Quanta Services (NYSE:PWR) Given New $713.00 Price Target at Truist Financial

Quanta Services (NYSE:PWR) had its price objective raised by Truist Financial from $643.00 to $713.00 in a research report sent to investors on Monday morning, Marketbeat reports. Truist Financial currently has a buy rating on the construction company’s stock.

Several other equities research analysts also recently commented on PWR. BNP Paribas Exane began coverage on Quanta Services in a report on Tuesday, April 14th. They set a “neutral” rating on the stock. Roth Mkm raised their price objective on Quanta Services from $600.00 to $650.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Bank of America raised their price objective on Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, February 20th. B. Riley Financial raised their price objective on Quanta Services from $450.00 to $565.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Finally, Sanford C. Bernstein raised their price objective on Quanta Services from $515.00 to $538.00 in a research note on Wednesday, April 1st. Eighteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $599.00.

Quanta Services Stock Performance

Shares of NYSE:PWR opened at $604.89 on Monday. The company has a market cap of $90.77 billion, a P/E ratio of 88.95, a PEG ratio of 2.74 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. Quanta Services has a one year low of $251.04 and a one year high of $607.26. The business’s 50-day simple moving average is $560.81 and its 200 day simple moving average is $486.71.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, beating the consensus estimate of $3.02 by $0.14. The business had revenue of $7.84 billion for the quarter, compared to the consensus estimate 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 period last year, the business posted $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, sell-side analysts forecast that Quanta Services will post 11.94 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd were given a $0.11 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is presently 6.47%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PWR. Cedar Mountain Advisors LLC lifted its holdings in shares of Quanta Services by 321.4% in the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after purchasing an additional 45 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in Quanta Services during the 2nd quarter valued at $26,000. Activest Wealth Management raised its stake in shares of Quanta Services by 94.1% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after buying an additional 32 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Quanta Services in the 4th quarter worth $28,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of Quanta Services by 213.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock worth $30,000 after buying an additional 49 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

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.