Quanta Services, Inc. (NYSE:PWR) Receives $408.45 Average Target Price from Analysts

Shares of Quanta Services, Inc. (NYSE:PWR) have earned a consensus recommendation of “Moderate Buy” from the twenty-six brokerages that are currently covering the firm, Marketbeat reports. Twelve investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $410.4545.

A number of brokerages recently issued reports on PWR. JPMorgan Chase & Co. boosted their price target on Quanta Services from $395.00 to $436.00 and gave the company a “neutral” rating in a report on Thursday. Mizuho began coverage on shares of Quanta Services in a research note on Thursday, September 4th. They issued a “neutral” rating and a $360.00 price objective for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Quanta Services in a research note on Wednesday, October 8th. Seaport Res Ptn raised shares of Quanta Services to a “hold” rating in a research note on Thursday, July 10th. Finally, Citigroup boosted their price objective on shares of Quanta Services from $432.00 to $492.00 and gave the stock a “buy” rating in a research note on Monday, July 28th.

Quanta Services Stock Down 0.7%

Shares of NYSE PWR opened at $434.65 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37. The firm has a market capitalization of $64.77 billion, a price-to-earnings ratio of 67.28, a PEG ratio of 2.57 and a beta of 1.04. The stock has a 50 day moving average price of $396.43 and a 200 day moving average price of $361.71. Quanta Services has a 52-week low of $227.08 and a 52-week high of $446.60.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.04. The firm had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.Quanta Services’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Sell-side analysts expect that Quanta Services will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Wednesday, October 1st were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s payout ratio is 6.19%.

Hedge Funds Weigh In On Quanta Services

A number of large investors have recently made changes to their positions in PWR. Cullen Frost Bankers Inc. acquired a new position in shares of Quanta Services during the first quarter worth $25,000. Copia Wealth Management increased its position in shares of Quanta Services by 509.1% during the second quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after purchasing an additional 56 shares in the last quarter. SOA Wealth Advisors LLC. increased its position in shares of Quanta Services by 159.3% during the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after purchasing an additional 43 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Quanta Services during the second quarter worth $26,000. Finally, Solstein Capital LLC increased its position in shares of Quanta Services by 185.7% during the second quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock worth $30,000 after purchasing an additional 52 shares in the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Company Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company’s Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.