Quanta Services
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 Q3 regulatory filings by fund managers ($100M+ AUM)
88% more call options, than puts
Call options by funds: $478M | Put options by funds: $254M
47% more first-time investments, than exits
New positions opened: 160 | Existing positions closed: 109
24% more funds holding in top 10
Funds holding in top 10: 29 [Q2] → 36 (+7) [Q3]
15% more capital invested
Capital invested by funds: $36.1B [Q2] → $41.4B (+$5.32B) [Q3]
11% more repeat investments, than reductions
Existing positions increased: 428 | Existing positions reduced: 387
3% more funds holding
Funds holding: 1,124 [Q2] → 1,161 (+37) [Q3]
2.64% less ownership
Funds ownership: 97.05% [Q2] → 94.41% (-2.64%) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Truist Securities Jamie Cook 66% 1-year accuracy 57 / 86 met price target | 18%upside $398 | Buy Maintained | 16 Jan 2025 |
Stifel Stanley Elliott 58% 1-year accuracy 18 / 31 met price target | 11%upside $374 | Buy Maintained | 11 Dec 2024 |
Citigroup Andrew Kaplowitz 66% 1-year accuracy 53 / 80 met price target | 17%upside $394 | Buy Maintained | 9 Dec 2024 |
Northland Capital Markets Gus Richard 56% 1-year accuracy 18 / 32 met price target | 3%downside $328 | Outperform Reiterated | 1 Nov 2024 |
Baird Andrew Wittmann 81% 1-year accuracy 25 / 31 met price target | 1%downside $333 | Outperform Maintained | 1 Nov 2024 |
Financial journalist opinion
Based on 11 articles about PWR published over the past 30 days