Quanta Services, Inc. (NYSE:PWR) Receives Average Rating of “Moderate Buy” from Analysts

Quanta Services, Inc. (NYSE:PWR) has earned a consensus rating of “Moderate Buy” from the twenty-seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, nineteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $733.8696.

Several analysts have recently weighed in on PWR shares. Roth Mkm lifted their price objective on shares of Quanta Services from $600.00 to $650.00 and gave the company a “buy” rating in a research note on Monday, April 6th. UBS Group lifted their price objective on shares of Quanta Services from $646.00 to $900.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Robert W. Baird lifted their price objective on shares of Quanta Services from $606.00 to $777.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Weiss Ratings raised Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 20th. Finally, B. Riley Financial reaffirmed a “neutral” rating on shares of Quanta Services in a research report on Friday, May 1st.

Insider Buying and Selling

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the company’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 transaction of $3,027,920.00. Following the transaction, the chief accounting officer owned 8,080 shares in the company, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the completion of the transaction, the chief executive officer owned 556,911 shares in the company, valued at $429,183,462.15. The trade was a 18.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 159,992 shares of company stock valued at $123,244,714. 0.60% of the stock is owned by corporate insiders.

Institutional Trading of Quanta Services

A number of hedge funds have recently added to or reduced their stakes in PWR. Boreal Capital Management LLC purchased a new position in Quanta Services during the 1st quarter worth approximately $27,000. Cedar Mountain Advisors LLC lifted its holdings in shares of Quanta Services by 321.4% during the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after buying an additional 45 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Quanta Services during the 4th quarter valued at about $28,000. Darwin Wealth Management LLC acquired a new stake in shares of Quanta Services during the 2nd quarter valued at about $26,000. Finally, MV Capital Management Inc. acquired a new stake in shares of Quanta Services during the 4th quarter valued at about $30,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Price Performance

PWR opened at $686.73 on Tuesday. The company has a fifty day moving average price of $702.52 and a two-hundred day moving average price of $574.40. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14. Quanta Services has a 52 week low of $363.01 and a 52 week high of $788.75. The firm has a market capitalization of $103.05 billion, a PE ratio of 94.20, a P/E/G ratio of 2.71 and a beta of 1.20.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.64. The firm had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The business’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period last year, the business posted $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, analysts anticipate that Quanta Services will post 12.81 earnings per share for the current year.

Quanta Services declared that its Board of Directors has initiated a stock buyback program on Friday, May 22nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Wednesday, July 1st will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is currently 6.04%.

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.