Quanta Services, Inc. (NYSE:PWR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Quanta Services, Inc. (NYSE:PWR) has earned an average recommendation of “Moderate Buy” from the thirty-three analysts that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, twenty have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $767.72.

PWR has been the subject of a number of research reports. Morgan Stanley lowered shares of Quanta Services to an “underweight” rating in a research note on Monday, August 3rd. Benchmark lowered Quanta Services to a “sell” rating in a report on Friday, July 31st. Jefferies Financial Group reiterated a “buy” rating and set a $833.00 price objective on shares of Quanta Services in a research report on Thursday, August 13th. UBS Group reissued a “buy” rating on shares of Quanta Services in a report on Monday, August 17th. Finally, Citigroup boosted their price target on Quanta Services from $837.00 to $871.00 and gave the company a “buy” rating in a research note on Friday, July 31st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. ABS Direct Equity Fund LLC purchased a new position in shares of Quanta Services during the 2nd quarter worth $518,000. Sequoia Financial Advisors LLC increased its stake in shares of Quanta Services by 5.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 135,883 shares of the construction company’s stock worth $97,841,000 after purchasing an additional 7,039 shares in the last quarter. Van Hulzen Asset Management LLC raised its holdings in Quanta Services by 11.6% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 863 shares of the construction company’s stock worth $621,000 after purchasing an additional 90 shares during the period. National Pension Service lifted its position in Quanta Services by 9.0% during the second quarter. National Pension Service now owns 311,932 shares of the construction company’s stock valued at $224,604,000 after purchasing an additional 25,875 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in Quanta Services during the second quarter valued at about $1,066,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $618.90 on Friday. The firm’s 50-day moving average price is $646.13 and its 200-day moving average price is $645.96. Quanta Services has a 52-week low of $373.39 and a 52-week high of $788.75. The company has a market cap of $93.05 billion, a PE ratio of 70.89, a PEG ratio of 2.05 and a beta of 1.20. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56.

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

Quanta Services Dividend Announcement

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

Quanta Services announced that its Board of Directors has initiated a stock repurchase plan on Friday, May 22nd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to purchase up to 0.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

About Quanta Services

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.