138,794 Shares in Quanta Services, Inc. $PWR Acquired by Danske Bank A S

Danske Bank A S purchased a new stake in shares of Quanta Services, Inc. (NYSE:PWR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 138,794 shares of the construction company’s stock, valued at approximately $57,519,000. Danske Bank A S owned approximately 0.09% of Quanta Services at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC bought a new position in Quanta Services in the 4th quarter worth $298,000. Woodline Partners LP lifted its position in shares of 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 acquiring an additional 3,606 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Quanta Services by 7.6% in the second quarter. Cetera Investment Advisers now owns 51,501 shares of the construction company’s stock valued at $19,472,000 after acquiring an additional 3,625 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of Quanta Services by 4.2% in the second quarter. Avantax Advisory Services Inc. now owns 16,793 shares of the construction company’s stock worth $6,349,000 after acquiring an additional 682 shares during the period. Finally, Rothschild Investment LLC grew its position in shares of Quanta Services by 4.6% during the second quarter. Rothschild Investment LLC now owns 827 shares of the construction company’s stock worth $313,000 after purchasing an additional 36 shares in the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Stock Performance

NYSE:PWR opened at $572.02 on Thursday. The company has a market cap of $85.59 billion, a price-to-earnings ratio of 84.12, a PEG ratio of 2.60 and a beta of 1.10. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $583.73. The stock’s 50 day simple moving average is $512.41 and its two-hundred day simple moving average is $456.91. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, February 19th. The construction company reported $3.16 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 firm had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. During the same period in the prior year, the company earned $2.94 EPS. The company’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. As a group, equities analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PWR shares. The Goldman Sachs Group boosted their price target on Quanta Services from $495.00 to $685.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Mizuho lifted their price objective on shares of Quanta Services from $424.00 to $537.00 and gave the company a “neutral” rating in a research report on Tuesday, February 24th. B. Riley Financial boosted their target price on shares of Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Robert W. Baird upped their target price on shares of Quanta Services from $490.00 to $606.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Finally, Evercore reiterated an “outperform” rating and issued a $604.00 price target on shares of Quanta Services in a report 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $576.55.

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.