Quanta Services (NYSE:PWR) Stock Price Target Lowered at Truist Financial

Quanta Services (NYSE:PWR) had its price target cut by Truist Financial from $976.00 to $945.00 in a research note published on Monday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

A number of other analysts have also recently issued reports on PWR. Sanford C. Bernstein upgraded 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 research report on Thursday, September 24th. Mizuho lifted their price target on shares of Quanta Services from $659.00 to $741.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Morgan Stanley lowered shares of Quanta Services to an “underweight” rating in a report on Monday, August 3rd. Benchmark cut shares of Quanta Services to a “sell” rating in a research note on Friday, July 31st. Finally, Wall Street Zen downgraded shares of Quanta Services from a “buy” rating to a “hold” rating in a report on Saturday, September 12th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Quanta Services currently has an average rating of “Moderate Buy” and a consensus target price of $765.32.

Quanta Services Stock Up 1.3%

NYSE PWR opened at $685.07 on Monday. Quanta Services has a twelve month low of $404.51 and a twelve month high of $788.75. The stock has a market cap of $102.99 billion, a PE ratio of 78.47, a PEG ratio of 2.00 and a beta of 1.27. The firm has a 50-day simple moving average of $644.47 and a 200 day simple moving average of $655.52. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The firm had revenue of $9.56 billion for the quarter, compared to analyst estimates of $8.61 billion. During the same period in the previous year, the company posted $2.48 earnings per share. The company’s quarterly 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. On average, research analysts forecast that Quanta Services will post 15.37 EPS for the current year.

Quanta Services Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers boosted its holdings 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 buying an additional 4,087 shares during the last quarter. Vise Technologies Inc. grew its position in shares of Quanta Services by 20.3% during the 4th quarter. Vise Technologies Inc. now owns 5,128 shares of the construction company’s stock worth $2,164,000 after buying an additional 866 shares during the period. Sands Capital Management LLC bought a new stake in shares of Quanta Services in the 4th quarter valued at about $243,485,000. State Street Corp raised its position 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 acquiring an additional 296,893 shares during the period. Finally, Aptus Capital Advisors LLC raised its position in shares of Quanta Services by 9.5% in the 4th quarter. Aptus Capital Advisors LLC now owns 60,643 shares of the construction company’s stock valued at $25,595,000 after acquiring an additional 5,245 shares during the period. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Company Profile

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.