JPMorgan Chase & Co. Reaffirms “Neutral” Rating for Quanta Services (NYSE:PWR)

Quanta Services (NYSE:PWR)‘s stock had its “neutral” rating reissued by JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $714.00 price objective on the construction company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 11.09% from the stock’s previous close.

Several other analysts have also issued reports on the stock. Roth Capital upped their price target on shares of Quanta Services from $600.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. Evercore boosted their price objective on shares of Quanta Services from $635.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Sanford C. Bernstein upped their target price on shares of Quanta Services from $538.00 to $725.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. Mizuho set a $645.00 target price on shares of Quanta Services in a research note on Monday. Finally, TD Cowen boosted their price target on Quanta Services from $570.00 to $775.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Seventeen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $745.55.

Quanta Services Stock Up 0.5%

PWR stock opened at $642.71 on Tuesday. The company has a market cap of $96.44 billion, a price-to-earnings ratio of 88.16, a P/E/G ratio of 2.52 and a beta of 1.21. Quanta Services has a twelve month low of $363.01 and a twelve month high of $788.75. The business has a 50 day moving average price of $695.36 and a two-hundred day moving average price of $603.94. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, topping 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 company had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7 billion. During the same quarter in the prior year, the business posted $1.78 EPS. The business’s 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. Analysts anticipate that Quanta Services will post 12.8 EPS for the current fiscal year.

Quanta Services declared that its board has approved a share repurchase program on Friday, May 22nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to repurchase up to 0.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Activity

In other Quanta Services news, CEO Earl C. Jr. Austin sold 25,992 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total value of $20,032,294.32. Following the completion of the sale, the chief executive officer owned 16,508 shares of the company’s stock, valued at $12,722,880.68. The trade was a 61.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Paul Nobel sold 4,000 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $756.98, for a total transaction 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. The trade was a 33.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 159,992 shares of company stock valued at $123,244,714 in the last quarter. Corporate insiders own 0.60% of the company’s stock.

Institutional Trading of Quanta Services

Institutional investors have recently modified their holdings of the stock. Cedar Mountain Advisors LLC raised its stake in Quanta Services by 321.4% in the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after purchasing an additional 45 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in Quanta Services during the second quarter worth about $26,000. Boreal Capital Management LLC acquired a new stake in Quanta Services during the first quarter worth about $27,000. Flagship Harbor Advisors LLC bought a new position in Quanta Services in the 4th quarter valued at about $28,000. Finally, MV Capital Management Inc. acquired a new position in shares of Quanta Services in the 4th quarter valued at approximately $30,000. 90.49% of the stock is currently owned by institutional investors.

Key Stories Impacting Quanta Services

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Motley Fool argued that Quanta Services looks like a better buy than GE Vernova, saying Quanta’s business is still booming while its valuation appears more attractive relative to the peer. Article Title
• Positive Sentiment: Quanta was named the 2026 Top U.S. Solar Solutions Provider by Solar Power World for the third time in four years, reinforcing its leadership in renewable energy infrastructure and execution. Article Title
• Positive Sentiment: Zacks noted that Quanta outpaced the broader market and pointed to strong competitive positioning as customers pursue larger, more complex infrastructure projects. Article Title
• Neutral Sentiment: JPMorgan reiterated a neutral rating with a $714 price target, which suggests some upside but also reflects a more cautious stance on the shares. Read More: Read More.
• Neutral Sentiment: Yahoo Finance highlighted concerns that PWR may look expensive on cash flow and earnings, a reminder that valuation could limit further gains if growth slows. Article Title
• Negative Sentiment: Some commentary on GE Vernova’s valuation implied that Quanta may be a better alternative, but it also underscores that PWR itself is not cheap and may be vulnerable if investors rotate away from high-multiple infrastructure names. Article Title

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.