Quanta Services (NYSE:PWR) Stock Price Target Raised at Citigroup

Quanta Services (NYSE:PWR) had its target price increased by equities research analysts at Citigroup from $871.00 to $882.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Citigroup‘s price objective would indicate a potential upside of 42.14% from the stock’s previous close.

A number of other brokerages also recently weighed in on PWR. Morgan Stanley downgraded shares of Quanta Services to an “underweight” rating in a report on Monday, August 3rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $833.00 target price on shares of Quanta Services in a report on Thursday, August 13th. Benchmark cut shares of Quanta Services to a “sell” rating in a report on Friday, July 31st. KeyCorp upgraded shares of Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 target price for the company in a research report on Friday, August 7th. Finally, Wall Street Zen cut Quanta Services from a “buy” rating to a “hold” rating in a report on Saturday, September 12th. Twenty-three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $766.62.

Quanta Services Stock Down 2.3%

Shares of PWR stock traded down $14.68 on Friday, hitting $620.50. The stock had a trading volume of 1,476,221 shares, compared to its average volume of 1,145,369. Quanta Services has a 12-month low of $408.36 and a 12-month high of $788.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05. The business has a 50 day moving average of $633.61 and a 200 day moving average of $622.23. The stock has a market cap of $93.29 billion, a price-to-earnings ratio of 71.08, a price-to-earnings-growth ratio of 1.79 and a beta of 1.27.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, October 29th. The construction company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.02 by $1.04. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $11.03 billion. During the same quarter last year, the business posted $3.33 EPS. The company’s revenue for the quarter was up 57.4% on a year-over-year basis. As a group, analysts expect that Quanta Services will post 15.36 EPS for the current year.

Institutional Trading of Quanta Services

A number of institutional investors have recently made changes to their positions in PWR. Third View Private Wealth LLC boosted its position in Quanta Services by 27.5% during the 3rd quarter. Third View Private Wealth LLC now owns 881 shares of the construction company’s stock valued at $566,000 after buying an additional 190 shares during the period. Provenance Wealth Advisors LLC grew its holdings in Quanta Services by 60.0% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 192 shares of the construction company’s stock worth $123,000 after acquiring an additional 72 shares during the last quarter. Lyell Wealth Management LP grew its holdings in Quanta Services by 2.3% in the 3rd quarter. Lyell Wealth Management LP now owns 40,197 shares of the construction company’s stock worth $25,827,000 after acquiring an additional 888 shares during the last quarter. Integrity Alliance LLC. increased its position in shares of Quanta Services by 4.3% in the third quarter. Integrity Alliance LLC. now owns 1,155 shares of the construction company’s stock valued at $742,000 after acquiring an additional 48 shares during the period. Finally, IPG Investment Advisors LLC increased its position in shares of Quanta Services by 37.4% in the third quarter. IPG Investment Advisors LLC now owns 3,284 shares of the construction company’s stock valued at $2,110,000 after acquiring an additional 894 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services News Roundup

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

• Positive Sentiment: Record results beat expectations. Quanta reported third-quarter revenue of $12.01 billion, up 57.4% year over year and above the $11.03 billion consensus estimate. Adjusted diluted EPS was $6.06, exceeding expectations of approximately $5.02-$5.03 and rising from $3.33 a year earlier. Quanta Services Reports Third Quarter 2026 Results
• Positive Sentiment: Demand and visibility remain strong. Electric infrastructure activity helped drive results, while total backlog reached a record $63.7 billion and remaining performance obligations totaled $41.8 billion. Operating cash flow was $1.5 billion and free cash flow was $1.2 billion. PWR Q3 Earnings Beat on Electric Strength
• Positive Sentiment: Management raised its 2026 outlook. The company now expects full-year revenue of $41.3 billion to $41.6 billion and diluted EPS of $12.57 to $12.97, reflecting confidence in continued infrastructure spending and execution.
• Neutral Sentiment: Technical momentum is mixed. Reports noted that PWR broke above its 200-day moving average, a potentially bullish signal, although the share price has since moved back near that level. Technical traders may view the move as either a confirmation of long-term strength or a possible “sell-the-news” setup. Quanta Services Shares Break Above 200-Day Moving Average
• Negative Sentiment: Valuation and insider selling may be limiting upside. PWR trades at roughly 71 times earnings, leaving the stock vulnerable to profit-taking even after the earnings beat. Separately, reported insider activity showed substantial selling and no insider purchases during the past six months, which may add to investor caution.

Quanta Services Company Profile

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company designs, installs, repairs, maintains and upgrades essential infrastructure for the electric power, communications, pipeline, industrial and energy industries.

Its services include electric transmission and distribution construction, substation and renewable-energy infrastructure, storm restoration, fiber-optic and wireless communications networks, natural gas and pipeline construction, and related engineering and maintenance work.