Quanta Services (NYSE:PWR) Shares Down 4% – Time to Sell?

Quanta Services, Inc. (NYSE:PWR)’s share price was down 4% on Tuesday. The stock traded as low as $587.23 and last traded at $593.9690. 668,935 shares were traded during mid-day trading, a decline of 40% from the average session volume of 1,121,175 shares. The stock had previously closed at $618.41.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on PWR shares. Deutsche Bank Aktiengesellschaft downgraded Quanta Services to a “sell” rating in a report on Friday, July 31st. Cantor Fitzgerald reissued an “overweight” rating and set a $862.00 target price on shares of Quanta Services in a research report on Monday, October 5th. Zacks Research cut shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Mizuho set a $684.00 price objective on shares of Quanta Services in a research note on Wednesday, October 7th. Finally, Citigroup boosted their price target on Quanta Services from $837.00 to $871.00 and gave the company a “buy” rating in a report on Friday, July 31st. Twenty-three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $763.04.

Quanta Services Price Performance

The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10. The business’s 50 day simple moving average is $648.72 and its 200-day simple moving average is $663.57. The stock has a market capitalization of $89.68 billion, a price-to-earnings ratio of 68.27, a price-to-earnings-growth ratio of 1.87 and a beta of 1.27.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, beating the consensus estimate of $3.31 by $0.93. The company had revenue of $9.56 billion for the quarter, compared to analyst estimates of $8.61 billion. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. Quanta Services’s revenue was up 41.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.48 earnings per share. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Research analysts anticipate that Quanta Services, Inc. will post 15.37 earnings per share for the current year.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 1st were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, October 1st. Quanta Services’s dividend payout ratio is 5.04%.

Institutional Trading of Quanta Services

Several hedge funds have recently added to or reduced their stakes in PWR. Bartlett & CO. Wealth Management LLC grew its position in shares of Quanta Services by 2.6% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 513 shares of the construction company’s stock worth $282,000 after buying an additional 13 shares during the last quarter. Pincus Capital Management LP boosted its stake in Quanta Services by 0.4% during the first quarter. Pincus Capital Management LP now owns 3,690 shares of the construction company’s stock worth $2,026,000 after buying an additional 15 shares during the last quarter. SouthState Bank Corp increased its position in Quanta Services by 23.5% during the first quarter. SouthState Bank Corp now owns 84 shares of the construction company’s stock worth $46,000 after purchasing an additional 16 shares during the last quarter. Lewis Asset Management LLC raised its position in shares of Quanta Services by 2.5% during the 1st quarter. Lewis Asset Management LLC now owns 692 shares of the construction company’s stock valued at $380,000 after buying an additional 17 shares during the period. Finally, Stiles Financial Services Inc grew its holdings in shares of Quanta Services by 1.8% during the 1st quarter. Stiles Financial Services Inc now owns 987 shares of the construction company’s stock worth $542,000 after purchasing an additional 17 shares during the period. Institutional investors own 90.49% of the company’s stock.

Quanta Services Company Profile

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company designs, installs, repairs, maintains and upgrades essential infrastructure for the electric power, communications, pipeline, industrial and energy industries.

Its services include electric transmission and distribution construction, substation and renewable-energy infrastructure, storm restoration, fiber-optic and wireless communications networks, natural gas and pipeline construction, and related engineering and maintenance work.