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

NBT Bank N.A. purchased a new position in Quanta Services, Inc. (NYSE:PWR) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,566 shares of the construction company’s stock, valued at approximately $2,934,000.

A number of other institutional investors have also made changes to their positions in PWR. Marion Wealth Management increased its holdings in Quanta Services by 1.9% in the third quarter. Marion Wealth Management now owns 4,396 shares of the construction company’s stock valued at $2,825,000 after purchasing an additional 80 shares during the last quarter. Aire Advisors LLC lifted its stake in Quanta Services by 67.7% in the third quarter. Aire Advisors LLC now owns 976 shares of the construction company’s stock valued at $627,000 after buying an additional 394 shares during the period. Cantor Fitzgerald Investment Advisors L.P. lifted its stake in Quanta Services by 90.3% in the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 8,040 shares of the construction company’s stock valued at $5,166,000 after buying an additional 3,815 shares during the period. Albion Financial Group UT boosted its holdings in Quanta Services by 2.0% during the third quarter. Albion Financial Group UT now owns 26,834 shares of the construction company’s stock worth $17,241,000 after buying an additional 517 shares during the last quarter. Finally, Guardian Partners Inc. bought a new position in Quanta Services during the third quarter worth about $145,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Performance

PWR stock opened at $551.47 on Friday. The business’s 50-day moving average price is $643.16 and its two-hundred day moving average price is $664.02. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. The firm has a market cap of $82.91 billion, a PE ratio of 63.17, a P/E/G ratio of 1.78 and a beta of 1.27. Quanta Services, Inc. has a 1-year low of $408.36 and a 1-year high of $788.75.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $8.61 billion. During the same period in the previous year, the firm earned $2.48 earnings per share. The company’s revenue was up 41.1% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. As a group, research analysts forecast that Quanta Services, Inc. will post 15.37 earnings per share for the current year.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 1st were paid 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, October 1st. Quanta Services’s dividend payout ratio is presently 5.04%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PWR shares. Cantor Fitzgerald restated an “overweight” rating and set a $862.00 target price on shares of Quanta Services in a research report on Monday, October 5th. Mizuho set a $684.00 price target on shares of Quanta Services in a research report on Wednesday, October 7th. Sanford C. Bernstein raised shares of Quanta Services from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $748.00 to $775.00 in a research note on Thursday, September 24th. BTIG Research cut shares of Quanta Services to a “hold” rating in a report on Friday, July 31st. Finally, Wall Street Zen cut shares of Quanta Services from a “buy” rating to a “hold” rating in a report on Saturday, September 12th. Twenty-three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $761.24.

About Quanta Services

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.