Brokerages Set Quanta Services, Inc. (NYSE:PWR) Target Price at $733.87

Quanta Services, Inc. (NYSE:PWR) has been given a consensus recommendation of “Moderate Buy” by the twenty-seven analysts that are covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $733.8696.

Several brokerages have recently issued reports on PWR. Weiss Ratings raised Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 20th. Argus raised their price target on Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Citigroup lifted their price objective on Quanta Services from $640.00 to $733.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. TD Cowen upped their price objective on Quanta Services from $570.00 to $775.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Evercore raised their target price on shares of Quanta Services from $635.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, May 1st.

Insider Transactions at Quanta Services

In other news, CEO Earl C. Jr. Austin sold 25,992 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the sale, the chief executive officer directly owned 16,508 shares in the company, valued at approximately $12,722,880.68. This represents a 61.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Paul Nobel sold 4,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief accounting officer directly owned 8,080 shares of the company’s stock, valued at approximately $6,116,398.40. The trade was a 33.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 159,992 shares of company stock worth $123,244,714. Insiders own 0.60% of the company’s stock.

Institutional Trading of Quanta Services

A number of institutional investors have recently bought and sold shares of the stock. Bartlett & CO. Wealth Management LLC lifted its position in shares of Quanta Services by 2.6% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 513 shares of the construction company’s stock worth $282,000 after buying an additional 13 shares during the last quarter. Pincus Capital Management LP increased its holdings in shares of Quanta Services by 0.4% during the 1st quarter. Pincus Capital Management LP now owns 3,690 shares of the construction company’s stock valued at $2,026,000 after acquiring an additional 15 shares during the last quarter. SouthState Bank Corp raised its stake in shares of Quanta Services by 23.5% in the 1st quarter. SouthState Bank Corp now owns 84 shares of the construction company’s stock valued at $46,000 after acquiring an additional 16 shares in the last quarter. Lewis Asset Management LLC lifted its holdings in Quanta Services by 2.5% in the 1st quarter. Lewis Asset Management LLC now owns 692 shares of the construction company’s stock worth $380,000 after purchasing an additional 17 shares during the last quarter. Finally, Stiles Financial Services Inc boosted its position in Quanta Services by 1.8% during the first quarter. Stiles Financial Services Inc now owns 987 shares of the construction company’s stock worth $542,000 after purchasing an additional 17 shares during the period. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Trading Up 0.4%

Quanta Services stock opened at $718.32 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09. The firm’s 50 day moving average price is $658.94 and its 200-day moving average price is $546.71. Quanta Services has a 1 year low of $341.93 and a 1 year high of $788.75. The stock has a market cap of $107.79 billion, a P/E ratio of 98.53, a PEG ratio of 2.82 and a beta of 1.20.

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

Quanta Services declared that its Board of Directors has approved a share repurchase 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 shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.11 per share. The ex-dividend date 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 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.