Quanta Services, Inc. $PWR Shares Acquired by M&T Bank Corp

M&T Bank Corp increased its stake in Quanta Services, Inc. (NYSE:PWR) by 371.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,045 shares of the construction company’s stock after purchasing an additional 37,844 shares during the quarter. M&T Bank Corp’s holdings in Quanta Services were worth $20,278,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new stake in shares of Quanta Services during the 4th quarter worth approximately $298,000. Woodline Partners LP increased its stake in Quanta Services by 40.7% in the 1st quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock valued at $3,170,000 after purchasing an additional 3,606 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Quanta Services during the second quarter worth $4,632,000. Marshall Wace LLP acquired a new position in Quanta Services during the second quarter worth $996,000. Finally, StoneX Group Inc. purchased a new stake in Quanta Services during the second quarter worth $204,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Up 3.4%

Shares of PWR opened at $634.54 on Friday. The company has a market capitalization of $95.22 billion, a PE ratio of 93.31, a price-to-earnings-growth ratio of 2.78 and a beta of 1.10. The stock has a fifty day moving average of $566.91 and a two-hundred day moving average of $489.90. Quanta Services, Inc. has a fifty-two week low of $272.00 and a fifty-two week high of $638.42. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $7.38 billion. During the same period in the prior year, the business posted $2.94 earnings per share. The firm’s revenue for the quarter 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, analysts forecast that Quanta Services, Inc. will post 11.97 EPS for the current year.

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, April 2nd. Quanta Services’s payout ratio is 6.47%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PWR. Evercore raised their price target on Quanta Services from $604.00 to $635.00 and gave the company an “outperform” rating in a research report on Wednesday, April 1st. Truist Financial boosted their price objective on shares of Quanta Services from $643.00 to $713.00 and gave the stock a “buy” rating in a research report on Monday. Cantor Fitzgerald raised their target price on shares of Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Citigroup lifted their target price on shares of Quanta Services from $540.00 to $640.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, Bank of America upped their price target on shares of Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a report on Friday, February 20th. Eighteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Quanta Services currently has an average rating of “Moderate Buy” and an average price target of $599.00.

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.