Quanta ServicesPWR
Market Cap: $36.5B
About: Quanta Services is a leading provider of specialty contracting services, delivering comprehensive infrastructure solutions for the electric and gas utility, communications, pipeline, and energy industries in the United States, Canada, and Australia. Quanta reports its results under three reportable segments: electric power, renewables infrastructure, and underground utility and infrastructure.
Employees: 52,500
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
128% more call options, than puts
Call options by funds: $273M | Put options by funds: $120M
81% more first-time investments, than exits
New positions opened: 145 | Existing positions closed: 80
20% more repeat investments, than reductions
Existing positions increased: 444 | Existing positions reduced: 370
6% more funds holding
Funds holding: 1,047 [Q1] → 1,112 (+65) [Q2]
1.44% more ownership
Funds ownership: 89.38% [Q1] → 90.82% (+1.44%) [Q2]
0% more capital invested
Capital invested by funds: $33.7B [Q1] → $33.8B (+$41.7M) [Q2]
22% less funds holding in top 10
Funds holding in top 10: 36 [Q1] → 28 (-8) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Jefferies Julien Dumoulin-Smith 68% 1-year accuracy 32 / 47 met price target | 3%upside $256 | Hold Initiated | 4 Sept 2024 |
TD Cowen Marc Bianchi 14% 1-year accuracy 2 / 14 met price target | 13%upside $280 | Buy Maintained | 8 Aug 2024 |
Truist Securities Jamie Cook 62% 1-year accuracy 29 / 47 met price target | 29%upside $319 | Buy Reiterated | 5 Aug 2024 |
Northland Capital Markets Gus Richard 43% 1-year accuracy 9 / 21 met price target | 13%upside $280 | Outperform Maintained | 2 Aug 2024 |
B. Riley Securities Alex Rygiel 52% 1-year accuracy 16 / 31 met price target | 22%upside $303 | Buy Maintained | 2 Aug 2024 |
Financial journalist opinion
Based on 11 articles about PWR published over the past 30 days