Quanta Services (NYSE:PWR) Stock Rating Lowered by Wall Street Zen

Quanta Services (NYSE:PWR) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also commented on PWR. UBS Group raised their price objective on shares of Quanta Services from $646.00 to $900.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Citigroup boosted their target price on shares of Quanta Services from $640.00 to $733.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Evercore raised their target price on Quanta Services from $635.00 to $800.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. BMO Capital Markets lifted their price target on Quanta Services from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Finally, Weiss Ratings lowered Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Seventeen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $745.55.

Quanta Services Price Performance

NYSE PWR opened at $626.03 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57. Quanta Services has a 1 year low of $363.01 and a 1 year high of $788.75. The company has a market cap of $93.94 billion, a PE ratio of 85.88, a PEG ratio of 2.46 and a beta of 1.21. The stock’s 50-day moving average price is $689.96 and its two-hundred day moving average price is $606.79.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, topping the consensus estimate of $2.04 by $0.64. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The company had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7 billion. During the same period last year, the company posted $1.78 earnings per share. The business’s revenue for the quarter was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, analysts predict that Quanta Services will post 12.8 EPS for the current year.

Quanta Services declared that its board has approved a share repurchase program on Friday, May 22nd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to buy up to 0.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity at Quanta Services

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $756.98, for a total value of $3,027,920.00. Following the completion of the sale, the chief accounting officer directly owned 8,080 shares in the company, valued at $6,116,398.40. The trade was a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the transaction, the chief executive officer owned 556,911 shares in the company, valued at approximately $429,183,462.15. This trade represents a 18.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 159,992 shares of company stock worth $123,244,714. Insiders own 0.60% of the company’s stock.

Institutional Trading of Quanta Services

Large investors have recently made changes to their positions in the stock. Ballast Inc. acquired a new position in shares of Quanta Services during the 2nd quarter valued at about $451,000. Tema ETFs LLC lifted its holdings in Quanta Services by 58.1% in the 2nd quarter. Tema ETFs LLC now owns 62,648 shares of the construction company’s stock worth $45,109,000 after purchasing an additional 23,024 shares during the last quarter. Fulcrum Equity Management bought a new stake in Quanta Services during the second quarter worth approximately $276,000. Wealthcare Advisory Partners LLC grew its holdings in Quanta Services by 10.9% during the second quarter. Wealthcare Advisory Partners LLC now owns 611 shares of the construction company’s stock valued at $440,000 after purchasing an additional 60 shares during the last quarter. Finally, Revolve Wealth Partners LLC bought a new position in shares of Quanta Services in the second quarter valued at approximately $244,000. 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.