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

Shares of Quanta Services, Inc. (NYSE:PWR) have been assigned an average rating of “Moderate Buy” from the thirty-three research firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, twenty-one have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $767.72.

PWR has been the subject of a number of research reports. Robert W. Baird set a $728.00 price objective on Quanta Services in a report on Friday, July 31st. Guggenheim raised shares of Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 target price on the stock in a report on Friday, July 31st. KeyCorp raised Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 price target for the company in a report on Friday, August 7th. Weiss Ratings upgraded Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Finally, Zacks Research raised shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th.

Institutional Trading of Quanta Services

Institutional investors and hedge funds have recently made changes to their positions in the company. ABS Direct Equity Fund LLC bought a new position in shares of Quanta Services in the 2nd quarter valued at $518,000. Sequoia Financial Advisors LLC boosted its position in Quanta Services by 5.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 135,883 shares of the construction company’s stock worth $97,841,000 after buying an additional 7,039 shares during the period. Van Hulzen Asset Management LLC lifted its holdings in shares of Quanta Services by 11.6% during the second quarter. Van Hulzen Asset Management LLC now owns 863 shares of the construction company’s stock worth $621,000 after purchasing an additional 90 shares during the period. National Pension Service lifted its holdings in Quanta Services by 9.0% during the 2nd quarter. National Pension Service now owns 311,932 shares of the construction company’s stock worth $224,604,000 after buying an additional 25,875 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in Quanta Services in the second quarter valued at approximately $1,066,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Up 5.1%

NYSE:PWR opened at $649.99 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average price of $645.78 and a two-hundred day moving average price of $645.99. Quanta Services has a 1 year low of $373.39 and a 1 year high of $788.75. The stock has a market cap of $97.72 billion, a price-to-earnings ratio of 74.46, a PEG ratio of 2.13 and a beta of 1.20.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, topping the consensus estimate of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. During the same period last year, the company posted $2.48 EPS. The business’s quarterly revenue was up 41.1% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. As a group, equities analysts expect that Quanta Services will post 15.35 earnings per share for the current year.

Quanta Services declared that its board has approved a share buyback program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 0.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Quanta Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Thursday, October 1st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s dividend payout ratio is currently 5.04%.

About Quanta Services

Quanta Services, Inc is an infrastructure solutions provider serving the electric power, communications, pipeline, industrial and renewable energy industries. The company designs, installs, repairs and maintains infrastructure used to generate, transmit and distribute electricity, as well as systems that support telecommunications, natural gas and other energy-related activities.

Its services include engineering, procurement and construction; utility and substation work; transmission and distribution projects; storm restoration; fiber-optic and wireless network deployment; pipeline construction and maintenance; and development of renewable energy and energy storage infrastructure.