Quanta Services (NYSE:PWR) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Quanta Services (NYSE:PWR) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks reports.

Other research analysts also recently issued research reports about the company. Raymond James Financial initiated coverage on Quanta Services in a research note on Friday, July 31st. They set an “outperform” rating on the stock. KeyCorp raised shares of Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 target price on the stock in a report on Friday, August 7th. BTIG Research cut shares of Quanta Services to a “hold” rating in a research note on Friday, July 31st. Argus set a $800.00 target price on shares of Quanta Services in a report on Wednesday, August 5th. Finally, Guggenheim raised Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 price target on the stock in a report on Friday, July 31st. Twenty-two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and an average price target of $763.04.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $701.09 on Monday. The firm has a market capitalization of $105.40 billion, a P/E ratio of 80.31, a P/E/G 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. Quanta Services has a 52 week low of $404.51 and a 52 week high of $788.75. The firm’s 50 day moving average is $649.88 and its two-hundred day moving average is $657.42.

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

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, October 1st. Quanta Services’s dividend payout ratio is presently 5.04%.

Institutional Investors Weigh In On Quanta Services

Several institutional investors have recently modified their holdings of the company. Cetera Investment Advisers raised its position in Quanta Services by 5.8% during the first quarter. Cetera Investment Advisers now owns 74,134 shares of the construction company’s stock worth $40,701,000 after acquiring an additional 4,087 shares during the last quarter. State Street Corp grew its position in shares of Quanta Services by 4.7% in the second quarter. State Street Corp now owns 6,581,807 shares of the construction company’s stock valued at $4,739,164,000 after purchasing an additional 296,893 shares during the last quarter. Sands Capital Management LLC purchased a new position in shares of Quanta Services during the 4th quarter worth approximately $243,485,000. Aptus Capital Advisors LLC increased its stake in shares of Quanta Services by 9.5% during the 4th quarter. Aptus Capital Advisors LLC now owns 60,643 shares of the construction company’s stock worth $25,595,000 after purchasing an additional 5,245 shares in the last quarter. Finally, Cooper Financial Group acquired a new position in shares of Quanta Services during the 2nd quarter worth approximately $1,151,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

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.