NBT Bank N.A. Makes New Investment in Quanta Services, Inc. $PWR

NBT Bank N.A. bought a new position in shares of Quanta Services, Inc. (NYSE:PWR) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 4,566 shares of the construction company’s stock, valued at approximately $2,934,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its position in shares of Quanta Services by 4.7% during the second quarter. State Street Corp now owns 6,581,807 shares of the construction company’s stock worth $4,739,164,000 after buying an additional 296,893 shares during the period. Bank of America Corp DE raised its position in 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 valued at $1,891,215,000 after buying an additional 175,184 shares during the last quarter. Royal Bank of Canada raised its position in Quanta Services by 7.1% in the 1st quarter. Royal Bank of Canada now owns 1,264,827 shares of the construction company’s stock valued at $694,415,000 after buying an additional 83,363 shares during the last quarter. First Trust Advisors LP lifted its stake in Quanta Services by 18.3% in the 1st quarter. First Trust Advisors LP now owns 1,003,917 shares of the construction company’s stock valued at $551,170,000 after acquiring an additional 155,529 shares in the last quarter. Finally, Amundi lifted its stake in Quanta Services by 10.3% in the 1st quarter. Amundi now owns 580,718 shares of the construction company’s stock valued at $318,826,000 after acquiring an additional 54,237 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PWR. Morgan Stanley cut shares of Quanta Services to an “underweight” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, October 13th. The Goldman Sachs Group set a $781.00 price objective on shares of Quanta Services in a research report on Thursday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $862.00 price target on shares of Quanta Services in a research note on Monday, October 5th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Quanta Services to a “sell” rating in a research report on Friday, July 31st. Twenty-three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $761.24.

Quanta Services Stock Down 8.3%

PWR stock opened at $551.47 on Friday. The company has a market cap of $82.91 billion, a price-to-earnings ratio of 63.17, a P/E/G ratio of 1.78 and a beta of 1.27. Quanta Services, Inc. has a twelve month low of $408.36 and a twelve month high of $788.75. The business has a 50 day moving average price of $643.16 and a two-hundred day moving average price of $664.02. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%. The company had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $8.61 billion. During the same quarter in the prior year, the business posted $2.48 EPS. The business’s revenue 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. Analysts anticipate that Quanta Services, Inc. will post 15.37 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 1st were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, October 1st. Quanta Services’s dividend payout ratio is 5.04%.

Quanta Services Profile

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company designs, installs, repairs, maintains and upgrades essential infrastructure for the electric power, communications, pipeline, industrial and energy industries.

Its services include electric transmission and distribution construction, substation and renewable-energy infrastructure, storm restoration, fiber-optic and wireless communications networks, natural gas and pipeline construction, and related engineering and maintenance work.