Stock Yards Bank & Trust Co. increased its position in Quanta Services, Inc. (NYSE:PWR – Free Report) by 4.4% in the first quarter, Holdings Channel reports. The firm owned 71,472 shares of the construction company’s stock after purchasing an additional 2,987 shares during the quarter. Quanta Services accounts for 1.2% of Stock Yards Bank & Trust Co.’s holdings, making the stock its 24th biggest holding. Stock Yards Bank & Trust Co.’s holdings in Quanta Services were worth $39,240,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of PWR. Brighton Jones LLC bought a new position in Quanta Services during the 4th quarter worth approximately $298,000. Woodline Partners LP increased its holdings in shares of Quanta Services by 40.7% in the 1st quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock valued at $3,170,000 after acquiring an additional 3,606 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Quanta Services during the 2nd quarter valued at approximately $4,632,000. Marshall Wace LLP acquired a new stake in shares of Quanta Services during the 2nd quarter valued at approximately $996,000. Finally, StoneX Group Inc. bought a new position in Quanta Services during the second quarter worth $204,000. Institutional investors and hedge funds own 90.49% of the company’s stock.
More Quanta Services News
Here are the key news stories impacting Quanta Services this week:
- Positive Sentiment: Quanta continues to benefit from strong demand tied to grid modernization, data centers, AI infrastructure, broadband expansion, and energy projects, which supports a long runway for revenue growth. Quanta vs. MasTec: Which Infrastructure Stock Is the Better Buy?
- Positive Sentiment: The company’s latest results were strong, with Q1 2026 revenue of $7.87 billion, adjusted EPS of $2.68, and record backlog of $48.5 billion, reinforcing the bullish growth story. Quanta Services Slides as Pullback Appears Tied to Valuation and a Lack of Fresh Catalysts
- Positive Sentiment: Management recently raised full-year 2026 expectations and authorized a new $1 billion share repurchase program, both of which suggest confidence in future earnings and capital returns. Quanta Services Slides as Pullback Appears Tied to Valuation and a Lack of Fresh Catalysts
- Neutral Sentiment: Several recent articles continue to highlight PWR as a growth and momentum stock, keeping investor attention on its long-term infrastructure exposure rather than on any near-term operational issue. Here’s Why Quanta Services (PWR) is a Strong Growth Stock
- Neutral Sentiment: Analyst coverage remains constructive, with multiple recent price targets clustered above the current trading range, which may help limit downside if fundamentals stay intact. Quanta Services Slides as Pullback Appears Tied to Valuation and a Lack of Fresh Catalysts
- Negative Sentiment: The stock’s recent weakness appears tied to profit-taking after a strong run, as investors reassess its rich valuation while waiting for the next major catalyst. Quanta Services Slides as Pullback Appears Tied to Valuation and a Lack of Fresh Catalysts
- Negative Sentiment: One additional concern for some investors is that insiders have reportedly made multiple sales over the past six months, which can add to caution during a valuation-driven pullback. Quanta Services Slides as Pullback Appears Tied to Valuation and a Lack of Fresh Catalysts
Quanta Services Stock Performance
Quanta Services (NYSE:PWR – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.64. The business had revenue of $7.87 billion for 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 company’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, equities analysts anticipate that Quanta Services, Inc. will post 12.81 earnings per share for the current year.
Quanta Services Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, July 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s payout ratio is currently 6.04%.
Quanta Services announced that its Board of Directors has authorized a share repurchase program on Friday, May 22nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
Analyst Ratings Changes
Several analysts have weighed in on PWR shares. Sanford C. Bernstein boosted their target price on shares of Quanta Services from $538.00 to $725.00 and gave the company a “market perform” rating in a research note on Tuesday, May 5th. Roth Mkm boosted their price objective on shares of Quanta Services from $600.00 to $650.00 and gave the company a “buy” rating in a research report on Monday, April 6th. B. Riley Financial reiterated a “neutral” rating on shares of Quanta Services in a research note on Friday, May 1st. Cantor Fitzgerald raised their target price on shares of Quanta Services from $630.00 to $901.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Finally, Wall Street Zen upgraded Quanta Services from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $751.14.
Check Out Our Latest Research Report on PWR
Insider Buying and Selling
In related news, CEO Earl C. Jr. Austin sold 130,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $770.65, for a total value of $100,184,500.00. Following the sale, the chief executive officer directly owned 556,911 shares in the company, valued at $429,183,462.15. This trade represents a 18.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction 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 directly owned 8,080 shares in the company, valued at $6,116,398.40. The trade was a 33.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 159,992 shares of company stock valued at $123,244,714 over the last three months. Corporate insiders own 0.60% of the company’s stock.
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.
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