M&T Bank Corp Acquires 1,644 Shares of Quanta Services, Inc. $PWR

Key Points

• M&T Bank Corp increased its stake in Quanta by 16.1%, buying 1,644 shares to hold 11,845 shares valued at about $4.999 million at quarter-end.
• Quanta topped Q1 expectations (EPS $2.68 vs $2.04; revenue $7.87B vs $7B) and raised its 2026 outlook on a record $48.5B backlog, triggering multiple analyst price‑target increases and a "Moderate Buy" consensus.
• CAO Paul Nobel sold 4,000 shares—about a 33% reduction of his holding—for roughly $3.03 million, a disclosed insider sale that may prompt investor caution.

M&T Bank Corp raised its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 16.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,845 shares of the construction company's stock after purchasing 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 quarter.

A number of other institutional investors have also recently bought and sold shares of PWR. Darwin Wealth Management LLC bought a new stake in Quanta Services in the 2nd quarter valued at about $26,000. Activest Wealth Management boosted its holdings in Quanta Services by 94.1% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company's stock valued at $27,000 after purchasing an additional 32 shares during the period. Flagship Harbor Advisors LLC bought a new stake in Quanta Services in the 4th quarter valued at about $28,000. Cornerstone Planning Group LLC boosted its holdings in Quanta Services by 213.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company's stock valued at $30,000 after purchasing an additional 49 shares during the period. Finally, GPS Wealth Strategies Group LLC bought a new stake in Quanta Services in the 3rd quarter valued at about $38,000. Institutional investors own 90.49% of the company's stock.

Insiders Place Their Bets

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $756.98, for a total value of $3,027,920.00. Following the sale, the chief accounting officer owned 8,080 shares in the company, valued at $6,116,398.40. This trade represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.60% of the stock is owned by corporate insiders.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $786.39 on Thursday. The firm has a 50 day moving average of $588.11 and a 200-day moving average of $503.33. The stock has a market capitalization of $118.01 billion, a PE ratio of 107.87, a PEG ratio of 2.84 and a beta of 1.24. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57. Quanta Services, Inc. has a 12 month low of $315.45 and a 12 month high of $788.75.

Quanta Services (NYSE:PWR - Get Free Report) last issued its earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating the consensus estimate of $2.04 by $0.64. The company had revenue of $7.87 billion during the quarter, compared to analysts' expectations of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The business's revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, equities research analysts predict that Quanta Services, Inc. will post 11.97 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd were given a $0.11 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services's dividend payout ratio (DPR) is currently 6.04%.

Analyst Ratings Changes

PWR has been the subject of a number of recent research reports. Wall Street Zen raised shares of Quanta Services from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. The Goldman Sachs Group boosted their price objective on shares of Quanta Services from $685.00 to $826.00 and gave the company a "buy" rating in a report on Monday. DA Davidson boosted their target price 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. Stifel Nicolaus set a $784.00 target price on shares of Quanta Services in a research report on Friday, May 1st. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Quanta Services in a research report on Friday, April 10th. Eighteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $695.73.

Trending Headlines about Quanta Services

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 Company 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.

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