Aster Capital Management DIFC Ltd Invests $592,000 in Quanta Services, Inc. $PWR

Aster Capital Management DIFC Ltd purchased a new stake in Quanta Services, Inc. (NYSE:PWR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,428 shares of the construction company’s stock, valued at approximately $592,000.

A number of other large investors also recently added to or reduced their stakes in PWR. Brighton Jones LLC acquired a new position in shares of Quanta Services during the 4th quarter worth about $298,000. Woodline Partners LP boosted its position in Quanta Services by 40.7% during the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after acquiring an additional 3,606 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its stake in Quanta Services by 1.2% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 2,250 shares of the construction company’s stock valued at $851,000 after acquiring an additional 26 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Quanta Services by 4.3% in the second quarter. Teacher Retirement System of Texas now owns 22,501 shares of the construction company’s stock valued at $8,507,000 after purchasing an additional 924 shares during the last quarter. Finally, World Investment Advisors increased its stake in shares of Quanta Services by 612.5% in the 2nd quarter. World Investment Advisors now owns 5,871 shares of the construction company’s stock worth $2,220,000 after acquiring an additional 5,047 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on PWR shares. Sanford C. Bernstein boosted their target price on shares of Quanta Services from $428.00 to $471.00 and gave the company a “market perform” rating in a report on Monday, February 9th. Citigroup lifted their price target on shares of Quanta Services from $540.00 to $640.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Truist Financial reiterated a “buy” rating and issued a $643.00 price objective (up from $548.00) on shares of Quanta Services in a research report on Friday, February 20th. Cantor Fitzgerald raised their target price on Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Finally, B. Riley Financial upped their price target on Quanta Services from $450.00 to $565.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $562.95.

Quanta Services Stock Up 0.3%

Shares of NYSE PWR opened at $564.30 on Friday. The stock has a market cap of $84.43 billion, a P/E ratio of 82.99, a PEG ratio of 2.58 and a beta of 1.15. The business’s fifty day simple moving average is $475.30 and its 200-day simple moving average is $438.55. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $573.94. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $7.38 billion. During the same quarter last year, the company earned $2.94 EPS. Quanta Services’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. As a group, equities analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal 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.