Quanta Services (NYSE:PWR) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Quanta Services (NYSE:PWR) from a buy rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Several other brokerages have also issued reports on PWR. BTIG Research lowered Quanta Services to a “hold” rating in a report on Friday, July 31st. Benchmark lowered shares of Quanta Services to a “sell” rating in a research report on Friday, July 31st. KeyCorp upgraded shares of Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 target price for the company in a research note on Friday, August 7th. CICC Research started coverage on shares of Quanta Services in a research report on Thursday, May 21st. They issued an “outperform” rating and a $872.00 target price for the company. Finally, Robert W. Baird set a $728.00 price target on shares of Quanta Services in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $767.72.

Quanta Services Trading 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. Quanta Services has a 1-year low of $373.39 and a 1-year high of $788.75. The firm’s fifty day simple moving average is $645.78 and its 200-day simple moving average is $645.99. The company has a market capitalization of $97.72 billion, a PE ratio of 74.46, a price-to-earnings-growth ratio of 2.13 and a beta of 1.20.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The firm had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $8.61 billion. During the same quarter last year, the firm earned $2.48 earnings per share. The business’s revenue for the quarter 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, sell-side analysts anticipate that Quanta Services will post 15.35 earnings per share for the current fiscal year.

Quanta Services declared that its Board of Directors has initiated 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 buy up to 0.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Thursday, October 1st will be paid a $0.11 dividend. The ex-dividend date is Thursday, October 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is presently 5.04%.

Institutional Trading of Quanta Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC acquired a new stake in Quanta Services during the fourth quarter worth about $298,000. Woodline Partners LP lifted its position in shares of Quanta Services by 40.7% in the 1st quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after acquiring an additional 3,606 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of Quanta Services in the 2nd quarter worth approximately $4,632,000. Marshall Wace LLP acquired a new stake in shares of Quanta Services during the 2nd quarter worth approximately $996,000. Finally, StoneX Group Inc. bought a new stake in shares of Quanta Services during the second quarter valued at approximately $204,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Company Profile

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.