NBT Bank N A NY Has $2.81 Million Stake in Quanta Services, Inc. $PWR

NBT Bank N A NY reduced its holdings in Quanta Services, Inc. (NYSE:PWR) by 15.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,123 shares of the construction company’s stock after selling 911 shares during the quarter. NBT Bank N A NY’s holdings in Quanta Services were worth $2,813,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Integral Investment Advisors Inc. lifted its stake in Quanta Services by 32.0% in the first quarter. Integral Investment Advisors Inc. now owns 640 shares of the construction company’s stock valued at $351,000 after buying an additional 155 shares in the last quarter. Nixon Peabody Trust Co. increased its position in shares of Quanta Services by 20.2% during the first quarter. Nixon Peabody Trust Co. now owns 22,033 shares of the construction company’s stock worth $12,097,000 after acquiring an additional 3,702 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of Quanta Services by 8.4% during the first quarter. QRG Capital Management Inc. now owns 15,204 shares of the construction company’s stock worth $8,347,000 after acquiring an additional 1,174 shares during the period. HB Wealth Management LLC lifted its position in Quanta Services by 2.4% in the 1st quarter. HB Wealth Management LLC now owns 22,395 shares of the construction company’s stock valued at $12,296,000 after acquiring an additional 522 shares in the last quarter. Finally, Mustard Seed Financial LLC bought a new stake in Quanta Services in the 1st quarter valued at $221,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Down 0.1%

Quanta Services stock opened at $667.73 on Friday. The firm has a 50-day moving average of $711.52 and a 200-day moving average of $582.63. Quanta Services, Inc. has a one year low of $363.01 and a one year high of $788.75. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09. The company has a market cap of $100.20 billion, a price-to-earnings ratio of 91.60, a P/E/G ratio of 2.63 and a beta of 1.21.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.64. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The business had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7 billion. During the same quarter in the previous year, the business earned $1.78 earnings per share. Quanta Services’s quarterly revenue was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, equities analysts expect that Quanta Services, Inc. will post 12.81 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s payout ratio is 6.04%.

Quanta Services declared that its Board of Directors has approved a stock buyback program on Friday, May 22nd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have issued reports on PWR. Evercore increased their target price on Quanta Services from $635.00 to $800.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. BMO Capital Markets boosted their price target on Quanta Services from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Oppenheimer upgraded Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price objective for the company in a report on Thursday, May 28th. Truist Financial lifted their target price on Quanta Services from $851.00 to $940.00 and gave the company a “buy” rating in a research report on Thursday. Finally, B. Riley Financial restated a “neutral” rating on shares of Quanta Services in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $755.18.

Insider Buying and Selling

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $756.98, for a total transaction of $3,027,920.00. Following the sale, the chief accounting officer directly owned 8,080 shares of the company’s stock, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Earl C. Jr. Austin sold 25,992 shares of Quanta Services stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the completion of the transaction, the chief executive officer directly owned 16,508 shares of the company’s stock, valued at approximately $12,722,880.68. This trade represents a 61.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 159,992 shares of company stock worth $123,244,714. Company 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.