Quanta Services (NYSE:PWR) Hits New 1-Year High on Analyst Upgrade

Quanta Services, Inc. (NYSE:PWR)’s share price hit a new 52-week high during trading on Tuesday after TD Cowen raised their price target on the stock from $425.00 to $570.00. TD Cowen currently has a buy rating on the stock. Quanta Services traded as high as $573.97 and last traded at $572.58, with a volume of 807775 shares traded. The stock had previously closed at $563.08.

A number of other research firms have also commented on PWR. Truist Financial reiterated a “buy” rating and set a $643.00 price target (up from $548.00) on shares of Quanta Services in a report on Friday, February 20th. B. Riley Financial increased their target price on shares of Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Robert W. Baird upped their price target on Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Argus lifted their price objective on Quanta Services from $540.00 to $650.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Finally, Sanford C. Bernstein boosted their target price on Quanta Services from $471.00 to $515.00 and gave the company a “market perform” rating in a research note on Tuesday, February 24th. Seventeen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $576.55.

Institutional Trading of Quanta Services

Hedge funds and other institutional investors have recently modified their holdings of the business. Arete Wealth Advisors LLC grew its holdings in Quanta Services by 2.2% in the fourth quarter. Arete Wealth Advisors LLC now owns 917 shares of the construction company’s stock worth $387,000 after purchasing an additional 20 shares during the period. Quantum Portfolio Management LLC grew its stake in shares of Quanta Services by 2.2% in the 4th quarter. Quantum Portfolio Management LLC now owns 946 shares of the construction company’s stock worth $399,000 after buying an additional 20 shares during the last quarter. Icon Wealth Advisors LLC increased its position in Quanta Services by 1.2% during the 4th quarter. Icon Wealth Advisors LLC now owns 1,733 shares of the construction company’s stock valued at $731,000 after buying an additional 21 shares in the last quarter. Sunburst Financial Group LLC raised its stake in Quanta Services by 2.0% during the fourth quarter. Sunburst Financial Group LLC now owns 1,147 shares of the construction company’s stock valued at $484,000 after buying an additional 22 shares during the last quarter. Finally, Spirepoint Private Client LLC boosted its holdings in Quanta Services by 2.0% in the fourth quarter. Spirepoint Private Client LLC now owns 1,107 shares of the construction company’s stock worth $467,000 after acquiring an additional 22 shares in the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Stock Performance

The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. The business has a 50 day moving average price of $483.43 and a 200 day moving average price of $443.24. The stock has a market capitalization of $84.65 billion, a PE ratio of 83.20, a PEG ratio of 2.62 and a beta of 1.10.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The company had revenue of $7.84 billion for the quarter, compared to analysts’ expectations of $7.38 billion. During the same quarter in the previous year, the business posted $2.94 EPS. Quanta Services’s revenue was up 19.7% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, equities research analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

About Quanta Services

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.