Quanta Services (NYSE:PWR) Hits New 52-Week High – What’s Next?

Quanta Services, Inc. (NYSE:PWR)’s share price hit a new 52-week high on Wednesday . The company traded as high as $570.92 and last traded at $569.21, with a volume of 1289961 shares. The stock had previously closed at $549.11.

Analyst Ratings Changes

A number of brokerages have issued reports on PWR. Mizuho raised their price target on Quanta Services from $424.00 to $537.00 and gave the stock a “neutral” rating in a research note on Tuesday. DA Davidson increased their price objective on shares of Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Robert W. Baird boosted their target price on shares of Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Finally, Wolfe Research boosted their price objective on shares of Quanta Services from $477.00 to $576.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $562.95.

Quanta Services Stock Performance

The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. The firm has a market cap of $84.43 billion, a PE ratio of 82.99, a P/E/G ratio of 2.58 and a beta of 1.15. The stock’s 50 day moving average price is $475.30 and its 200 day moving average price is $438.55.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The firm had revenue of $7.84 billion during the quarter, compared to analysts’ expectations of $7.38 billion. During the same period in the prior year, the company earned $2.94 EPS. The firm’s revenue was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, equities analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Quanta Services

A number of institutional investors and hedge funds have recently bought and sold shares of PWR. Lansforsakringar Fondforvaltning AB publ grew its position in Quanta Services by 5.4% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock worth $19,316,000 after buying an additional 2,375 shares during the last quarter. Mediolanum International Funds Ltd boosted its stake in shares of Quanta Services by 15.5% during the 2nd quarter. Mediolanum International Funds Ltd now owns 33,158 shares of the construction company’s stock worth $12,642,000 after acquiring an additional 4,451 shares in the last quarter. Calamos Advisors LLC grew its holdings in shares of Quanta Services by 17.1% in the 3rd quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock worth $43,680,000 after acquiring an additional 15,388 shares during the last quarter. Chilton Capital Management LLC raised its position in shares of Quanta Services by 63.3% during the third quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock worth $69,016,000 after purchasing an additional 64,560 shares during the period. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Quanta Services by 59.9% during the third quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock valued at $18,397,000 after purchasing an additional 16,637 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

About Quanta Services

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.