Quanta Services (NYSE:PWR) Given New $777.00 Price Target at Robert W. Baird

Quanta Services (NYSE:PWR) had its target price boosted by Robert W. Baird from $606.00 to $777.00 in a research report sent to investors on Friday morning, Marketbeat.com reports. The firm currently has an outperform rating on the construction company’s stock.

PWR has been the topic of several other research reports. The Goldman Sachs Group boosted their target price on Quanta Services from $495.00 to $685.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Mizuho boosted their price objective on shares of Quanta Services from $580.00 to $693.00 and gave the company a “neutral” rating in a research report on Friday. Cantor Fitzgerald increased their target price on shares of Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Sanford C. Bernstein raised their target price on shares of Quanta Services from $515.00 to $538.00 in a report on Wednesday, April 1st. Finally, BMO Capital Markets upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and upped their price target for the company from $600.00 to $650.00 in a report on Friday, March 27th. Eighteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $650.73.

Quanta Services Price Performance

Quanta Services stock traded up $13.67 during mid-day trading on Friday, reaching $741.44. 1,327,706 shares of the company’s stock traded hands, compared to its average volume of 915,688. Quanta Services has a 12-month low of $315.00 and a 12-month high of $742.33. The company has a market cap of $111.26 billion, a price-to-earnings ratio of 109.04, a PEG ratio of 3.30 and a beta of 1.24. The stock has a 50 day moving average of $578.99 and a two-hundred day moving average of $497.61. 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 earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.64. The firm had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The business’s revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Equities analysts forecast that Quanta Services will post 11.97 earnings per share for the current year.

Quanta Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd were issued a $0.11 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is presently 6.47%.

Institutional Investors Weigh In On Quanta Services

Large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Quanta Services during the 4th quarter worth $817,285,000. Bank of America Corp DE grew its position in shares of Quanta Services by 35.6% during the 3rd quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock worth $1,208,672,000 after buying an additional 765,822 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Quanta Services by 35.2% during the fourth quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock valued at $1,230,493,000 after buying an additional 758,862 shares during the period. Corient Private Wealth LLC raised its holdings in shares of Quanta Services by 137.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock valued at $486,065,000 after acquiring an additional 667,050 shares in the last quarter. Finally, Sands Capital Management LLC purchased a new stake in Quanta Services in the fourth quarter worth about $243,485,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Quanta Services

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

• Positive Sentiment: Record Q1 results and guidance lift — Quanta reported $7.87B revenue and adjusted EPS $2.68 (well above estimates), disclosed record backlog/RPO and raised FY‑2026 guidance to $13.55–$14.25 EPS and ~$34.7–$35.2B revenue; this operational beat and higher outlook underpin the rally. PR Newswire: Q1 Results
• Positive Sentiment: Top-line and execution coverage — multiple outlets highlight the EPS/revenue beat and raised outlook, signaling broad market recognition of stronger infrastructure demand and margin improvement. Zacks: Q1 Earnings Top Estimates
• Positive Sentiment: Major broker upgrades/target hikes — Several firms raised price targets and kept/added outperform/overweight ratings (BMO to $800, Evercore to $800, JPMorgan to $805, Robert W. Baird to $777). These increases endorse the company’s growth trajectory and likely attract additional demand for the stock. MarketScreener: BMO MarketScreener: Evercore MarketScreener: JPMorgan
• Neutral Sentiment: Market commentary and transcript coverage — Coverage from The Motley Fool, Seeking Alpha and other outlets explains the rally and details from the earnings call; useful for context but less likely to move price than hard results or broker actions. Fool: Why Quanta Is Powering Higher Seeking Alpha: Q1 Call Transcript
• Negative Sentiment: One dissenting analyst view — Mizuho raised its target to $693 but kept a neutral rating; that PT sits below the current share price and could temper gains if investors focus on that lower valuation. MarketScreener: Mizuho

About Quanta Services

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.