Quanta Services, Inc. (NYSE:PWR) Receives $401.19 Consensus PT from Brokerages

Shares of Quanta Services, Inc. (NYSE:PWR) have earned an average recommendation of “Moderate Buy” from the twenty-five ratings firms that are currently covering the company, MarketBeat reports. Twelve analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $404.2727.

PWR has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of Quanta Services from $413.00 to $474.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Northland Capmk lowered shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 2nd. Wall Street Zen cut shares of Quanta Services from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Evercore ISI increased their price objective on shares of Quanta Services from $360.00 to $410.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Finally, Citigroup upped their target price on Quanta Services from $432.00 to $492.00 and gave the stock a “buy” rating in a research report on Monday, July 28th.

Quanta Services Trading Up 1.4%

Shares of NYSE PWR opened at $406.00 on Friday. The stock has a market cap of $60.50 billion, a P/E ratio of 62.85, a price-to-earnings-growth ratio of 2.41 and a beta of 1.01. The firm has a 50 day moving average price of $388.49 and a two-hundred day moving average price of $344.71. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37. Quanta Services has a 52-week low of $227.08 and a 52-week high of $424.94.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.04. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.Quanta Services’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. As a group, equities analysts forecast that Quanta Services will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Wednesday, October 1st. Quanta Services’s payout ratio is presently 6.19%.

Institutional Trading of Quanta Services

Several hedge funds have recently added to or reduced their stakes in PWR. Cullen Frost Bankers Inc. purchased a new stake in Quanta Services in the 1st quarter worth about $25,000. Copia Wealth Management increased its stake in shares of Quanta Services by 509.1% in the second quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after purchasing an additional 56 shares in the last quarter. SOA Wealth Advisors LLC. raised its position in shares of Quanta Services by 159.3% in the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock valued at $26,000 after purchasing an additional 43 shares during the period. Darwin Wealth Management LLC purchased a new stake in shares of Quanta Services during the second quarter worth $26,000. Finally, Solstein Capital LLC boosted its stake in Quanta Services by 185.7% in the 2nd quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock worth $30,000 after purchasing an additional 52 shares during the period. Institutional investors own 90.49% of the company’s stock.

About Quanta Services

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company’s Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.