Quanta Services, Inc. $PWR Shares Bought by Banco Santander S.A.

Banco Santander S.A. lifted its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 9.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,240 shares of the construction company’s stock after acquiring an additional 905 shares during the period. Banco Santander S.A.’s holdings in Quanta Services were worth $4,244,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in Quanta Services in the fourth quarter worth approximately $298,000. Woodline Partners LP lifted its position in Quanta Services by 40.7% in the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock valued at $3,170,000 after buying an additional 3,606 shares during the last quarter. World Investment Advisors boosted its holdings in Quanta Services by 612.5% during the 2nd quarter. World Investment Advisors now owns 5,871 shares of the construction company’s stock valued at $2,220,000 after acquiring an additional 5,047 shares during the period. Premier Path Wealth Partners LLC grew its stake in shares of Quanta Services by 4.0% in the second quarter. Premier Path Wealth Partners LLC now owns 1,112 shares of the construction company’s stock worth $421,000 after acquiring an additional 43 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of Quanta Services by 29.7% during the 2nd quarter. Assetmark Inc. now owns 5,235 shares of the construction company’s stock worth $1,979,000 after purchasing an additional 1,200 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Trading Down 0.4%

Shares of Quanta Services stock opened at $563.06 on Friday. 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 company has a market capitalization of $84.25 billion, a P/E ratio of 82.80, a PEG ratio of 2.58 and a beta of 1.15. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $573.94. The company’s fifty day moving average is $478.04 and its two-hundred day moving average is $439.79.

Quanta Services (NYSE:PWR) last announced 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. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The business had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. During the same quarter in the prior year, the firm earned $2.94 earnings per share. The business’s quarterly 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 forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PWR. Robert W. Baird raised their target price on Quanta Services from $490.00 to $606.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Argus set a $540.00 price objective on shares of Quanta Services in a research report on Friday, October 31st. Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Mizuho lifted their price target on shares of Quanta Services from $424.00 to $537.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Sanford C. Bernstein upped their price objective on shares of Quanta Services from $428.00 to $471.00 and gave the company a “market perform” rating in a research note on Monday, February 9th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $562.95.

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.