Barclays PLC Boosts Position in Quanta Services, Inc. $PWR

Barclays PLC lifted its position in Quanta Services, Inc. (NYSE:PWR) by 5.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 316,892 shares of the construction company’s stock after purchasing an additional 15,473 shares during the quarter. Barclays PLC owned about 0.21% of Quanta Services worth $131,326,000 at the end of the most recent reporting period.

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

Quanta Services Trading Down 1.6%

Shares of NYSE PWR opened at $540.58 on Friday. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $573.97. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $490.60 and a 200-day simple moving average of $446.41. The stock has a market capitalization of $80.88 billion, a PE ratio of 79.50, a PEG ratio of 2.46 and a beta of 1.10.

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, topping the consensus estimate of $3.02 by $0.14. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.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 prior year, the company earned $2.94 EPS. Quanta Services’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. On average, equities analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Truist Financial restated 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. Jefferies Financial Group raised their price objective on Quanta Services from $506.00 to $634.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Argus boosted their price objective on shares of Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. JPMorgan Chase & Co. upped their target price on shares of Quanta Services from $515.00 to $627.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Finally, Evercore reaffirmed an “outperform” rating and set a $604.00 target price on shares of Quanta Services in a research note on Friday, February 20th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $576.55.

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.