Brokerages Set Quanta Services, Inc. (NYSE:PWR) PT at $733.87

Quanta Services, Inc. (NYSE:PWR) has been assigned an average recommendation of “Moderate Buy” from the twenty-seven research firms that are presently covering the company, MarketBeat.com reports. Seven equities research 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 twelve-month price objective among brokers that have issued a report on the stock in the last year is $733.8696.

PWR has been the subject of a number of research reports. UBS Group upped their target price on shares of Quanta Services from $646.00 to $900.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Wall Street Zen upgraded Quanta Services from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. B. Riley Financial restated a “neutral” rating on shares of Quanta Services in a report on Friday, May 1st. Truist Financial set a $851.00 price objective on Quanta Services in a report on Friday, May 1st. Finally, TD Cowen lifted their price objective on Quanta Services from $570.00 to $775.00 and gave the company a “buy” rating in a report on Monday, May 4th.

Insider Activity

In other news, CEO Earl C. Jr. Austin sold 25,992 shares of the firm’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 sale, the chief executive officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of Quanta Services 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 completion of the transaction, the chief accounting officer directly 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 SEC filing for this sale provides additional information. Over the last three months, insiders have sold 159,992 shares of company stock valued at $123,244,714. Insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Lansforsakringar Fondforvaltning AB publ grew its position in shares of Quanta Services by 5.4% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock valued at $19,316,000 after purchasing an additional 2,375 shares in the last quarter. Evoke Wealth LLC purchased a new stake in shares of Quanta Services in the fourth quarter valued at approximately $368,000. Sequoia Financial Advisors LLC grew its position in shares of Quanta Services by 3.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 130,436 shares of the construction company’s stock valued at $55,052,000 after purchasing an additional 3,966 shares in the last quarter. Westfield Capital Management Co. LP grew its position in shares of Quanta Services by 44.4% in the third quarter. Westfield Capital Management Co. LP now owns 245,506 shares of the construction company’s stock valued at $101,743,000 after purchasing an additional 75,449 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Quanta Services by 9.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,602 shares of the construction company’s stock valued at $21,357,000 after purchasing an additional 4,568 shares in the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $715.81 on Tuesday. The firm has a fifty day moving average price of $705.10 and a 200-day moving average price of $577.00. 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 stock has a market cap of $107.41 billion, a PE ratio of 98.19, a price-to-earnings-growth ratio of 2.71 and a beta of 1.20. Quanta Services has a 1 year low of $363.01 and a 1 year high of $788.75.

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 net margin of 3.67% and a return on equity of 18.64%. The firm had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7 billion. During the same period in the prior year, the company posted $1.78 earnings per share. The company’s revenue for the quarter 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. Equities analysts anticipate that Quanta Services will post 12.81 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

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

Quanta Services declared that its board has initiated a stock repurchase plan on Friday, May 22nd that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 0.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are 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.