Quanta Services (NYSE:PWR) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Quanta Services (NYSE:PWR) from a hold rating to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

A number of other equities analysts have also issued reports on PWR. TD Cowen boosted their target price on shares of Quanta Services from $775.00 to $785.00 and gave the stock a “buy” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft downgraded shares of Quanta Services to a “sell” rating in a report on Friday, July 31st. Wall Street Zen upgraded shares of Quanta Services from a “hold” rating to a “buy” rating in a research report on Sunday, August 2nd. JPMorgan Chase & Co. restated a “neutral” rating and set a $714.00 price objective on shares of Quanta Services in a report on Tuesday, July 21st. Finally, Benchmark lowered shares of Quanta Services to a “sell” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and an average target price of $767.21.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $666.67 on Wednesday. The company has a market cap of $100.23 billion, a price-to-earnings ratio of 76.37, a PEG ratio of 2.25 and a beta of 1.23. The business has a 50 day moving average price of $676.08 and a 200 day moving average price of $620.04. 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 has a twelve month low of $363.01 and a twelve month high of $788.75.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, topping the consensus estimate of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The company had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. During the same period in the previous year, the business posted $2.48 EPS. The company’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. Research analysts predict that Quanta Services will post 15.33 earnings per share for the current year.

Quanta Services announced that its board has authorized a share buyback program on Friday, May 22nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to reacquire up to 0.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Wednesday, July 1st were 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 was Wednesday, July 1st. Quanta Services’s dividend payout ratio (DPR) is 5.04%.

Hedge Funds Weigh In On Quanta Services

A number of hedge funds have recently made changes to their positions in PWR. Norges Bank acquired a new position in Quanta Services during the fourth quarter worth $817,285,000. Victory Capital Management Inc. boosted its stake in shares of Quanta Services by 35.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock valued at $1,230,493,000 after purchasing an additional 758,862 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of Quanta Services by 137.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock worth $486,065,000 after purchasing an additional 667,050 shares during the last quarter. Sands Capital Management LLC acquired a new stake in shares of Quanta Services during the 4th quarter worth about $243,485,000. Finally, Select Equity Group L.P. increased its position in shares of Quanta Services by 69.3% during the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock worth $384,554,000 after purchasing an additional 416,395 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services News Summary

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

• Positive Sentiment: Quanta raised its 2026 revenue, earnings, adjusted EBITDA and free-cash-flow outlook after exceeding second-quarter expectations. Its record backlog points to sustained demand for power-grid, energy and data-center infrastructure. How Quanta’s Raised 2026 Outlook Could Reshape Its Growth Story Ahead
• Positive Sentiment: Recent acquisitions are expanding Quanta’s reach in power infrastructure and data centers, potentially increasing its addressable market as electricity demand accelerates. Is Quanta’s Raised 2026 Outlook Just the Start of a Bigger Story?
• Positive Sentiment: Analyst commentary remains supportive, including Truist’s reaffirmed Buy rating and Mizuho’s increased price target of $741. Other coverage highlights Quanta’s earnings growth, cash generation and favorable infrastructure trends. Mizuho Boosts Quanta Services Price Target
• Neutral Sentiment: Growth-focused analysis identifies PWR as a strong growth stock, supported by its operating momentum and backlog. However, these assessments are largely investor-style and factor-based rather than new company announcements. Here’s Why Quanta Services Is a Strong Growth Stock
• Negative Sentiment: Valuation remains the key concern. With PWR trading at a premium to relevant benchmarks, investors may demand continued earnings and cash-flow acceleration before pushing the shares higher. Is PWR a Buy Today as Growth Accelerates but Valuation Stays High
• Negative Sentiment: The stock has declined 11.7% over the past three months despite improving fundamentals, suggesting profit-taking, valuation concerns or high expectations are currently offsetting the favorable outlook. Why PWR Is Down 11.7% in Three Months

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.