Quanta Services, Inc. (NYSE:PWR) Stock Has Consensus Target Price of $768.12 According to Brokerages

Quanta Services, Inc. (NYSE:PWR) has been given an average recommendation of “Moderate Buy” by the thirty-three research firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, twenty-two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $765.32.

PWR has been the subject of a number of research reports. Truist Financial reduced their price objective on Quanta Services from $976.00 to $945.00 and set a “buy” rating for the company in a research report on Monday. Mizuho upped their target price on Quanta Services from $659.00 to $741.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Piper Sandler decreased their price target on shares of Quanta Services from $731.00 to $714.00 and set an “overweight” rating on the stock in a research note on Monday, September 28th. Benchmark lowered shares of Quanta Services to a “sell” rating in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft cut shares of Quanta Services to a “sell” rating in a research note on Friday, July 31st.

Institutional Investors Weigh In On Quanta Services

Several large investors have recently modified their holdings of PWR. Cetera Investment Advisers grew its holdings in Quanta Services by 5.8% during the 1st quarter. Cetera Investment Advisers now owns 74,134 shares of the construction company’s stock worth $40,701,000 after acquiring an additional 4,087 shares during the last quarter. Vise Technologies Inc. raised its stake in shares of Quanta Services by 20.3% in the fourth quarter. Vise Technologies Inc. now owns 5,128 shares of the construction company’s stock worth $2,164,000 after acquiring an additional 866 shares during the last quarter. Sands Capital Management LLC acquired a new position in shares of Quanta Services during the fourth quarter worth approximately $243,485,000. State Street Corp grew its stake in shares of Quanta Services by 4.7% during the second quarter. State Street Corp now owns 6,581,807 shares of the construction company’s stock valued at $4,739,164,000 after purchasing an additional 296,893 shares during the last quarter. Finally, Aptus Capital Advisors LLC increased its holdings in shares of Quanta Services by 9.5% in the fourth quarter. Aptus Capital Advisors LLC now owns 60,643 shares of the construction company’s stock valued at $25,595,000 after purchasing an additional 5,245 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Stock Performance

NYSE PWR opened at $685.07 on Thursday. The company’s fifty day moving average is $644.47 and its two-hundred day moving average is $655.52. Quanta Services has a 52-week low of $404.51 and a 52-week high of $788.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05. The firm has a market capitalization of $102.99 billion, a price-to-earnings ratio of 78.47, a P/E/G ratio of 2.00 and a beta of 1.27.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The business had revenue of $9.56 billion during the quarter, compared to analyst estimates of $8.61 billion. During the same quarter in the prior year, the business earned $2.48 earnings per share. The firm’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. Equities research analysts forecast that Quanta Services will post 15.37 EPS for the current year.

Quanta Services Dividend Announcement

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

Quanta Services Company Profile

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company delivers design, engineering, procurement, construction, repair and maintenance services for critical infrastructure across the electric power, energy and communications industries.

Quanta’s electric power operations support transmission and distribution networks, substations, renewable energy projects and related grid infrastructure. Its energy services include work on natural gas and other pipeline systems, utility infrastructure, industrial facilities and energy transition projects.