CreativeOne Wealth LLC Decreases Stock Holdings in Quanta Services, Inc. $PWR

CreativeOne Wealth LLC lowered its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 34.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,776 shares of the construction company’s stock after selling 940 shares during the quarter. CreativeOne Wealth LLC’s holdings in Quanta Services were worth $736,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Activest Wealth Management lifted its holdings 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 acquiring an additional 32 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in Quanta Services during the second quarter worth approximately $26,000. Cornerstone Planning Group LLC raised 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 purchasing an additional 49 shares during the period. GPS Wealth Strategies Group LLC bought a new stake in shares of Quanta Services in the 3rd quarter valued at approximately $38,000. Finally, Guerra Advisors Inc purchased a new position in shares of Quanta Services in the 3rd quarter worth approximately $38,000. 90.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Stifel Nicolaus set a $647.00 target price on Quanta Services in a research report on Monday, February 23rd. Truist Financial reaffirmed a “buy” rating and set a $643.00 price objective (up from $548.00) on shares of Quanta Services in a research note on Friday, February 20th. Sanford C. Bernstein boosted 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 report on Tuesday, February 24th. JPMorgan Chase & Co. increased their target price on shares of Quanta Services from $515.00 to $627.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Finally, Wolfe Research lifted their price target on shares of Quanta Services from $477.00 to $576.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $576.55.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $567.02 on Friday. 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 stock’s fifty day moving average is $501.88 and its two-hundred day moving average is $451.18. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $576.86. The company has a market capitalization of $84.84 billion, a PE ratio of 83.38, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.14. The business had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period last year, the company earned $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, 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.