Quanta Services, Inc. (NYSE:PWR) Given Average Recommendation of “Moderate Buy” by Brokerages

Quanta Services, Inc. (NYSE:PWR) has been given a consensus recommendation of “Moderate Buy” by the thirty-two brokerages that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, twenty-one have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $769.25.

Several equities analysts recently weighed in on the stock. Citigroup increased their price objective on shares of Quanta Services from $837.00 to $871.00 and gave the company a “buy” rating 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 for the company in a research report on Friday, July 31st. TD Cowen increased their price target on Quanta Services from $775.00 to $785.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. UBS Group restated a “buy” rating on shares of Quanta Services in a research report on Monday. Finally, Cantor Fitzgerald assumed coverage on Quanta Services in a research note on Friday, July 31st. They set an “outperform” rating for the company.

Quanta Services Price Performance

Shares of PWR stock opened at $695.91 on Wednesday. The firm has a market cap of $104.62 billion, a price-to-earnings ratio of 79.71, a PEG ratio of 2.25 and a beta of 1.23. Quanta Services has a 12 month low of $363.01 and a 12 month high of $788.75. 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 stock has a 50-day moving average price of $672.85 and a 200 day moving average price of $631.94.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share (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 company had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. During the same period in the prior year, the company posted $2.48 EPS. The company’s revenue was up 41.1% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Research analysts expect that Quanta Services will post 15.33 EPS for the current year.

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.11 per share. The ex-dividend date was Wednesday, July 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is 5.04%.

Quanta Services declared that its board has initiated a stock buyback program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to purchase up to 0.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cedar Mountain Advisors LLC increased its stake in Quanta Services by 321.4% in the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after purchasing an additional 45 shares in the last quarter. Darwin Wealth Management LLC bought a new position in shares of Quanta Services during the second quarter worth $26,000. Boreal Capital Management LLC acquired a new position in shares of Quanta Services in the 1st quarter valued at $27,000. Flagship Harbor Advisors LLC bought a new stake in shares of Quanta Services in the 4th quarter valued at $28,000. Finally, MV Capital Management Inc. acquired a new stake in Quanta Services during the 4th quarter worth $30,000. Institutional investors own 90.49% of the company’s stock.

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.