Quanta Services (NYSE:PWR) Hits New 1-Year High After Analyst Upgrade

Quanta Services, Inc. (NYSE:PWR)’s share price hit a new 52-week high on Monday after The Goldman Sachs Group raised their price target on the stock from $685.00 to $826.00. The Goldman Sachs Group currently has a buy rating on the stock. Quanta Services traded as high as $747.94 and last traded at $745.0310, with a volume of 10421 shares traded. The stock had previously closed at $742.21.

Several other research firms have also recently weighed in on PWR. Sanford C. Bernstein upped their target price on Quanta Services from $515.00 to $538.00 in a research note on Wednesday, April 1st. Wall Street Zen raised Quanta Services from a “hold” rating to a “buy” rating in a report on Saturday. Jefferies Financial Group upped their price objective on Quanta Services from $634.00 to $654.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. B. Riley Financial reiterated a “neutral” rating on shares of Quanta Services in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their target price on Quanta Services from $627.00 to $805.00 and gave the stock an “overweight” rating in a research note on Friday. 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 company presently has an average rating of “Moderate Buy” and a consensus target price of $678.00.

Hedge Funds Weigh In On Quanta Services

A number of institutional investors and hedge funds have recently bought and sold shares of PWR. Brighton Jones LLC bought a new position in Quanta Services in the 4th quarter valued at approximately $298,000. Woodline Partners LP increased its position in Quanta Services by 40.7% in the 1st quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock valued at $3,170,000 after acquiring an additional 3,606 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Quanta Services during the second quarter valued at $4,632,000. Marshall Wace LLP acquired a new position in shares of Quanta Services during the second quarter worth $996,000. Finally, StoneX Group Inc. bought a new stake in shares of Quanta Services in the second quarter worth $204,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Up 0.9%

The firm has a market capitalization of $112.34 billion, a price-to-earnings ratio of 102.87, a P/E/G ratio of 3.37 and a beta of 1.24. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09. The stock has a fifty day moving average of $578.99 and a two-hundred day moving average of $498.52.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.64. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The firm had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7 billion. During the same quarter in the previous year, the company posted $1.78 EPS. The business’s revenue was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Sell-side analysts anticipate that Quanta Services, Inc. will post 11.97 earnings per share for the current year.

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd were issued a dividend of $0.11 per share. The ex-dividend date was Thursday, April 2nd. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is presently 6.04%.

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.