Park National Corp OH Makes New $17.92 Million Investment in Quanta Services, Inc. $PWR

Park National Corp OH bought a new stake in shares of Quanta Services, Inc. (NYSE:PWR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 42,459 shares of the construction company’s stock, valued at approximately $17,920,000.

Several other large investors also recently modified their holdings of PWR. Brighton Jones LLC purchased a new stake in Quanta Services in the fourth quarter worth $298,000. Woodline Partners LP lifted its position in shares of Quanta Services by 40.7% during the 1st quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock valued at $3,170,000 after buying an additional 3,606 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of Quanta Services by 6.5% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 1,113 shares of the construction company’s stock worth $421,000 after acquiring an additional 68 shares during the period. Empowered Funds LLC increased its holdings in Quanta Services by 377.2% in the 2nd quarter. Empowered Funds LLC now owns 15,915 shares of the construction company’s stock worth $6,016,000 after acquiring an additional 12,580 shares during the last quarter. Finally, Wealthspire Advisors LLC increased its holdings in Quanta Services by 5.3% in the 2nd quarter. Wealthspire Advisors LLC now owns 2,001 shares of the construction company’s stock worth $756,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Evercore reaffirmed an “outperform” rating and set a $604.00 price objective on shares of Quanta Services in a report on Friday, February 20th. Bank of America boosted their price target on shares of Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Cantor Fitzgerald upped their price target on shares of Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Argus lifted their price objective on shares of Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Finally, Stifel Nicolaus set a $647.00 target price on shares of Quanta Services in a report on Monday, February 23rd. Seventeen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $576.55.

Quanta Services Trading Up 0.9%

Shares of PWR opened at $577.09 on Friday. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $583.73. The stock has a market cap of $86.34 billion, a PE ratio of 84.87, a P/E/G ratio of 2.60 and a beta of 1.10. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58. The business’s 50-day moving average price is $515.67 and its 200-day moving average price is $457.74.

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

About Quanta Services

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.