Quanta Services, Inc. $PWR Shares Purchased by M&T Bank Corp

Key Points

• M&T Bank Corp boosted its stake in Quanta Services by 371% in Q4, acquiring an additional 37,844 shares to hold 48,045 shares worth about $20.28 million.
• Quanta beat quarterly estimates with $3.16 EPS (vs. $3.02 expected) and $7.84 billion revenue (vs. $7.38 billion), saw revenue rise 19.7% year-over-year, and set FY2026 guidance of $12.65–$13.35 EPS.
• Analysts remain broadly positive—consensus rating is Moderate Buy (18 Buys, 7 Holds) with a $599 target—while the stock trades near its 1-year high (opened at $634.54) and has a market cap of about $95.2 billion.

M&T Bank Corp boosted its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 371.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,045 shares of the construction company's stock after buying an additional 37,844 shares during the quarter. M&T Bank Corp's holdings in Quanta Services were worth $20,278,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sunburst Financial Group LLC increased its stake in shares of Quanta Services by 2.0% during the fourth quarter. Sunburst Financial Group LLC now owns 1,147 shares of the construction company's stock worth $484,000 after buying an additional 22 shares during the period. Spirepoint Private Client LLC grew its holdings in Quanta Services by 2.0% during the 4th quarter. Spirepoint Private Client LLC now owns 1,107 shares of the construction company's stock worth $467,000 after acquiring an additional 22 shares in the last quarter. Rothschild Investment LLC grew its holdings in Quanta Services by 2.8% during the 3rd quarter. Rothschild Investment LLC now owns 850 shares of the construction company's stock worth $352,000 after acquiring an additional 23 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of Quanta Services by 0.5% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company's stock valued at $1,968,000 after purchasing an additional 23 shares during the last quarter. Finally, Wealth Alliance LLC raised its holdings in shares of Quanta Services by 1.4% in the 3rd quarter. Wealth Alliance LLC now owns 1,636 shares of the construction company's stock valued at $678,000 after purchasing an additional 23 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PWR. Weiss Ratings reiterated a "buy (b-)" rating on shares of Quanta Services in a research note on Friday, April 10th. Evercore raised their price target on Quanta Services from $604.00 to $635.00 and gave the company an "outperform" rating in a research note on Wednesday, April 1st. Wolfe Research lifted their price target on Quanta Services from $477.00 to $576.00 and gave the stock an "outperform" rating in a report on Friday, February 20th. BMO Capital Markets upgraded 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 report on Friday, March 27th. Finally, DA Davidson raised their target price on Quanta Services from $450.00 to $575.00 and gave the stock a "neutral" rating in a research report on Friday, February 20th. Eighteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $599.00.

Quanta Services Stock Up 3.4%

Shares of NYSE:PWR opened at $634.54 on Friday. 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, Inc. has a 1-year low of $272.00 and a 1-year high of $638.42. The firm has a fifty day moving average price of $566.91 and a 200 day moving average price of $489.90. The stock 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.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.14. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The firm had revenue of $7.84 billion for the quarter, compared to analysts' expectations of $7.38 billion. During the same quarter in the previous year, the firm posted $2.94 EPS. The firm's revenue for the quarter was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Sell-side analysts predict that Quanta Services, Inc. will post 11.97 EPS for the current year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors 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 presently 6.47%.

Quanta Services 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.

Want to see what other hedge funds are holding PWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quanta Services, Inc. (NYSE:PWR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.