Quanta Services, Inc. $PWR is Citizens Business Bank's 8th Largest Position

Key Points

• Citizens Business Bank trimmed its position in Quanta Services by 18.8%, selling 6,568 shares and leaving 28,307 shares worth about $11.95M, which represents 2.0% of its portfolio and is its 8th largest holding.
• Quanta reported record Q1 results—revenue $7.87B (+26% YoY) and EPS $2.68—then raised FY‑2026 guidance to $13.55–$14.25 EPS and ~$34.7–$35.2B revenue, backed by a record backlog (~$48.5B) and RPO (~$26.2B), prompting analyst price‑target upgrades.
• Shares are trading near a 12‑month high (~$728) with a market cap of ~$109.3B and a high P/E (~107), while the company pays a very small dividend (annualized $0.44, ~0.1% yield).

Citizens Business Bank lessened its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 18.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,307 shares of the construction company's stock after selling 6,568 shares during the quarter. Quanta Services accounts for 2.0% of Citizens Business Bank's investment portfolio, making the stock its 8th largest position. Citizens Business Bank's holdings in Quanta Services were worth $11,947,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Activest Wealth Management increased its holdings 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 valued at $27,000 after purchasing an additional 32 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Quanta Services in the 4th quarter valued at about $28,000. Darwin Wealth Management LLC acquired a new stake in Quanta Services in the 2nd quarter valued at about $26,000. Cornerstone Planning Group LLC grew its stake 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 acquiring an additional 49 shares during the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new stake in Quanta Services in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 90.49% of the company's stock.

Key Stories Impacting Quanta Services

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

• Positive Sentiment: Record Q1 results — Quanta reported Q1 revenue of $7.87B (+26% YoY) and adjusted EPS $2.68, beating consensus; management highlighted strong segment execution and healthy margins. QUANTA SERVICES REPORTS FIRST QUARTER 2026 RESULTS
• Positive Sentiment: Raised FY‑2026 guidance — Management lifted FY26 EPS guidance to $13.55–$14.25 and revenue guidance to ~$34.7–$35.2B, above Street expectations, signaling stronger forward visibility. Quanta Services Reports Record Q1 Results, Raises 2026 Outlook
• Positive Sentiment: Record backlog and RPO — Backlog and remaining performance obligations expanded substantially (total backlog ~$48.5B; RPO ~$26.2B), supporting multi‑year revenue visibility on large infrastructure projects. Quanta Services Lifts Outlook on Record Backlog
• Positive Sentiment: Strong cash flow and profitability metrics — Q1 produced solid adjusted EBITDA, operating cash flow and free cash flow, backing the quality of the beat and the sustainability of returns. PWR Q1 Earnings Top Estimates on Strong Execution, 2026 View Raised
• Positive Sentiment: Analyst upgrades — Citi raised its price target (to $733) and Truist also boosted its target, reflecting improved consensus on Quanta’s execution and outlook. Citi Raises its Price Target on Quanta Services Truist Raises PT on Quanta Services
• Neutral Sentiment: Earnings call and full transcript available — Management provided color on project execution, margin drivers and capital allocation; read the transcript for verbatim commentary that may shape near‑term investor questions. Quanta Services Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Sector context — Analysts note Quanta is benefiting from a broad infrastructure and electrification cycle; comparative pieces outline competitive positioning versus peers but do not change the near‑term thesis. Sterling vs. Quanta: Which Infrastructure Stock Wins Today?

Quanta Services Price Performance

Quanta Services stock opened at $728.15 on Friday. Quanta Services, Inc. has a 12-month low of $312.30 and a 12-month high of $728.85. The stock has a market capitalization of $109.26 billion, a P/E ratio of 107.08, a P/E/G ratio of 2.85 and a beta of 1.10. The firm's 50-day moving average is $578.99 and its two-hundred day moving average is $497.61. 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 released its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.64. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The company had revenue of $7.87 billion for the quarter, compared to analysts' expectations of $7 billion. During the same period last year, the company earned $1.78 EPS. The firm's revenue for the quarter was up 26.3% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Equities analysts predict that Quanta Services, Inc. will post 11.97 earnings per share for the current year.

Quanta Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, April 2nd. Quanta Services's dividend payout ratio (DPR) is currently 6.47%.

Wall Street Analysts Forecast Growth

PWR has been the topic of a number of research reports. B. Riley Financial increased their price objective on shares of Quanta Services from $450.00 to $565.00 and gave the company a "neutral" rating in a research note on Friday, February 20th. Citigroup increased their price objective on shares of Quanta Services from $640.00 to $733.00 and gave the company a "buy" rating in a research note on Monday. Roth Mkm increased their price objective on shares of Quanta Services from $600.00 to $650.00 and gave the company a "buy" rating in a research note on Monday, April 6th. Mizuho increased their price objective on shares of Quanta Services from $537.00 to $580.00 and gave the company a "neutral" rating in a research note on Monday, March 30th. Finally, BMO Capital Markets raised shares of Quanta Services from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $600.00 to $650.00 in a research note on Friday, March 27th. Eighteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $603.23.

About Quanta Services

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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