Quanta Services, Inc. (NYSE:PWR) Given Average Rating of “Moderate Buy” by Brokerages

Quanta Services, Inc. (NYSE:PWR) has earned a consensus recommendation of “Moderate Buy” from the twenty-six analysts that are currently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $751.8636.

Several analysts recently weighed in on PWR shares. Roth Capital boosted their price objective on shares of Quanta Services from $600.00 to $650.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Stifel Nicolaus set a $784.00 target price on Quanta Services in a research report on Friday, May 1st. JPMorgan Chase & Co. lifted their target price on Quanta Services from $627.00 to $805.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. BMO Capital Markets upped their price target on Quanta Services from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Finally, Mizuho increased their price target on Quanta Services from $580.00 to $693.00 and gave the company a “neutral” rating in a research note on Friday, May 1st.

Insider Activity at Quanta Services

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer owned 8,080 shares in the company, valued at approximately $6,116,398.40. This trade represents a 33.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the completion of the sale, the chief executive officer directly owned 556,911 shares in the company, valued at approximately $429,183,462.15. This represents a 18.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 159,992 shares of company stock valued at $123,244,714. Company insiders own 0.60% of the company’s stock.

Institutional Trading of Quanta Services

A number of large investors have recently bought and sold shares of PWR. Cedar Mountain Advisors LLC raised its position in shares of Quanta Services by 321.4% in the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after acquiring an additional 45 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Quanta Services during the 2nd quarter valued at about $26,000. Boreal Capital Management LLC bought a new stake in shares of Quanta Services during the 1st quarter valued at about $27,000. Flagship Harbor Advisors LLC acquired a new stake in Quanta Services during the fourth quarter worth approximately $28,000. Finally, MV Capital Management Inc. bought a new stake in Quanta Services in the fourth quarter worth approximately $30,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Down 0.5%

NYSE:PWR opened at $628.11 on Friday. The firm’s 50 day simple moving average is $703.48 and its 200 day simple moving average is $598.24. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09. Quanta Services has a one year low of $363.01 and a one year high of $788.75. The company has a market cap of $94.25 billion, a PE ratio of 86.16, a P/E/G ratio of 2.48 and a beta of 1.21.

Quanta Services (NYSE:PWR) last announced its quarterly 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 during the quarter, compared to analysts’ expectations of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The company’s revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, research analysts anticipate that Quanta Services will post 12.8 earnings per share for the current year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, July 1st. Quanta Services’s dividend payout ratio is currently 6.04%.

Quanta Services announced that its board has authorized a share repurchase plan on Friday, May 22nd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

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.