Quanta Services, Inc. (NYSE:PWR) Receives Average Recommendation of “Moderate Buy” from Analysts

Quanta Services, Inc. (NYSE:PWR) has been assigned an average recommendation of “Moderate Buy” from the twenty-five analysts that are currently covering the firm, Marketbeat.com reports. Twelve analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $442.3182.

PWR has been the subject of a number of recent research reports. Evercore ISI upped their target price on Quanta Services from $410.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Citigroup boosted their price target on Quanta Services from $517.00 to $526.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Truist Financial raised their price objective on shares of Quanta Services from $472.00 to $521.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Roth Capital set a $500.00 target price on shares of Quanta Services and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Jefferies Financial Group raised their price target on shares of Quanta Services from $469.00 to $517.00 and gave the company a “buy” rating in a research note on Monday, November 3rd.

Insider Buying and Selling

In related news, Director Worthing Jackman sold 6,349 shares of Quanta Services stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $450.45, for a total value of $2,859,907.05. Following the transaction, the director directly owned 2,730 shares of the company’s stock, valued at $1,229,728.50. The trade was a 69.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Donald Wayne sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $443.81, for a total value of $6,213,340.00. Following the completion of the sale, the executive vice president owned 34,575 shares in the company, valued at $15,344,730.75. The trade was a 28.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 32,002 shares of company stock valued at $14,295,857 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC acquired a new position in Quanta Services in the fourth quarter valued at $298,000. Commonwealth Equity Services LLC lifted its stake in shares of Quanta Services by 12.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 69,846 shares of the construction company’s stock valued at $17,753,000 after purchasing an additional 7,868 shares during the period. Cary Street Partners Investment Advisory LLC boosted its position in shares of Quanta Services by 15.6% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 282 shares of the construction company’s stock valued at $72,000 after purchasing an additional 38 shares in the last quarter. Vanguard Group Inc. grew its stake in Quanta Services by 2.4% during the first quarter. Vanguard Group Inc. now owns 17,417,299 shares of the construction company’s stock worth $4,427,129,000 after purchasing an additional 407,878 shares during the period. Finally, Nicholas Hoffman & Company LLC. bought a new stake in Quanta Services in the first quarter worth approximately $224,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Price Performance

PWR stock opened at $464.89 on Friday. The stock has a market cap of $69.32 billion, a price-to-earnings ratio of 68.87, a P/E/G ratio of 2.59 and a beta of 1.14. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.34 and a quick ratio of 1.30. The company has a 50 day simple moving average of $438.31 and a 200 day simple moving average of $398.17. Quanta Services has a 1 year low of $227.08 and a 1 year high of $469.43.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, October 30th. The construction company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $3.24 by $0.09. Quanta Services had a net margin of 3.74% and a return on equity of 18.74%. The firm had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter in the previous year, the firm posted $2.72 earnings per share. The company’s revenue was up 17.5% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Research analysts anticipate that Quanta Services will post 9.34 EPS for the current fiscal year.

Quanta Services Company Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company’s Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.