Quanta Services (NYSE:PWR) Price Target Raised to $576.00

Quanta Services (NYSE:PWR) had its target price upped by Wolfe Research from $477.00 to $576.00 in a report released on Friday morning,MarketScreener reports. The brokerage currently has an outperform rating on the construction company’s stock.

Other analysts have also recently issued research reports about the stock. Truist Financial reiterated a “buy” rating and issued a $643.00 price target (up previously from $548.00) on shares of Quanta Services in a report on Friday. B. Riley Financial lifted their price objective on Quanta Services from $450.00 to $565.00 and gave the company a “neutral” rating in a research report on Friday. DA Davidson increased their price target on shares of Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a research note on Friday. Cantor Fitzgerald boosted their price objective on shares of Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Roth Mkm reaffirmed a “buy” rating and set a $600.00 target price on shares of Quanta Services in a research note on Friday. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $537.05.

Quanta Services Stock Down 0.3%

NYSE PWR opened at $552.59 on Friday. The business’s 50-day moving average is $464.58 and its 200 day moving average is $434.36. The stock has a market capitalization of $82.68 billion, a PE ratio of 81.26, a PEG ratio of 2.68 and a beta of 1.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. Quanta Services has a 1 year low of $227.08 and a 1 year high of $565.93.

Quanta Services (NYSE:PWR) last released its quarterly earnings data 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. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The business had revenue of $7.84 billion during the quarter, compared to analysts’ expectations of $7.38 billion. During the same quarter last year, the business posted $2.94 EPS. The business’s revenue was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Sell-side analysts forecast that Quanta Services will post 9.34 earnings per share for the current year.

Hedge Funds Weigh In On Quanta Services

A number of hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Quanta Services in the fourth quarter worth approximately $817,285,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Quanta Services by 57.2% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock worth $917,009,000 after purchasing an additional 882,209 shares in the last quarter. Bank of America Corp DE raised its holdings 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 valued at $1,208,672,000 after acquiring an additional 765,822 shares during the period. Victory Capital Management Inc. lifted its position in shares of Quanta Services by 35.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock valued at $1,230,493,000 after acquiring an additional 758,862 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in shares of Quanta Services by 137.6% during the 4th quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock valued at $486,065,000 after purchasing an additional 667,050 shares during the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Quanta Services

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.

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.