Quanta Services, Inc. (NYSE:PWR) Receives Average Rating of “Moderate Buy” from Brokerages

Quanta Services, Inc. (NYSE:PWR) has been given a consensus recommendation of “Moderate Buy” by the thirty-two brokerages that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, twenty-one have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $769.25.

PWR has been the subject of a number of recent analyst reports. Truist Financial restated a “buy” rating and issued a $976.00 target price (up from $940.00) on shares of Quanta Services in a report on Monday, August 3rd. Mizuho boosted their price objective on shares of Quanta Services from $659.00 to $741.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. KeyCorp upgraded Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 price objective for the company in a report on Friday, August 7th. Wall Street Zen raised Quanta Services from a “hold” rating to a “buy” rating in a research report on Sunday, August 2nd. Finally, CICC Research began coverage on Quanta Services in a research report on Thursday, May 21st. They set an “outperform” rating and a $872.00 price target for the company.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Ballast Inc. purchased a new stake in Quanta Services during the second quarter worth approximately $451,000. Tema ETFs LLC raised its stake in shares of Quanta Services by 58.1% in the 2nd quarter. Tema ETFs LLC now owns 62,648 shares of the construction company’s stock valued at $45,109,000 after acquiring an additional 23,024 shares during the period. Fulcrum Equity Management acquired a new position in shares of Quanta Services during the 2nd quarter valued at $276,000. Wealthcare Advisory Partners LLC boosted its position in Quanta Services by 10.9% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 611 shares of the construction company’s stock worth $440,000 after purchasing an additional 60 shares during the period. Finally, Revolve Wealth Partners LLC purchased a new stake in Quanta Services during the 2nd quarter worth $244,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

PWR stock opened at $685.99 on Wednesday. The stock has a market capitalization of $103.13 billion, a price-to-earnings ratio of 78.58, a price-to-earnings-growth ratio of 2.25 and a beta of 1.23. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. Quanta Services has a 52-week low of $363.01 and a 52-week high of $788.75. The stock’s fifty day simple moving average is $672.18 and its 200-day simple moving average is $628.71.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, beating the consensus estimate of $3.31 by $0.93. The company had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $8.61 billion. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The firm’s revenue was up 41.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.48 EPS. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Equities research analysts expect that Quanta Services will post 15.33 EPS for the current year.

Quanta Services announced that its Board of Directors has initiated a share buyback program on Friday, May 22nd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to buy up to 0.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Quanta Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, July 1st. Quanta Services’s payout ratio is currently 5.04%.

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.