OLD National Bancorp IN Cuts Position in Quanta Services, Inc. $PWR

Key Points

• OLD National Bancorp IN cut its Quanta Services stake by 32.7% in Q4, selling 6,756 shares and finishing the period with 13,901 shares worth about $5.87 million.
• Analysts remain broadly bullish—18 Buy vs. 7 Hold ratings with an average price target of $599—and several firms recently raised targets (Truist to $713, Goldman to $685); the stock traded around $634.54, up 3.4%.
• Quanta beat quarterly estimates (EPS $3.16 vs. $3.02; revenue $7.84B vs. $7.38B) and set FY2026 guidance of $12.65–13.35 EPS, while paying a quarterly dividend of $0.11 (≈0.1% yield).

OLD National Bancorp IN lessened its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 32.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,901 shares of the construction company's stock after selling 6,756 shares during the period. OLD National Bancorp IN's holdings in Quanta Services were worth $5,867,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Darwin Wealth Management LLC purchased a new position in shares of Quanta Services in the 2nd quarter worth approximately $26,000. Activest Wealth Management boosted its stake in shares of Quanta Services by 94.1% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company's stock worth $27,000 after buying an additional 32 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Quanta Services in the 4th quarter worth approximately $28,000. Cornerstone Planning Group LLC boosted its stake in shares of Quanta Services by 213.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company's stock worth $30,000 after buying an additional 49 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC purchased a new position in shares of Quanta Services in the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 90.49% of the company's stock.

Wall Street Analyst Weigh In

PWR has been the topic of a number of research analyst reports. Truist Financial boosted their target price on Quanta Services from $643.00 to $713.00 and gave the stock a "buy" rating in a research note on Monday. Stifel Nicolaus boosted their target price on Quanta Services from $647.00 to $654.00 and gave the stock a "buy" rating in a research note on Thursday, April 16th. The Goldman Sachs Group boosted their target price on Quanta Services from $495.00 to $685.00 and gave the stock a "buy" rating in a research note on Tuesday, February 24th. Mizuho lifted their price target on shares of Quanta Services from $537.00 to $580.00 and gave the stock a "neutral" rating in a report on Monday, March 30th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Quanta Services in a report on Friday, April 10th. Eighteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $599.00.

Quanta Services Trading Up 3.4%

NYSE:PWR opened at $634.54 on Friday. The company has a market cap of $95.22 billion, a P/E ratio of 93.31, a P/E/G ratio of 2.78 and a beta of 1.10. The stock's fifty day moving average price is $566.91 and its two-hundred day moving average price is $489.90. Quanta Services, Inc. has a 1 year low of $272.00 and a 1 year high of $638.42. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09.

Quanta Services (NYSE:PWR - Get Free Report) last posted its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.14. The firm had revenue of $7.84 billion for the quarter, compared to the consensus estimate of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The business's quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, analysts expect that Quanta Services, Inc. will post 11.97 EPS for the current 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 dividend of $0.11 per share. The ex-dividend date was Thursday, April 2nd. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services's dividend payout ratio is currently 6.47%.

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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