Citigroup Issues Positive Forecast for Quanta Services (NYSE:PWR) Stock Price

Quanta Services (NYSE:PWR) had its target price hoisted by Citigroup from $871.00 to $882.00 in a research note published on Friday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

A number of other research analysts have also recently issued reports on the stock. Mizuho set a $684.00 price objective on shares of Quanta Services in a report on Wednesday, October 7th. Argus set a $800.00 target price on shares of Quanta Services in a report on Wednesday, August 5th. Robert W. Baird set a $728.00 price target on shares of Quanta Services in a research report on Friday, July 31st. Morgan Stanley downgraded Quanta Services to an “underweight” rating in a research note on Monday, August 3rd. Finally, Raymond James Financial set a $830.00 price objective on Quanta Services in a report on Thursday. Twenty-three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and an average target price of $766.62.

Quanta Services Price Performance

Shares of PWR opened at $620.50 on Friday. The business’s fifty day moving average is $632.80 and its 200 day moving average is $623.16. Quanta Services has a 12-month low of $408.36 and a 12-month high of $788.75. The company has a quick ratio of 1.05, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. The stock has a market cap of $93.29 billion, a P/E ratio of 56.20, a P/E/G ratio of 1.88 and a beta of 1.27.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, October 29th. The construction company reported $6.06 EPS for the quarter, beating analysts’ consensus estimates of $5.02 by $1.04. Quanta Services had a net margin of 4.51% and a return on equity of 23.56%. The business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $11.03 billion. During the same quarter in the previous year, the business posted $3.33 EPS. Quanta Services’s quarterly revenue was up 57.4% on a year-over-year basis. Sell-side analysts anticipate that Quanta Services will post 15.36 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 1st were issued a dividend of $0.11 per share. The ex-dividend date was Thursday, October 1st. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s payout ratio is 5.04%.

Institutional Investors Weigh In On Quanta Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in PWR. Boreal Capital Management LLC bought a new stake in shares of Quanta Services in the first quarter valued at $27,000. Cornerstone Financial Management LLC grew its stake in shares of Quanta Services by 70.4% during the 2nd quarter. Cornerstone Financial Management LLC now owns 46 shares of the construction company’s stock worth $33,000 after acquiring an additional 19 shares during the period. JNBA Financial Advisors grew its stake in shares of Quanta Services by 1,733.3% during the 2nd quarter. JNBA Financial Advisors now owns 55 shares of the construction company’s stock worth $40,000 after acquiring an additional 52 shares during the period. SouthState Bank Corp increased its holdings in Quanta Services by 23.5% in the 1st quarter. SouthState Bank Corp now owns 84 shares of the construction company’s stock worth $46,000 after acquiring an additional 16 shares during the last quarter. Finally, MADDEN SECURITIES Corp purchased a new stake in Quanta Services in the 3rd quarter worth about $48,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Key Stories Impacting Quanta Services

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

• Positive Sentiment: Record results beat expectations. Quanta reported third-quarter revenue of $12.01 billion, up 57.4% year over year and above the $11.03 billion consensus estimate. Adjusted diluted EPS was $6.06, exceeding expectations of approximately $5.02-$5.03 and rising from $3.33 a year earlier. Quanta Services Reports Third Quarter 2026 Results
• Positive Sentiment: Demand and visibility remain strong. Electric infrastructure activity helped drive results, while total backlog reached a record $63.7 billion and remaining performance obligations totaled $41.8 billion. Operating cash flow was $1.5 billion and free cash flow was $1.2 billion. PWR Q3 Earnings Beat on Electric Strength
• Positive Sentiment: Management raised its 2026 outlook. The company now expects full-year revenue of $41.3 billion to $41.6 billion and diluted EPS of $12.57 to $12.97, reflecting confidence in continued infrastructure spending and execution.
• Neutral Sentiment: Technical momentum is mixed. Reports noted that PWR broke above its 200-day moving average, a potentially bullish signal, although the share price has since moved back near that level. Technical traders may view the move as either a confirmation of long-term strength or a possible “sell-the-news” setup. Quanta Services Shares Break Above 200-Day Moving Average
• Negative Sentiment: Valuation and insider selling may be limiting upside. PWR trades at roughly 71 times earnings, leaving the stock vulnerable to profit-taking even after the earnings beat. Separately, reported insider activity showed substantial selling and no insider purchases during the past six months, which may add to investor caution.

About Quanta Services

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company designs, installs, repairs, maintains and upgrades essential infrastructure for the electric power, communications, pipeline, industrial and energy industries.

Its services include electric transmission and distribution construction, substation and renewable-energy infrastructure, storm restoration, fiber-optic and wireless communications networks, natural gas and pipeline construction, and related engineering and maintenance work.