CIBC Bancorp USA Inc. Takes $8.51 Million Position in Quanta Services, Inc. $PWR

CIBC Bancorp USA Inc. bought a new position in shares of Quanta Services, Inc. (NYSE:PWR) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 20,529 shares of the construction company’s stock, valued at approximately $8,508,000.

A number of other institutional investors also recently modified their holdings of PWR. Norges Bank acquired a new stake in shares of Quanta Services in the second quarter valued at $675,802,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Quanta Services by 57.2% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock worth $917,009,000 after buying an additional 882,209 shares in the last quarter. Bank of America Corp DE grew its holdings in Quanta Services by 35.6% during the 3rd quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock worth $1,208,672,000 after acquiring an additional 765,822 shares during the last quarter. Select Equity Group L.P. increased its position in Quanta Services by 69.3% in the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock valued at $384,554,000 after acquiring an additional 416,395 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Quanta Services by 2.2% in the third quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock worth $7,519,079,000 after acquiring an additional 386,937 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PWR shares. Mizuho boosted their price objective on shares of Quanta Services from $424.00 to $537.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Robert W. Baird boosted their target price on Quanta Services from $490.00 to $606.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Evercore reaffirmed an “outperform” rating and set a $604.00 price target on shares of Quanta Services in a research note on Friday, February 20th. B. Riley Financial raised their target price 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. Finally, Stifel Nicolaus set a $647.00 price target on shares of Quanta Services in a research note on Monday, February 23rd. Seventeen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and a consensus target price of $576.55.

Quanta Services Trading Down 3.8%

NYSE:PWR opened at $555.73 on Friday. The company has a market cap of $83.15 billion, a PE ratio of 81.72, a PEG ratio of 2.63 and a beta of 1.10. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $583.73. The firm has a 50-day moving average of $518.34 and a 200-day moving average of $458.97. 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) last announced its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.14. The firm had revenue of $7.84 billion for the quarter, compared to the consensus estimate of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The company’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, equities research analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Thursday, April 2nd will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s payout ratio is currently 6.47%.

Quanta Services Company 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.