Park National Corp OH Acquires Shares of 42,459 Quanta Services, Inc. $PWR

Park National Corp OH acquired a new stake in shares of Quanta Services, Inc. (NYSE:PWR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 42,459 shares of the construction company’s stock, valued at approximately $17,920,000.

Other large investors also recently modified their holdings of the company. Activest Wealth Management raised its holdings in Quanta Services by 94.1% during the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after buying an additional 32 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Quanta Services during the second quarter valued at about $26,000. Cornerstone Planning Group LLC increased its position in shares of Quanta Services by 213.0% during the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock worth $30,000 after acquiring an additional 49 shares in the last quarter. Texas Capital Bancshares Inc TX acquired a new stake in shares of Quanta Services in the 3rd quarter worth about $38,000. Finally, GPS Wealth Strategies Group LLC acquired a new stake in shares of Quanta Services in the 3rd quarter worth about $38,000. 90.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PWR has been the subject of a number of analyst reports. TD Cowen lifted their price target on Quanta Services from $425.00 to $570.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Sanford C. Bernstein raised their target price on Quanta Services from $471.00 to $515.00 and gave the company a “market perform” rating in a report on Tuesday, February 24th. Roth Mkm reaffirmed a “buy” rating and set a $600.00 target price on shares of Quanta Services in a research report on Friday, February 20th. Bank of America upped their price target on Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, DA Davidson raised their price objective on Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Seventeen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $576.55.

Quanta Services Price Performance

Shares of NYSE PWR opened at $577.09 on Friday. The company has a market capitalization of $86.34 billion, a PE ratio of 84.87, a PEG 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 stock’s 50 day moving average price is $515.67 and its 200-day moving average price is $457.74. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $583.73.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, topping 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 analyst estimates of $7.38 billion. During the same period last year, the company posted $2.94 earnings per share. Quanta Services’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, equities analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current 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.