Stock Yards Bank & Trust Co. Purchases 7,912 Shares of Quanta Services, Inc. $PWR

Stock Yards Bank & Trust Co. grew its stake in Quanta Services, Inc. (NYSE:PWR) by 13.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,485 shares of the construction company’s stock after buying an additional 7,912 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Quanta Services were worth $28,905,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lansforsakringar Fondforvaltning AB publ increased its position in Quanta Services by 5.4% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock worth $19,316,000 after buying an additional 2,375 shares in the last quarter. Calamos Advisors LLC boosted its stake in shares of Quanta Services by 17.1% in the third quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock worth $43,680,000 after acquiring an additional 15,388 shares during the period. Chilton Capital Management LLC boosted its stake in shares of Quanta Services by 63.3% in the third quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock worth $69,016,000 after acquiring an additional 64,560 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Quanta Services by 59.9% in the third quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock worth $18,397,000 after acquiring an additional 16,637 shares during the period. Finally, Atria Investments Inc boosted its stake in shares of Quanta Services by 20.4% in the third quarter. Atria Investments Inc now owns 13,818 shares of the construction company’s stock worth $5,727,000 after acquiring an additional 2,340 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of Quanta Services stock opened at $554.42 on Tuesday. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $583.73. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average of $540.25 and a 200 day moving average of $473.86. The firm has a market cap of $82.95 billion, a PE ratio of 81.53, a PEG ratio of 2.55 and a beta of 1.10.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.14. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The business had revenue of $7.84 billion for the quarter, compared to the consensus estimate of $7.38 billion. During the same period in the prior year, the business posted $2.94 earnings per share. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, research analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.11 per share. The ex-dividend date is 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 is 6.47%.

Analyst Ratings Changes

PWR has been the subject of a number of recent analyst reports. UBS Group upped their price objective on Quanta Services from $518.00 to $646.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Sanford C. Bernstein upped their price objective on Quanta Services from $515.00 to $538.00 in a research note on Wednesday, April 1st. Evercore upped their price objective on Quanta Services from $604.00 to $635.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. JPMorgan Chase & Co. increased their price target on Quanta Services from $515.00 to $627.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Finally, DA Davidson increased their price target on Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Eighteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $593.23.

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.