Quanta Services (NYSE:PWR) Hits New 12-Month High – What’s Next?

Quanta Services, Inc. (NYSE:PWR) reached a new 52-week high on Tuesday . The stock traded as high as $578.40 and last traded at $574.7230, with a volume of 74846 shares trading hands. The stock had previously closed at $574.02.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Argus raised their price target on shares of Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. TD Cowen raised their target price on shares of Quanta Services from $425.00 to $570.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Jefferies Financial Group upped their price target on shares of Quanta Services from $506.00 to $634.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. JPMorgan Chase & Co. boosted their price objective on Quanta Services from $515.00 to $627.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Finally, Cantor Fitzgerald increased their price objective on shares of Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Seventeen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $576.55.

Quanta Services Stock Down 0.5%

The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. The company has a market capitalization of $85.41 billion, a PE ratio of 83.93, a P/E/G ratio of 2.54 and a beta of 1.10. The firm has a fifty day simple moving average of $507.05 and a 200-day simple moving average of $454.73.

Quanta Services (NYSE:PWR) last issued its quarterly 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 business had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.38 billion. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The business’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Equities research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Institutional Trading of Quanta Services

Several institutional investors have recently added to or reduced their stakes in PWR. Lansforsakringar Fondforvaltning AB publ lifted its position in Quanta Services by 5.4% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock valued at $19,316,000 after purchasing an additional 2,375 shares during the last quarter. Mediolanum International Funds Ltd increased its stake in shares of Quanta Services by 15.5% in the second quarter. Mediolanum International Funds Ltd now owns 33,158 shares of the construction company’s stock valued at $12,642,000 after purchasing an additional 4,451 shares during the period. Calamos Advisors LLC boosted its position in shares of 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 period. Chilton Capital Management LLC increased its position in Quanta Services by 63.3% in the 3rd quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock valued at $69,016,000 after acquiring an additional 64,560 shares during the period. Finally, Exchange Traded Concepts LLC raised its stake in Quanta Services by 59.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock valued at $18,397,000 after acquiring an additional 16,637 shares in the last quarter. Institutional investors 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.