Nixon Peabody Trust Co. Raises Stock Position in Quanta Services, Inc. $PWR

04 Jul 2026, 07:34 by Scott Moore · The Cerbat Gem

Nixon Peabody Trust Co. lifted its holdings in shares of Quanta Services, Inc. (NYSE:PWR – Free Report) by 20.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 22,033 shares of the construction company’s stock after buying an additional 3,702 shares during the period. Nixon Peabody Trust Co.’s holdings in Quanta Services were worth $12,097,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Quanta Services in the fourth quarter valued at approximately $817,285,000. Bank of America Corp DE lifted its position in shares of Quanta Services by 35.6% during the third quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock worth $1,208,672,000 after purchasing an additional 765,822 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Quanta Services by 35.2% during the fourth quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock worth $1,230,493,000 after purchasing an additional 758,862 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of Quanta Services by 137.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock valued at $486,065,000 after purchasing an additional 667,050 shares during the period. Finally, Sands Capital Management LLC acquired a new stake in Quanta Services during the 4th quarter valued at $243,485,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Price Performance

Shares of PWR opened at $667.73 on Friday. Quanta Services, Inc. has a 52 week low of $363.01 and a 52 week high of $788.75. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57. The firm has a market cap of $100.20 billion, a price-to-earnings ratio of 91.60, a PEG ratio of 2.63 and a beta of 1.21. The stock has a 50 day moving average of $711.52 and a 200-day moving average of $582.63.

Quanta Services (NYSE:PWR – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $7 billion. During the same period in the prior year, the company posted $1.78 EPS. The business’s revenue was up 26.3% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, analysts forecast that Quanta Services, Inc. will post 12.81 EPS for the current year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 1st. Quanta Services’s dividend payout ratio is 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 buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to purchase 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 shares are undervalued.

Analyst Upgrades and Downgrades

PWR has been the topic of several analyst reports. The Goldman Sachs Group lifted their price target on shares of Quanta Services from $685.00 to $826.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Evercore raised their target price on Quanta Services from $635.00 to $800.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Truist Financial lifted their target price on Quanta Services from $851.00 to $940.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup boosted their price target on Quanta Services from $640.00 to $733.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, Sanford C. Bernstein increased their price target on Quanta Services from $538.00 to $725.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and an average price target of $755.18.

Get Our Latest Stock Analysis on PWR

Insider Transactions at Quanta Services

In related news, CEO Earl C. Jr. Austin sold 130,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the completion of the sale, the chief executive officer owned 556,911 shares of the company’s stock, valued at $429,183,462.15. This represents a 18.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $756.98, for a total transaction of $3,027,920.00. Following the sale, the chief accounting officer owned 8,080 shares in the company, valued at approximately $6,116,398.40. This trade represents a 33.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 159,992 shares of company stock worth $123,244,714. Insiders own 0.60% of the company’s stock.

Quanta Services Profile

(Free Report)

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.