Quanta Services (NYSE:PWR) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Quanta Services (NYSE:PWR) from a market perform rating to an outperform rating in a report published on Friday morning, Marketbeat.com reports. BMO Capital Markets currently has $650.00 target price on the construction company’s stock, up from their prior target price of $600.00.

PWR has been the subject of a number of other research reports. Mizuho lifted their target price on shares of Quanta Services from $424.00 to $537.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. UBS Group raised their price target on Quanta Services from $518.00 to $646.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Bank of America lifted their price objective on Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, February 20th. TD Cowen upped their price objective on Quanta Services from $425.00 to $570.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings raised Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Eighteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $587.91.

Quanta Services Stock Performance

Shares of PWR opened at $549.99 on Friday. The company has a market cap of $82.29 billion, a price-to-earnings ratio of 80.88, a P/E/G ratio of 2.50 and a beta of 1.10. The business’s fifty day simple moving average is $530.07 and its two-hundred day simple moving average is $466.70. Quanta Services has a 12 month low of $227.08 and a 12 month high of $583.73. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, topping the consensus estimate of $3.02 by $0.14. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The company had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. During the same period last year, the company earned $2.94 EPS. Quanta Services’s revenue for the quarter was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Research analysts anticipate that Quanta Services will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Thursday, April 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Quanta Services’s dividend payout ratio (DPR) is 6.47%.

Hedge Funds Weigh In On Quanta Services

A number of hedge funds and other institutional investors have recently modified their holdings of PWR. Norges Bank purchased a new position in Quanta Services during the 4th quarter valued at approximately $817,285,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Quanta Services by 57.2% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock worth $917,009,000 after acquiring an additional 882,209 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Quanta Services by 35.6% during the 3rd quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock worth $1,208,672,000 after acquiring an additional 765,822 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Quanta Services by 35.2% during 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 acquiring an additional 758,862 shares during the last quarter. Finally, Corient Private Wealth LLC grew its holdings in shares of Quanta Services by 137.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock valued at $486,065,000 after purchasing an additional 667,050 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

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.