Analysts Set Quanta Services, Inc. (NYSE:PWR) Price Target at $767.21

Shares of Quanta Services, Inc. (NYSE:PWR) have been assigned a consensus rating of “Moderate Buy” from the thirty-two analysts that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, twenty-one have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $769.25.

PWR has been the subject of several recent research reports. Mizuho lifted their price target on Quanta Services from $659.00 to $741.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Oppenheimer upgraded Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price objective on the stock in a research report on Thursday, May 28th. Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Citigroup boosted their target price on shares of Quanta Services from $837.00 to $871.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Quanta Services to a “sell” rating in a report on Friday, July 31st.

Hedge Funds Weigh In On Quanta Services

Several institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank purchased a new position in Quanta Services during the fourth quarter worth approximately $817,285,000. Victory Capital Management Inc. increased 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 buying an additional 758,862 shares in the last quarter. Corient Private Wealth LLC raised its stake 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 worth $486,065,000 after buying an additional 667,050 shares during the period. Sands Capital Management LLC acquired a new position in shares of Quanta Services during the 4th quarter worth approximately $243,485,000. Finally, Select Equity Group L.P. lifted its position in shares of Quanta Services by 69.3% during the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock valued at $384,554,000 after buying an additional 416,395 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Up 2.0%

NYSE PWR opened at $685.99 on Wednesday. The company has a market capitalization of $103.13 billion, a PE ratio of 78.58, a P/E/G ratio of 2.21 and a beta of 1.23. The company has a fifty day moving average of $672.18 and a 200 day moving average of $627.60. Quanta Services has a 1 year low of $363.01 and a 1 year high of $788.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.93. The company had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The firm’s revenue for the quarter was up 41.1% compared to the same quarter last year. During the same period last year, the firm earned $2.48 EPS. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Research analysts forecast that Quanta Services will post 15.33 earnings per share for the current year.

Quanta Services announced that its board has initiated a stock repurchase program on Friday, May 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to purchase up to 0.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, July 1st. Quanta Services’s dividend payout ratio is presently 5.04%.

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.