Truist Financial Reiterates “Buy” Rating for Quanta Services (NYSE:PWR)

Quanta Services (NYSE:PWR)‘s stock had its “buy” rating restated by analysts at Truist Financial in a note issued to investors on Friday, Marketbeat reports. They currently have a $643.00 target price on the construction company’s stock, up from their prior target price of $548.00. Truist Financial’s price target would suggest a potential upside of 16.36% from the company’s current price.

A number of other research analysts also recently issued reports on PWR. Roth Mkm reissued a “buy” rating and issued a $600.00 price target on shares of Quanta Services in a report on Friday. JPMorgan Chase & Co. raised shares of Quanta Services from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $457.00 to $515.00 in a report on Monday, December 8th. Evercore reaffirmed an “outperform” rating and issued a $604.00 price objective on shares of Quanta Services in a report on Friday. B. Riley Financial raised their target price on Quanta Services from $450.00 to $565.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Stifel Nicolaus upped their price target on Quanta Services from $495.00 to $517.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $525.85.

Quanta Services Stock Down 0.3%

Shares of PWR stock opened at $552.59 on Friday. Quanta Services has a fifty-two week low of $227.08 and a fifty-two week high of $565.93. The firm has a market capitalization of $82.40 billion, a PE ratio of 81.26, a P/E/G ratio of 2.68 and a beta of 1.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.14. The stock’s 50-day simple moving average is $464.58 and its 200-day simple moving average is $434.03.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.14. The company had revenue of $7.84 billion for the quarter, compared to the consensus estimate of $7.38 billion. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. Quanta Services’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Equities analysts expect that Quanta Services will post 9.34 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Quanta Services by 2.2% in the third quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock valued at $7,519,079,000 after buying an additional 386,937 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Quanta Services by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,821,962 shares of the construction company’s stock worth $2,579,259,000 after purchasing an additional 49,334 shares in the last quarter. State Street Corp boosted its holdings in shares of Quanta Services by 2.1% during the 4th quarter. State Street Corp now owns 6,206,761 shares of the construction company’s stock worth $2,619,626,000 after purchasing an additional 126,014 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Quanta Services by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 4,086,544 shares of the construction company’s stock valued at $1,718,371,000 after purchasing an additional 110,360 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Quanta Services by 35.6% during the third 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. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Key Quanta Services News

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

• Positive Sentiment: Q4 beat and record backlog — Quanta posted Q4 revenue of $7.84B and adjusted EPS of $3.16 (above estimates), with year-end total backlog near $44B, strengthening revenue visibility. Read More.
• Positive Sentiment: Strong FY2026 guidance — management set adjusted EPS of $12.65–$13.35 and revenue of ~$33.25–$33.75B, well above consensus, signaling double‑digit growth expectations that underpin valuation re-rating. Read More.
• Positive Sentiment: Analysts raising targets — UBS boosted its PT to $646 (buy) and Truist raised its PT to $643, reflecting upgraded earnings/valuation assumptions and creating further upside reference points for investors. Read More.
• Neutral Sentiment: Earnings call and analyst commentary — management emphasized accelerating electric-infrastructure demand and tuck-in acquisitions; call transcripts and summaries provide color on margin drivers and backlog composition. Read More.
• Negative Sentiment: Insider and institutional flows mixed — recent reporting shows notable insider sales and some large institutional position reductions alongside others adding shares; such flows can add volatility and signal portfolio rebalancing. Read More.

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.