Quanta Services, Inc. (NYSE:PWR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Quanta Services, Inc. (NYSE:PWR) have received a consensus rating of “Moderate Buy” from the twenty-five analysts that are currently covering the company, MarketBeat Ratings reports. Twelve investment analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $450.0952.

A number of research analysts have commented on PWR shares. JPMorgan Chase & Co. upgraded shares of Quanta Services from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $457.00 to $515.00 in a research note on Monday, December 8th. Argus set a $540.00 price target on shares of Quanta Services in a research report on Friday, October 31st. Robert W. Baird set a $490.00 price objective on Quanta Services in a report on Friday, October 31st. Citigroup upped their price objective on Quanta Services from $517.00 to $526.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, Stifel Nicolaus set a $495.00 target price on Quanta Services in a research report on Monday, November 3rd.

Quanta Services Trading Down 0.4%

NYSE:PWR opened at $430.83 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.30 and a current ratio of 1.34. Quanta Services has a one year low of $227.08 and a one year high of $473.99. The business’s 50-day simple moving average is $442.98 and its 200 day simple moving average is $410.02. The stock has a market cap of $64.25 billion, a price-to-earnings ratio of 63.83, a price-to-earnings-growth ratio of 2.45 and a beta of 1.14.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.24 by $0.09. Quanta Services had a return on equity of 18.74% and a net margin of 3.74%.The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same quarter last year, the firm earned $2.72 EPS. Quanta Services’s quarterly revenue was up 17.5% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. As a group, sell-side analysts predict that Quanta Services will post 9.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Quanta Services

In other news, Director Worthing Jackman sold 6,349 shares of Quanta Services stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $450.45, for a total value of $2,859,907.05. Following the completion of the transaction, the director directly owned 2,730 shares of the company’s stock, valued at approximately $1,229,728.50. The trade was a 69.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Bernard Fried sold 4,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $452.19, for a total transaction of $1,808,760.00. Following the sale, the director directly owned 12,493 shares of the company’s stock, valued at approximately $5,649,209.67. This represents a 24.25% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 32,002 shares of company stock worth $14,295,857. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Quanta Services

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mirova increased its position in Quanta Services by 11.4% in the third quarter. Mirova now owns 14,964 shares of the construction company’s stock worth $6,201,000 after buying an additional 1,533 shares during the period. AIA Group Ltd bought a new stake in Quanta Services in the 3rd quarter valued at about $1,955,000. Saranac Partners Ltd acquired a new position in Quanta Services during the 3rd quarter valued at about $5,358,000. Swiss Life Asset Management Ltd grew its position in Quanta Services by 19.1% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 24,764 shares of the construction company’s stock worth $10,263,000 after purchasing an additional 3,978 shares during the last quarter. Finally, Groupama Asset Managment acquired a new stake in shares of Quanta Services in the third quarter valued at approximately $3,274,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

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.