Bornite Capital Management LP Has $3.10 Million Stake in Quanta Services, Inc. $PWR

Posted by on Sep 2nd, 2026

Bornite Capital Management LP decreased its stake in shares of Quanta Services, Inc. (NYSE:PWR – Free Report) by 92.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,300 shares of the construction company’s stock after selling 55,700 shares during the quarter. Quanta Services accounts for 0.4% of Bornite Capital Management LP’s holdings, making the stock its 19th largest position. Bornite Capital Management LP’s holdings in Quanta Services were worth $3,096,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. State Street Corp grew its position in Quanta Services by 2.1% during the fourth quarter. State Street Corp now owns 6,206,761 shares of the construction company’s stock worth $2,619,626,000 after buying an additional 126,014 shares in the last quarter. Geode Capital Management LLC raised its holdings in Quanta Services by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 4,086,544 shares of the construction company’s stock valued at $1,718,371,000 after acquiring an additional 110,360 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Quanta Services by 5.4% in the 1st quarter. Bank of America Corp DE now owns 3,444,711 shares of the construction company’s stock worth $1,891,215,000 after acquiring an additional 175,184 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Quanta Services by 35.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock worth $1,230,493,000 after purchasing an additional 758,862 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Quanta Services during the fourth quarter valued at approximately $817,285,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

Shares of NYSE:PWR opened at $611.43 on Wednesday. The business’s fifty day moving average price is $656.94 and its two-hundred day moving average price is $641.39. Quanta Services, Inc. has a fifty-two week low of $363.01 and a fifty-two week high of $788.75. The stock has a market capitalization of $91.92 billion, a price-to-earnings ratio of 70.04, a price-to-earnings-growth ratio of 1.99 and a beta of 1.20. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05.

Quanta Services (NYSE:PWR – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The firm had revenue of $9.56 billion during the quarter, compared to analyst estimates of $8.61 billion. During the same period in the prior year, the company posted $2.48 earnings per share. The business’s revenue for the quarter was up 41.1% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. As a group, analysts predict that Quanta Services, Inc. will post 15.35 EPS for the current fiscal year.

Quanta Services announced that its board has authorized a stock buyback program on Friday, May 22nd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages recently commented on PWR. Mizuho raised their target price on Quanta Services from $659.00 to $741.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. TD Cowen boosted their price target on shares of Quanta Services from $775.00 to $785.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Jefferies Financial Group restated a “buy” rating and issued a $833.00 price objective on shares of Quanta Services in a research note on Thursday, August 13th. Robert W. Baird set a $728.00 price objective on shares of Quanta Services in a report on Friday, July 31st. Finally, Argus set a $800.00 target price on shares of Quanta Services in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $769.25.

Read Our Latest Analysis on Quanta Services

About Quanta Services

(Free Report)

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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Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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