Analysts Set Quanta Services, Inc. (NYSE:PWR) PT at $769.25

Quanta Services, Inc. (NYSE:PWR) has been given a consensus rating of “Moderate Buy” by the thirty-three analysts that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, twenty-one have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $767.72.

PWR has been the topic of several recent research reports. Guggenheim upgraded shares of Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 price target on the stock in a research note on Friday, July 31st. Oppenheimer upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price objective for the company in a research note on Thursday, May 28th. Benchmark downgraded Quanta Services to a “sell” rating in a research report on Friday, July 31st. Piper Sandler started coverage on Quanta Services in a report on Tuesday. They set an “overweight” rating and a $731.00 target price on the stock. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $714.00 price target on shares of Quanta Services in a research report on Tuesday, July 21st.

Institutional Trading of Quanta Services

A number of large investors have recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC raised its holdings in shares of Quanta Services by 321.4% in the 4th 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 during the period. Darwin Wealth Management LLC bought a new position in Quanta Services during the second quarter worth about $26,000. Boreal Capital Management LLC acquired a new position in Quanta Services during the first quarter worth approximately $27,000. MV Capital Management Inc. bought a new stake in Quanta Services in the fourth quarter valued at approximately $30,000. Finally, Meeder Asset Management Inc. lifted its position in shares of Quanta Services by 221.7% in the fourth quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock valued at $31,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Up 2.3%

Shares of Quanta Services stock opened at $639.02 on Friday. The firm has a market cap of $96.07 billion, a PE ratio of 73.20, a P/E/G ratio of 2.05 and a beta of 1.20. The business’s 50 day simple moving average is $648.40 and its 200 day simple moving average is $644.97. 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 has a 52-week low of $370.27 and a 52-week high of $788.75.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.93. The company had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $8.61 billion. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The business’s quarterly revenue was up 41.1% on a year-over-year basis. During the same period last year, the business earned $2.48 EPS. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, analysts predict that Quanta Services will post 15.35 earnings per share for the current fiscal year.

Quanta Services announced that its board has approved a stock repurchase plan on Friday, May 22nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Quanta Services Announces Dividend

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

About Quanta Services

Quanta Services, Inc is an infrastructure solutions provider serving the electric power, communications, pipeline, industrial and renewable energy industries. The company designs, installs, repairs and maintains infrastructure used to generate, transmit and distribute electricity, as well as systems that support telecommunications, natural gas and other energy-related activities.

Its services include engineering, procurement and construction; utility and substation work; transmission and distribution projects; storm restoration; fiber-optic and wireless network deployment; pipeline construction and maintenance; and development of renewable energy and energy storage infrastructure.