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

Shares of Quanta Services, Inc. (NYSE:PWRGet Free Report) have received an average rating of “Moderate Buy” from the twenty-five research firms that are covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $695.7273.

Several equities analysts have weighed in on PWR shares. BNP Paribas Exane started coverage on Quanta Services in a research note on Tuesday, April 14th. They set a “neutral” rating on the stock. The Goldman Sachs Group raised their price objective on Quanta Services from $685.00 to $826.00 and gave the company a “buy” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. raised their price objective on Quanta Services from $627.00 to $805.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Evercore lifted their target price on Quanta Services from $635.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Finally, Cantor Fitzgerald lifted their target price on Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th.

View Our Latest Stock Analysis on PWR

Insiders Place Their Bets

In other news, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction on 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 directly owned 8,080 shares in the company, valued at $6,116,398.40. The trade was a 33.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Earl C. Jr. Austin sold 25,992 shares of Quanta Services stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $770.71, for a total value of $20,032,294.32. Following the sale, the chief executive officer owned 16,508 shares in the company, valued at $12,722,880.68. The trade was a 61.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 159,992 shares of company stock worth $123,244,714 over the last quarter. Company insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Quanta Services

A number of hedge funds have recently made changes to their positions in PWR. Cedar Mountain Advisors LLC raised its stake in Quanta Services by 321.4% in the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after acquiring an additional 45 shares during the period. Darwin Wealth Management LLC bought a new stake in Quanta Services in the 2nd quarter valued at about $26,000. Activest Wealth Management raised its stake in Quanta Services by 94.1% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after acquiring an additional 32 shares during the period. Flagship Harbor Advisors LLC bought a new stake in Quanta Services in the 4th quarter valued at about $28,000. Finally, Cornerstone Planning Group LLC raised its stake in Quanta Services by 213.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after acquiring an additional 49 shares during the period. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Stock Performance

NYSE PWR opened at $744.55 on Monday. The company has a fifty day simple moving average of $591.73 and a 200 day simple moving average of $505.56. Quanta Services has a 12-month low of $320.56 and a 12-month 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 company has a market cap of $111.73 billion, a P/E ratio of 102.13, a PEG ratio of 2.58 and a beta of 1.24.

Quanta Services (NYSE:PWRGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share 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 analysts’ expectations of $7 billion. During the same period last year, the business earned $1.78 EPS. The business’s revenue was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Sell-side analysts predict that Quanta Services will post 12.84 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd were paid 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 was Thursday, April 2nd. Quanta Services’s payout ratio is presently 6.04%.

Key Stories Impacting Quanta Services

Here are the key news stories impacting Quanta Services this week:

Quanta Services Company Profile

(Get 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.

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.

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Analyst Recommendations for Quanta Services (NYSE:PWR)

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