Quanta Services, Inc. (NYSE:PWR) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Quanta Services, Inc. (NYSE:PWR) have been given an average recommendation of “Moderate Buy” by the thirty-three ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-two have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $763.04.

Several research analysts have weighed in on the stock. Robert W. Baird set a $728.00 price objective on shares of Quanta Services in a report on Friday, July 31st. Guggenheim upgraded shares of Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 target price on the stock in a research note on Friday, July 31st. Citigroup increased their price target on shares of Quanta Services from $837.00 to $871.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Sanford C. Bernstein raised Quanta Services from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $748.00 to $775.00 in a report on Thursday, September 24th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $862.00 price objective on shares of Quanta Services in a research note on Monday.

Hedge Funds Weigh In On Quanta Services

A number of hedge funds have recently added to or reduced their stakes in the business. QRG Capital Management Inc. increased its stake in Quanta Services by 20.0% during the second quarter. QRG Capital Management Inc. now owns 18,247 shares of the construction company’s stock valued at $13,139,000 after purchasing an additional 3,043 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Quanta Services by 11.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 225,059 shares of the construction company’s stock worth $162,051,000 after buying an additional 23,850 shares during the last quarter. State Street Corp boosted its holdings in shares of Quanta Services by 4.7% in the 2nd quarter. State Street Corp now owns 6,581,807 shares of the construction company’s stock valued at $4,739,164,000 after buying an additional 296,893 shares during the period. ABS Direct Equity Fund LLC acquired a new position in shares of Quanta Services in the 2nd quarter valued at about $518,000. Finally, Sequoia Financial Advisors LLC grew its position in shares of Quanta Services by 5.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 135,883 shares of the construction company’s stock valued at $97,841,000 after buying an additional 7,039 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Performance

Shares of PWR opened at $701.09 on Thursday. The firm has a market cap of $105.40 billion, a price-to-earnings ratio of 80.31, a PEG ratio of 2.13 and a beta of 1.27. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $649.88 and its two-hundred day moving average is $657.42. Quanta Services has a 52-week low of $404.51 and a 52-week high of $788.75.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.93. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $8.61 billion. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The business’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.48 earnings per share. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Analysts forecast that Quanta Services will post 15.37 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Thursday, October 1st will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, October 1st. Quanta Services’s payout ratio is 5.04%.

About Quanta Services

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company delivers design, engineering, procurement, construction, repair and maintenance services for critical infrastructure across the electric power, energy and communications industries.

Quanta’s electric power operations support transmission and distribution networks, substations, renewable energy projects and related grid infrastructure. Its energy services include work on natural gas and other pipeline systems, utility infrastructure, industrial facilities and energy transition projects.