Quanta Services (NYSE:PWR) Reaches New 52-Week High – Should You Buy?

Quanta Services, Inc. (NYSE:PWR)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $447.17 and last traded at $443.38, with a volume of 149208 shares changing hands. The stock had previously closed at $427.36.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Mizuho assumed coverage on shares of Quanta Services in a research report on Thursday, September 4th. They set a “neutral” rating and a $360.00 target price on the stock. BMO Capital Markets downgraded Quanta Services from an “outperform” rating to a “market perform” rating and upped their target price for the company from $352.00 to $400.00 in a research report on Thursday, July 17th. Daiwa America cut Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Sanford C. Bernstein lowered Quanta Services from an “outperform” rating to a “market perform” rating and set a $410.00 price objective on the stock. in a report on Monday, July 28th. Finally, TD Cowen lifted their target price on Quanta Services from $355.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Fourteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and an average price target of $411.59.

Quanta Services Trading Up 3.2%

The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. The firm has a market cap of $65.73 billion, a price-to-earnings ratio of 68.28, a PEG ratio of 2.61 and a beta of 1.04. The company has a fifty day moving average price of $401.36 and a 200-day moving average price of $368.20.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.44 by $0.04. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same period last year, the company earned $1.90 earnings per share. Quanta Services’s revenue for the quarter was up 21.1% compared to the same quarter last year. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. As a group, research analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Wednesday, October 1st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Wednesday, October 1st. Quanta Services’s payout ratio is currently 6.19%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new position in shares of Quanta Services in the 4th quarter valued at about $298,000. Golden State Wealth Management LLC increased its position in shares of Quanta Services by 123.7% in the first quarter. Golden State Wealth Management LLC now owns 1,246 shares of the construction company’s stock valued at $317,000 after buying an additional 689 shares in the last quarter. Western Wealth Management LLC raised its stake in shares of Quanta Services by 4.0% during the 1st quarter. Western Wealth Management LLC now owns 1,786 shares of the construction company’s stock worth $454,000 after buying an additional 68 shares during the period. PDS Planning Inc lifted its position in shares of Quanta Services by 12.2% during the 1st quarter. PDS Planning Inc now owns 895 shares of the construction company’s stock valued at $227,000 after buying an additional 97 shares in the last quarter. Finally, Oakworth Capital Inc. grew its stake in Quanta Services by 35.5% in the 1st quarter. Oakworth Capital Inc. now owns 611 shares of the construction company’s stock valued at $155,000 after acquiring an additional 160 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Company Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company’s Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.