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

Shares of Quanta Services, Inc. (NYSE:PWR) have received a consensus rating of “Moderate Buy” from the twenty-five research firms that are presently covering the stock, MarketBeat reports. Twelve investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $450.0952.

Several analysts have recently issued reports on PWR shares. Sanford C. Bernstein lowered their price objective on shares of Quanta Services from $432.00 to $428.00 and set a “market perform” rating for the company in a research note on Friday, December 19th. JPMorgan Chase & Co. raised Quanta Services from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $457.00 to $515.00 in a research report on Monday, December 8th. Argus set a $540.00 price target on Quanta Services in a research report on Friday, October 31st. Stifel Nicolaus set a $495.00 price objective on Quanta Services in a report on Monday, November 3rd. Finally, Truist Financial boosted their target price on Quanta Services from $472.00 to $521.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th.

Insider Buying and Selling at Quanta Services

In other news, insider Gerald A. Ducey, Jr. sold 7,653 shares of the stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $446.08, for a total value of $3,413,850.24. Following the completion of the sale, the insider owned 19,960 shares of the company’s stock, valued at $8,903,756.80. This represents a 27.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Donald Wayne sold 14,000 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $443.81, for a total transaction of $6,213,340.00. Following the completion of the transaction, the executive vice president directly owned 34,575 shares in the company, valued at approximately $15,344,730.75. This represents a 28.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 32,002 shares of company stock valued at $14,295,857 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Quanta Services

Institutional investors and hedge funds have recently modified their holdings of the stock. Copia Wealth Management lifted its position in Quanta Services by 509.1% during the 2nd quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after acquiring an additional 56 shares in the last quarter. SOA Wealth Advisors LLC. raised its stake in shares of Quanta Services by 159.3% during the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock valued at $26,000 after purchasing an additional 43 shares during the period. Darwin Wealth Management LLC acquired a new position in shares of Quanta Services during the second quarter worth $26,000. Activest Wealth Management boosted its stake in shares of Quanta Services by 94.1% in the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after purchasing an additional 32 shares during the period. Finally, Solstein Capital LLC grew its holdings in Quanta Services by 185.7% during the 2nd quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock valued at $30,000 after purchasing an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Down 0.4%

PWR opened at $430.83 on Tuesday. Quanta Services has a 12 month low of $227.08 and a 12 month high of $473.99. The business has a 50-day moving average of $442.98 and a two-hundred day moving average of $410.02. 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 stock has a market capitalization of $64.25 billion, a price-to-earnings ratio of 63.83, a price-to-earnings-growth ratio of 2.45 and a beta of 1.14.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, October 30th. The construction company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.24 by $0.09. Quanta Services had a net margin of 3.74% and a return on equity of 18.74%. The business had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.41 billion. During the same period last year, the company earned $2.72 earnings per share. The company’s quarterly 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. On average, research analysts expect that Quanta Services will post 9.34 earnings per share for the current year.

Quanta Services Company Profile

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.