Quanta Services, Inc. (NYSE:PWR) Receives $650.73 Average PT from Brokerages

Quanta Services, Inc. (NYSE:PWRGet Free Report) has earned an average rating of “Moderate Buy” from the twenty-five ratings firms that are currently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and seventeen have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $695.7273.

A number of equities analysts have recently commented on the company. B. Riley Financial reissued a “neutral” rating on shares of Quanta Services in a research report on Friday, May 1st. The Goldman Sachs Group boosted their price objective on Quanta Services from $685.00 to $826.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Truist Financial set a $851.00 price objective on Quanta Services in a research report on Friday, May 1st. Robert W. Baird boosted their price objective on Quanta Services from $606.00 to $777.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Finally, Sanford C. Bernstein upped their price target on Quanta Services from $538.00 to $725.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th.

Check Out Our Latest Report on Quanta Services

Quanta Services Stock Down 0.1%

Shares of PWR opened at $744.55 on Monday. The firm has a market cap of $111.73 billion, a P/E ratio of 102.13, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24. Quanta Services has a 12-month low of $320.56 and a 12-month high of $788.75. The company’s 50-day moving average price is $591.73 and its 200 day moving average price is $505.56. 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 (NYSE:PWRGet Free Report) last released its earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.64. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The company had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7 billion. During the same period in the previous year, the company posted $1.78 EPS. Quanta Services’s revenue was up 26.3% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, sell-side analysts forecast that Quanta Services will post 12.84 earnings per share for the current year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Thursday, April 2nd were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, April 2nd. Quanta Services’s dividend payout ratio is 6.04%.

Key Quanta Services News

Here are the key news stories impacting Quanta Services this week:

Insider Buying and Selling

In other Quanta Services news, CEO Earl C. Jr. Austin sold 25,992 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $770.71, for a total value of $20,032,294.32. Following the completion of the sale, the chief executive officer owned 16,508 shares in the company, valued at approximately $12,722,880.68. The trade was a 61.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of the business’s 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 owned 8,080 shares of the company’s stock, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 159,992 shares of company stock valued at $123,244,714. 0.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Quanta Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC raised its stake in shares of Quanta Services by 2.6% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 513 shares of the construction company’s stock worth $282,000 after purchasing an additional 13 shares during the last quarter. SouthState Bank Corp raised its stake in shares of Quanta Services by 23.5% during the first quarter. SouthState Bank Corp now owns 84 shares of the construction company’s stock worth $46,000 after purchasing an additional 16 shares during the last quarter. Lewis Asset Management LLC raised its stake in shares of Quanta Services by 2.5% during the first quarter. Lewis Asset Management LLC now owns 692 shares of the construction company’s stock worth $380,000 after purchasing an additional 17 shares during the last quarter. Stiles Financial Services Inc raised its stake in shares of Quanta Services by 1.8% during the first quarter. Stiles Financial Services Inc now owns 987 shares of the construction company’s stock worth $542,000 after purchasing an additional 17 shares during the last quarter. Finally, Ethos Financial Group LLC raised its stake in shares of Quanta Services by 1.8% during the first quarter. Ethos Financial Group LLC now owns 1,064 shares of the construction company’s stock worth $584,000 after purchasing an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Quanta Services (NYSE:PWR)

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