M&T Bank Corp Has $5 Million Stock Position in Quanta Services, Inc. $PWR

M&T Bank Corp raised its stake in Quanta Services, Inc. (NYSE:PWR) by 16.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,845 shares of the construction company’s stock after buying an additional 1,644 shares during the period. M&T Bank Corp’s holdings in Quanta Services were worth $4,999,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sunburst Financial Group LLC boosted its position in Quanta Services by 2.0% in the fourth quarter. Sunburst Financial Group LLC now owns 1,147 shares of the construction company’s stock valued at $484,000 after buying an additional 22 shares in the last quarter. Spirepoint Private Client LLC increased its position in Quanta Services by 2.0% in the 4th quarter. Spirepoint Private Client LLC now owns 1,107 shares of the construction company’s stock valued at $467,000 after acquiring an additional 22 shares during the period. Northwestern Mutual Investment Management Company LLC increased its position in Quanta Services by 0.5% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company’s stock valued at $1,968,000 after acquiring an additional 23 shares during the period. Rothschild Investment LLC increased its position in Quanta Services by 2.8% in the 3rd quarter. Rothschild Investment LLC now owns 850 shares of the construction company’s stock valued at $352,000 after acquiring an additional 23 shares during the period. Finally, Wealth Alliance LLC increased its position in Quanta Services by 1.4% in the 3rd quarter. Wealth Alliance LLC now owns 1,636 shares of the construction company’s stock valued at $678,000 after acquiring an additional 23 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on PWR shares. JPMorgan Chase & Co. upped their price target on shares of Quanta Services from $627.00 to $805.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings restated a “buy (b-)” rating on shares of Quanta Services in a research report on Friday, April 10th. DA Davidson upped 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. Argus upped their price target on shares of Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Finally, TD Cowen upped their price target on shares of Quanta Services from $570.00 to $775.00 and gave the company a “buy” rating in a research report on Monday. Eighteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $695.73.

Insider Activity at Quanta Services

In related news, CAO Paul Nobel sold 4,000 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $756.98, for a total transaction of $3,027,920.00. Following the transaction, the chief accounting officer directly owned 8,080 shares of the company’s stock, valued at $6,116,398.40. This represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Key Quanta Services News

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Company raised its 2026 outlook citing a record infrastructure backlog — the primary catalyst behind the rally as investors see stronger revenue and earnings visibility. Quanta Services (PWR) Is Up 22.3% After Raising 2026 Outlook On Record Infrastructure Backlog – What’s Changed
• Positive Sentiment: Record $48.5B Q1 backlog and supply‑chain investments boost revenue visibility and underpin expectations for another growth leg in 2026. Can Quanta’s Record $48.5B Backlog Support Another Growth Leg in 2026?
• Positive Sentiment: Jefferies raised its price target to $857 and maintains a buy rating, adding bullish analyst support that can attract more demand. Jefferies Adjusts Price Target on Quanta Services to $857
• Positive Sentiment: TD Cowen and other firms are maintaining positive coverage and forecasts, supporting sentiment among institutional investors. TD Cowen Keeps Their Buy Rating on Quanta Services (PWR)
• Neutral Sentiment: Coverage in retail investor and sector pieces highlights Quanta as a beneficiary of rising energy and AI-related power buildouts — supportive thematic tailwinds but less directly catalytic than company guidance. The Smartest Energy Stocks to Buy With $1,000 Right Now
• Neutral Sentiment: Industry analysis points to AI and data-center buildouts increasing demand for power infrastructure — a longer-term positive for Quanta but not an immediate earnings event. The Real AI Trade May Not Be Software. It May Be Power Equipment
• Neutral Sentiment: Sanford C. Bernstein raised its price target to $725 but kept a “market perform” rating — a mixed signal that tempers some upside expectations. Bernstein Adjusts PT on Quanta Services to $725
• Negative Sentiment: Insider sale — CAO Paul Nobel sold 4,000 shares (~33% reduction of his holding), which may prompt some investor caution though insider sales can be routine and were disclosed to the SEC. SEC Filing: Form 4 – Insider Sale

Quanta Services Trading Up 1.9%

NYSE:PWR opened at $786.39 on Thursday. The firm’s fifty day moving average is $588.11 and its 200-day moving average is $503.33. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14. Quanta Services, Inc. has a 52 week low of $315.45 and a 52 week high of $788.75. The firm has a market cap of $118.01 billion, a P/E ratio of 107.87, a P/E/G ratio of 2.84 and a beta of 1.24.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.64. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The company had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7 billion. During the same period in the prior year, the firm posted $1.78 EPS. The company’s quarterly revenue was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Equities analysts expect that Quanta Services, Inc. will post 11.97 earnings per share for the current year.

Quanta Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, April 2nd. Quanta Services’s dividend payout ratio is currently 6.04%.

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.