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

Quanta Services, Inc. (NYSE:PWR) has received a consensus recommendation of “Moderate Buy” from the twenty-seven research firms that are presently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $733.8696.

A number of equities research analysts have issued reports on the company. TD Cowen boosted their price target on Quanta Services from $570.00 to $775.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Citigroup boosted their price target on Quanta Services from $640.00 to $733.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Argus boosted their price objective on Quanta Services from $540.00 to $650.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. BNP Paribas Exane started coverage on Quanta Services in a research note on Tuesday, April 14th. They set a “neutral” rating on the stock. Finally, Oppenheimer upgraded Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price objective on the stock in a research note on Thursday, May 28th.

Insider Transactions at Quanta Services

In other Quanta Services news, CEO Earl C. Jr. Austin sold 130,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the transaction, the chief executive officer owned 556,911 shares in the company, valued at $429,183,462.15. The trade was a 18.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $756.98, for a total value of $3,027,920.00. Following the transaction, the chief accounting officer owned 8,080 shares in the company, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 159,992 shares of company stock worth $123,244,714. 0.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Lombard Odier Asset Management Europe Ltd lifted its stake in shares of Quanta Services by 3.9% in the first quarter. Lombard Odier Asset Management Europe Ltd now owns 16,559 shares of the construction company’s stock worth $9,091,000 after acquiring an additional 620 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Quanta Services by 1.5% in the first quarter. Parallel Advisors LLC now owns 19,237 shares of the construction company’s stock worth $10,562,000 after acquiring an additional 281 shares in the last quarter. Axiom Investment Management LLC acquired a new position in shares of Quanta Services in the first quarter worth about $3,992,000. Groupama Asset Managment acquired a new position in shares of Quanta Services in the first quarter worth about $3,540,000. Finally, Wellington Grp LLC lifted its stake in shares of Quanta Services by 52.7% in the first quarter. Wellington Grp LLC now owns 1,506 shares of the construction company’s stock worth $827,000 after acquiring an additional 520 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Price Performance

PWR stock opened at $742.13 on Tuesday. The stock has a 50-day moving average price of $693.63 and a two-hundred day moving average price of $568.38. Quanta Services has a 12-month low of $358.38 and a 12-month high of $788.75. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57. The company has a market cap of $111.36 billion, a PE ratio of 101.80, a price-to-earnings-growth ratio of 2.76 and a beta of 1.20.

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

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.11 per share. 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 payout ratio is currently 6.04%.

Quanta Services declared that its Board of Directors has approved a share buyback program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to buy up to 0.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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.