Quanta Services (NYSE:PWR) Price Target Raised to $713.00

Quanta Services (NYSE:PWR) had its target price raised by Truist Financial from $643.00 to $713.00 in a research report report published on Monday, MarketBeat Ratings reports. The firm currently has a buy rating on the construction company’s stock.

A number of other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. increased their target price on Quanta Services from $515.00 to $627.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Bank of America increased their target price on Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a report on Friday, February 20th. BMO Capital Markets raised Quanta Services from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $600.00 to $650.00 in a research note on Friday, March 27th. Jefferies Financial Group increased their price target on Quanta Services from $634.00 to $654.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Finally, UBS Group increased their price target on Quanta Services from $518.00 to $646.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Eighteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $599.00.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $613.63 on Monday. The business’s fifty day moving average price is $564.54 and its two-hundred day moving average price is $488.89. The stock has a market cap of $92.08 billion, a PE ratio of 90.24, a price-to-earnings-growth ratio of 2.75 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. Quanta Services has a one year low of $272.00 and a one year high of $621.31.

Quanta Services (NYSE:PWR) last announced its earnings results 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 firm had revenue of $7.84 billion for the quarter, compared to analysts’ expectations of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.Quanta Services’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, analysts forecast that Quanta Services will post 11.97 EPS for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders 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 of this dividend was Thursday, April 2nd. Quanta Services’s dividend payout ratio is currently 6.47%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Cedar Mountain Advisors LLC raised its position in shares of Quanta Services by 321.4% in the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after buying an additional 45 shares during the period. Darwin Wealth Management LLC purchased a new position in shares of Quanta Services in the 2nd quarter worth $26,000. Activest Wealth Management raised its position in shares of Quanta Services by 94.1% in the 3rd 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 period. Flagship Harbor Advisors LLC purchased a new position in shares of Quanta Services in the 4th quarter worth $28,000. Finally, Cornerstone Planning Group LLC raised its position in shares of Quanta Services by 213.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock worth $30,000 after buying an additional 49 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.

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.