Quanta Services, Inc. (NYSE:PWR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Quanta Services, Inc. (NYSE:PWR) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-four ratings firms that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and eighteen have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $595.50.

A number of equities research analysts have issued reports on PWR shares. Jefferies Financial Group upped their target price on Quanta Services from $634.00 to $654.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Evercore upped their target price on Quanta Services from $604.00 to $635.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. Citigroup upped their target price on Quanta Services from $540.00 to $640.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. The Goldman Sachs Group upped their target price on Quanta Services from $495.00 to $685.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Finally, Bank of America upped their price target on Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, February 20th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PWR. Lansforsakringar Fondforvaltning AB publ boosted its holdings in Quanta Services by 5.4% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock worth $19,316,000 after buying an additional 2,375 shares during the last quarter. Calamos Advisors LLC boosted its holdings in Quanta Services by 17.1% during the third quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock worth $43,680,000 after buying an additional 15,388 shares during the last quarter. Chilton Capital Management LLC boosted its holdings in Quanta Services by 63.3% during the third quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock worth $69,016,000 after buying an additional 64,560 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Quanta Services by 59.9% during the third quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock worth $18,397,000 after buying an additional 16,637 shares during the last quarter. Finally, Atria Investments Inc boosted its holdings in Quanta Services by 20.4% during the third quarter. Atria Investments Inc now owns 13,818 shares of the construction company’s stock worth $5,727,000 after buying an additional 2,340 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Up 3.7%

Shares of Quanta Services stock opened at $576.23 on Thursday. The stock has a market capitalization of $86.22 billion, a P/E ratio of 84.74, a PEG ratio of 2.55 and a beta of 1.10. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average price of $543.65 and a two-hundred day moving average price of $475.73. Quanta Services has a 12-month low of $241.62 and a 12-month high of $583.73.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.14. The firm had revenue of $7.84 billion during the quarter, compared to analysts’ expectations of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The company’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.94 earnings per share. 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.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.11 per share. The ex-dividend date is Thursday, April 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services’s payout ratio is 6.47%.

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.