Quanta Services (NYSE:PWR) Upgraded at Guggenheim

Quanta Services (NYSE:PWR) was upgraded by stock analysts at Guggenheim from a “neutral” rating to a “buy” rating in a report issued on Friday, MarketBeat reports. The brokerage presently has a $800.00 price target on the construction company’s stock. Guggenheim’s price target indicates a potential upside of 18.26% from the stock’s current price.

Several other equities analysts have also recently commented on PWR. Stifel Nicolaus set a $784.00 price target on Quanta Services in a report on Friday, May 1st. BMO Capital Markets raised their target price on Quanta Services from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Robert W. Baird lifted their target price on shares of Quanta Services from $606.00 to $777.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. TD Cowen upped their target price on shares of Quanta Services from $570.00 to $775.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Citigroup reiterated a “buy” rating on shares of Quanta Services in a research report on Friday. Eighteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $745.78.

Quanta Services Stock Performance

NYSE PWR traded up $18.47 during trading on Friday, hitting $676.45. The company’s stock had a trading volume of 167,701 shares, compared to its average volume of 1,172,059. Quanta Services has a 52 week low of $363.01 and a 52 week high of $788.75. The firm has a market cap of $101.51 billion, a P/E ratio of 93.13, a price-to-earnings-growth ratio of 2.21 and a beta of 1.21. The firm has a 50 day moving average price of $681.24 and a 200 day moving average price of $611.83. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.93. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The business had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. During the same quarter last year, the company posted $2.48 earnings per share. Quanta Services’s quarterly 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. Equities research analysts forecast that Quanta Services will post 12.8 earnings per share for the current fiscal year.

Quanta Services announced that its Board of Directors has approved a stock buyback program on Friday, May 22nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to buy up to 0.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Quanta Services

In other news, CEO Earl C. Jr. Austin sold 25,992 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the completion of the transaction, the chief executive officer directly owned 16,508 shares of the company’s stock, valued at $12,722,880.68. This represents a 61.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $756.98, for a total transaction of $3,027,920.00. Following the completion of the sale, the chief accounting officer owned 8,080 shares in the company, valued at $6,116,398.40. This trade represents a 33.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 159,992 shares of company stock worth $123,244,714. 0.60% of the stock is currently owned by insiders.

Institutional Trading of Quanta Services

Several institutional investors and hedge funds have recently bought and sold shares of PWR. Bartlett & CO. Wealth Management LLC raised its holdings in Quanta Services by 2.6% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 513 shares of the construction company’s stock valued at $282,000 after acquiring an additional 13 shares during the last quarter. Pincus Capital Management LP grew its position in shares of Quanta Services by 0.4% in the first quarter. Pincus Capital Management LP now owns 3,690 shares of the construction company’s stock valued at $2,026,000 after purchasing an additional 15 shares in the last quarter. SouthState Bank Corp increased its holdings in shares of Quanta Services by 23.5% in the first quarter. SouthState Bank Corp now owns 84 shares of the construction company’s stock valued at $46,000 after purchasing an additional 16 shares during the last quarter. Lewis Asset Management LLC lifted its position in Quanta Services by 2.5% during the first quarter. Lewis Asset Management LLC now owns 692 shares of the construction company’s stock worth $380,000 after buying an additional 17 shares in the last quarter. Finally, Stiles Financial Services Inc lifted its position in Quanta Services by 1.8% during the first quarter. Stiles Financial Services Inc now owns 987 shares of the construction company’s stock worth $542,000 after buying an additional 17 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Key Stories Impacting Quanta Services

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

• Positive Sentiment: Q2 results substantially exceeded expectations. Adjusted diluted EPS was $4.24, ahead of consensus estimates near $3.29-$3.31 and up from $2.48 a year earlier. Revenue increased 41.1% year over year to $9.56 billion, surpassing estimates of approximately $8.6 billion. Quanta Services Reports Second Quarter 2026 Results
• Positive Sentiment: Management raised full-year 2026 guidance across key metrics. The company now expects revenue of $39.3 billion to $39.7 billion and adjusted EPS of $16.45 to $16.95, well above consensus revenue of about $35.0 billion and EPS of approximately $13.78. Quanta Projects 2026 Revenue Outlook
• Positive Sentiment: Visibility and cash generation remain strong. Total backlog reached a record $53.4 billion, including $33.6 billion of remaining performance obligations. Quarterly operating cash flow was $1.1 billion and free cash flow was $0.9 billion, supporting confidence in future execution. PWR Q2 Earnings Beat and Outlook Raised
• Neutral Sentiment: The strong outlook is already being assessed against a premium valuation: PWR trades at a high earnings multiple, so continued share-price gains may depend on further earnings growth and successful delivery of the large backlog.

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.