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

Shares of Quanta Services, Inc. (NYSE:PWR) have been given an average rating of “Moderate Buy” by the twenty-seven research firms that are presently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation, nineteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $733.8696.

Several research firms recently weighed in on PWR. B. Riley Financial reiterated a “neutral” rating on shares of Quanta Services in a report on Friday, May 1st. Truist Financial set a $851.00 price objective on shares of Quanta Services in a report on Friday, May 1st. Cantor Fitzgerald raised their target price on shares of Quanta Services from $630.00 to $901.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Evercore boosted their price target on shares of Quanta Services from $635.00 to $800.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Finally, Wall Street Zen raised shares of Quanta Services from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd.

Quanta Services Trading Down 0.4%

PWR opened at $730.74 on Friday. Quanta Services has a one year low of $336.57 and a one year high of $788.75. 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 business has a 50 day simple moving average of $645.16 and a two-hundred day simple moving average of $537.30. The firm has a market capitalization of $109.65 billion, a price-to-earnings ratio of 100.24, a PEG ratio of 2.52 and a beta of 1.24.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.64. The firm had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7 billion. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The business’s revenue was up 26.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Analysts predict that Quanta Services will post 12.84 EPS for the current year.

Quanta Services declared that its board has approved a share buyback plan on Friday, May 22nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to buy up to 0.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Wednesday, July 1st. Quanta Services’s dividend payout ratio (DPR) is presently 6.04%.

Insider Buying and Selling at Quanta Services

In other news, CAO Paul Nobel sold 4,000 shares of the business’s stock in a transaction on 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 sale, the chief accounting officer owned 8,080 shares in the company, valued at approximately $6,116,398.40. The trade was a 33.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the business’s stock in a transaction on 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 owned 16,508 shares in the company, valued at approximately $12,722,880.68. This trade represents a 61.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 159,992 shares of company stock worth $123,244,714. 0.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Quanta Services

Several hedge funds have recently bought and sold shares of PWR. Axiom Investment Management LLC purchased a new stake in Quanta Services in the first quarter worth about $3,992,000. Groupama Asset Managment purchased a new position in shares of Quanta Services during the first quarter valued at approximately $3,540,000. Wellington Grp LLC boosted its position in shares of Quanta Services by 52.7% in the 1st quarter. Wellington Grp LLC now owns 1,506 shares of the construction company’s stock worth $827,000 after purchasing an additional 520 shares in the last quarter. Verus Capital Partners LLC grew its stake in shares of Quanta Services by 4.7% in the 1st quarter. Verus Capital Partners LLC now owns 997 shares of the construction company’s stock worth $547,000 after buying an additional 45 shares during the last quarter. Finally, BankChampaign National Association purchased a new stake in shares of Quanta Services in the 1st quarter worth approximately $771,000. 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.