Quanta Services, Inc. (NYSE:PWR) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Quanta Services has a “Moderate Buy” consensus from 32 analysts, with 20 buy ratings, one strong buy, eight holds and three sells. The average 12-month price target is $769.25, well above the reported $623.80 share price.
• The company’s latest quarterly results exceeded expectations, with EPS of $4.24 versus the $3.31 consensus and revenue of $9.56 billion, up 41.1% year over year.
• Institutional investors own 90.49% of Quanta’s shares, while the company has authorized a $1 billion share-repurchase program and pays a quarterly dividend of $0.11.

Quanta Services, Inc. (NYSE:PWR - Get Free Report) has been assigned an average rating of "Moderate Buy" from the thirty-two analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $769.25.

PWR has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued a "buy" rating and set a $833.00 price target on shares of Quanta Services in a research report on Thursday, August 13th. Robert W. Baird set a $728.00 price objective on shares of Quanta Services in a research report on Friday, July 31st. BTIG Research lowered Quanta Services to a "hold" rating in a report on Friday, July 31st. Raymond James Financial assumed coverage on Quanta Services in a research note on Friday, July 31st. They issued an "outperform" rating for the company. Finally, Oppenheimer upgraded Quanta Services from a "market perform" rating to an "outperform" rating and set a $800.00 price target for the company in a report on Thursday, May 28th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Range Advisory LLC raised its holdings in shares of Quanta Services by 10.2% during the second quarter. Range Advisory LLC now owns 542 shares of the construction company's stock worth $390,000 after acquiring an additional 50 shares during the period. Cornerstone Financial Management LLC raised its stake in shares of Quanta Services by 70.4% in the 2nd quarter. Cornerstone Financial Management LLC now owns 46 shares of the construction company's stock valued at $33,000 after purchasing an additional 19 shares during the period. Corient Private Wealth LP raised its stake in shares of Quanta Services by 731.3% in the 2nd quarter. Corient Private Wealth LP now owns 210,091 shares of the construction company's stock valued at $151,273,000 after purchasing an additional 184,819 shares during the period. Formuepleje A S bought a new stake in shares of Quanta Services in the second quarter valued at about $1,383,000. Finally, Wellington Grp LLC boosted its position in shares of Quanta Services by 21.8% during the second quarter. Wellington Grp LLC now owns 1,835 shares of the construction company's stock worth $1,321,000 after buying an additional 329 shares during the period. Institutional investors and hedge funds own 90.49% of the company's stock.

Quanta Services Price Performance

Shares of PWR opened at $623.80 on Friday. The stock has a market cap of $93.78 billion, a P/E ratio of 71.45, a price-to-earnings-growth ratio of 2.05 and a beta of 1.20. Quanta Services has a 1 year low of $363.01 and a 1 year high of $788.75. The stock's 50-day moving average price is $651.88 and its two-hundred day moving average price is $642.61. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, beating analysts' consensus estimates of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The company had revenue of $9.56 billion during the quarter, compared to analysts' expectations of $8.61 billion. During the same period in the prior year, the business posted $2.48 EPS. Quanta Services's revenue was up 41.1% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, equities analysts predict that Quanta Services will post 15.35 earnings per share for the current year.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Thursday, October 1st will be given a $0.11 dividend. The ex-dividend date is Thursday, October 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services's payout ratio is currently 5.04%.

Quanta Services announced that its board has initiated a share repurchase program on Friday, May 22nd that allows the company to buyback $1.00 billion in 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 often an indication that the company's board believes its shares are 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.

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