdings in Quanta Services were worth $14,453,000 at the end of the most recent quarter.

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

Quanta Services Stock Performance

Shares of NYSE PWR opened at $563.05 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. The stock has a 50 day moving average price of $472.44 and a 200 day moving average price of $437.67. The stock has a market capitalization of $84.24 billion, a PE ratio of 82.80, a price-to-earnings-growth ratio of 2.61 and a beta of 1.15. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $573.94.

Quanta Services (NYSE:PWR) last announced 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 return on equity of 18.10% and a net margin of 3.61%.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 business posted $2.94 EPS. The business’s revenue was up 19.7% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on PWR. DA Davidson boosted their price objective on shares of Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Sanford C. Bernstein boosted their price target on Quanta Services from $428.00 to $471.00 and gave the company a “market perform” rating in a report on Monday, February 9th. Bank of America upped their price objective on Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Truist Financial reissued a “buy” rating and issued a $643.00 target price (up from $548.00) on shares of Quanta Services in a research report on Friday, February 20th. Finally, Jefferies Financial Group upped their price target on Quanta Services from $506.00 to $634.00 and gave the stock a “buy” rating in a research report on Tuesday. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $562.95.

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.