Quanta Services, Inc. $PWR Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 9.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 668,957 shares of the construction company’s stock after selling 71,611 shares during the period. Dimensional Fund Advisors LP owned 0.45% of Quanta Services worth $277,185,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PWR. Activest Wealth Management boosted its stake in shares of Quanta Services by 94.1% in the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after acquiring an additional 32 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in Quanta Services in the 2nd quarter valued at $26,000. Cornerstone Planning Group LLC lifted its holdings in Quanta Services by 213.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after purchasing an additional 49 shares in the last quarter. GPS Wealth Strategies Group LLC acquired a new stake in Quanta Services during the 3rd quarter worth $38,000. Finally, Guerra Advisors Inc purchased a new stake in shares of Quanta Services during the third quarter worth $38,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PWR shares. Bank of America raised their price target on shares of Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Argus upped their price objective on shares of Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Citigroup increased their price objective on shares of Quanta Services from $540.00 to $640.00 and gave the company a “buy” rating in a report on Friday, February 20th. The Goldman Sachs Group raised their target price on shares of Quanta Services from $495.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Finally, TD Cowen upped their price target on Quanta Services from $425.00 to $570.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Seventeen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $576.55.

Quanta Services Stock Performance

Quanta Services stock opened at $540.58 on Friday. The firm has a 50 day simple moving average of $490.60 and a 200-day simple moving average of $445.93. The stock has a market cap of $80.88 billion, a price-to-earnings ratio of 79.50, a price-to-earnings-growth ratio of 2.50 and a beta of 1.10. 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.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, beating the consensus estimate of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The firm had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.38 billion. During the same quarter in the previous year, the company earned $2.94 EPS. The business’s revenue for the quarter 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. On average, analysts expect 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.