Clough Capital Partners L P Invests $1.17 Million in Quanta Services, Inc. $PWR

Key Points

• Clough Capital established a new stake in Quanta Services in Q3, buying 2,810 shares worth about $1.17 million, and overall 90.49% of the stock is held by hedge funds and other institutional investors.
• Quanta beat expectations for the quarter with $3.16 EPS vs. $3.02 expected and revenue of $7.84 billion (up 19.7% year-over-year), and issued FY2026 guidance of 12.65–13.35 EPS.
• Analysts have become more bullish—several firms raised targets (e.g., Bank of America to $610, UBS to $646), the consensus target is about $576.55, and ratings aggregate to a "Moderate Buy" (17 Buys, 7 Holds).

Clough Capital Partners L P bought a new stake in Quanta Services, Inc. (NYSE:PWR - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,810 shares of the construction company's stock, valued at approximately $1,165,000.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Quanta Services by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company's stock worth $7,519,079,000 after acquiring an additional 386,937 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Quanta Services by 0.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,821,962 shares of the construction company's stock worth $2,579,259,000 after acquiring an additional 49,334 shares in the last quarter. State Street Corp lifted its stake in Quanta Services by 0.4% during the second quarter. State Street Corp now owns 6,007,287 shares of the construction company's stock worth $2,271,235,000 after purchasing an additional 24,669 shares during the last quarter. Bank of America Corp DE boosted its holdings in Quanta Services by 35.6% in the third quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company's stock valued at $1,208,672,000 after purchasing an additional 765,822 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Quanta Services by 57.2% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company's stock valued at $917,009,000 after purchasing an additional 882,209 shares during the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Trading Down 1.5%

Shares of Quanta Services stock opened at $558.55 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 $83.57 billion, a P/E ratio of 82.14, a PEG ratio of 2.54 and a beta of 1.10. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $576.86. The company's fifty day moving average is $504.26 and its two-hundred day moving average is $452.91.

Quanta Services (NYSE:PWR - Get Free Report) last announced 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 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 analysts' expectations of $7.38 billion. During the same period in the prior year, the company earned $2.94 earnings per share. The business'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. Analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on PWR shares. Bank of America boosted their price objective on shares of Quanta Services from $500.00 to $610.00 and gave the stock a "buy" rating in a research report on Friday, February 20th. UBS Group increased their target price on shares of Quanta Services from $518.00 to $646.00 and gave the company a "buy" rating in a research report on Friday, February 20th. DA Davidson boosted their price target on shares of Quanta Services from $450.00 to $575.00 and gave the company a "neutral" rating in a research report on Friday, February 20th. TD Cowen upped their price objective on shares of Quanta Services from $425.00 to $570.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Finally, Robert W. Baird lifted 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. Seventeen 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $576.55.

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.

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