California Public Employees Retirement System Has $111.25 Million Stake in Quanta Services, Inc. $PWR

California Public Employees Retirement System grew its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 7.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 268,447 shares of the construction company’s stock after buying an additional 17,501 shares during the period. California Public Employees Retirement System owned approximately 0.18% of Quanta Services worth $111,250,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ raised its holdings in shares of Quanta Services by 5.4% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock valued at $19,316,000 after purchasing an additional 2,375 shares during the last quarter. Mediolanum International Funds Ltd lifted its stake in Quanta Services by 15.5% in the second quarter. Mediolanum International Funds Ltd now owns 33,158 shares of the construction company’s stock valued at $12,642,000 after purchasing an additional 4,451 shares during the last quarter. Calamos Advisors LLC lifted its position in shares of Quanta Services by 17.1% during the 3rd quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock valued at $43,680,000 after buying an additional 15,388 shares during the last quarter. Chilton Capital Management LLC increased its stake in shares of Quanta Services by 63.3% in the third quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock worth $69,016,000 after purchasing an additional 64,560 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in Quanta Services by 59.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock valued at $18,397,000 after acquiring an additional 16,637 shares during the period. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Up 2.8%

PWR stock opened at $574.81 on Tuesday. The business’s 50-day moving average price is $507.05 and its 200-day moving average price is $454.73. The stock has a market cap of $86.00 billion, a P/E ratio of 84.53, a PEG ratio of 2.54 and a beta of 1.10. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $576.86.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The company had revenue of $7.84 billion for the quarter, compared to analysts’ expectations of $7.38 billion. During the same quarter last year, the business earned $2.94 EPS. The firm’s 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. On average, equities research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Analyst Upgrades and Downgrades

PWR has been the subject of a number of recent analyst reports. Citigroup boosted 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. Jefferies Financial Group upped their price target on Quanta Services from $506.00 to $634.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Truist Financial restated a “buy” rating and issued a $643.00 price objective (up from $548.00) on shares of Quanta Services in a report on Friday, February 20th. JPMorgan Chase & Co. upped their target price on shares of Quanta Services from $515.00 to $627.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Finally, Robert W. Baird raised their price target on Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Quanta Services presently has an average rating of “Moderate Buy” and a consensus target price of $576.55.

Quanta Services Company 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.