Quanta Services (NYSE:PWR) Rating Lowered to Hold at Zacks Research

Quanta Services (NYSE:PWR) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Several other analysts have also recently commented on PWR. Benchmark cut Quanta Services to a “sell” rating in a research report on Friday, July 31st. Weiss Ratings downgraded shares of Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, September 28th. Wall Street Zen lowered shares of Quanta Services from a “buy” rating to a “hold” rating in a research report on Saturday, September 12th. Deutsche Bank Aktiengesellschaft lowered shares of Quanta Services to a “sell” rating in a research note on Friday, July 31st. Finally, KeyCorp upgraded Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 price target for the company in a research report on Friday, August 7th. Twenty-two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $765.32.

Quanta Services Stock Performance

PWR opened at $718.36 on Monday. The firm’s fifty day simple moving average is $647.08 and its two-hundred day simple moving average is $656.55. Quanta Services has a 52-week low of $404.51 and a 52-week high of $788.75. The company has a market cap of $108.00 billion, a price-to-earnings ratio of 82.29, a PEG ratio of 2.02 and a beta of 1.27. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The firm had revenue of $9.56 billion for the quarter, compared to analyst estimates of $8.61 billion. During the same period last year, the company posted $2.48 EPS. Quanta Services’s quarterly revenue was up 41.1% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Equities analysts anticipate that Quanta Services will post 15.37 earnings per share for the current fiscal year.

Institutional Trading of Quanta Services

Several hedge funds have recently made changes to their positions in PWR. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Quanta Services by 2.6% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 513 shares of the construction company’s stock valued at $282,000 after purchasing an additional 13 shares during the last quarter. Pincus Capital Management LP increased its stake in Quanta Services by 0.4% during the first quarter. Pincus Capital Management LP now owns 3,690 shares of the construction company’s stock worth $2,026,000 after acquiring an additional 15 shares during the last quarter. SouthState Bank Corp lifted its stake in shares of Quanta Services by 23.5% in the 1st quarter. SouthState Bank Corp now owns 84 shares of the construction company’s stock valued at $46,000 after purchasing an additional 16 shares in the last quarter. Lewis Asset Management LLC increased its position in Quanta Services by 2.5% during the 1st quarter. Lewis Asset Management LLC now owns 692 shares of the construction company’s stock worth $380,000 after purchasing an additional 17 shares in the last quarter. Finally, Stiles Financial Services Inc grew its stake in Quanta Services by 1.8% during the first quarter. Stiles Financial Services Inc now owns 987 shares of the construction company’s stock worth $542,000 after buying an additional 17 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Company Profile

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company delivers design, engineering, procurement, construction, repair and maintenance services for critical infrastructure across the electric power, energy and communications industries.

Quanta’s electric power operations support transmission and distribution networks, substations, renewable energy projects and related grid infrastructure. Its energy services include work on natural gas and other pipeline systems, utility infrastructure, industrial facilities and energy transition projects.