Quanta Services (NYSE:PWR) Stock Price Down 4% - Time to Sell?

Key Points

• Quanta Services shares fell 4% to approximately $593.97, trading below both their 50-day and 200-day moving averages.
• Analyst sentiment remains broadly positive, with 23 Buy ratings, seven Holds and three Sells; the average price target is $763.04, implying substantial upside from the current price.
• The company reported strong quarterly results, with EPS of $4.24 versus the $3.31 consensus and revenue up 41.1% year over year to $9.56 billion. Quanta also pays a quarterly dividend of $0.11, although its annualized yield is only 0.1%.

Shares of Quanta Services, Inc. (NYSE:PWR - Get Free Report) were down 4% on Tuesday. The company traded as low as $587.23 and last traded at $593.9690. 668,935 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 1,121,175 shares. The stock had previously closed at $618.41.

Analyst Upgrades and Downgrades

PWR has been the topic of a number of research analyst reports. Citigroup boosted their price objective on shares of Quanta Services from $837.00 to $871.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Jefferies Financial Group reaffirmed a "buy" rating and issued a $833.00 target price on shares of Quanta Services in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft cut shares of Quanta Services to a "sell" rating in a research report on Friday, July 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $862.00 target price on shares of Quanta Services in a research note on Monday, October 5th. Finally, Sanford C. Bernstein upgraded shares of Quanta Services from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $748.00 to $775.00 in a research report on Thursday, September 24th. 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 company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $763.04.

Quanta Services Trading Down 3.5%

The stock has a fifty day simple moving average of $648.72 and a 200 day simple moving average of $663.57. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10. The firm has a market cap of $89.68 billion, a P/E ratio of 68.27, a price-to-earnings-growth ratio of 1.87 and a beta of 1.27.

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, topping 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 during the quarter, compared to analyst estimates of $8.61 billion. During the same period in the previous year, the business posted $2.48 earnings per share. The business's revenue for the quarter 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, research analysts expect that Quanta Services, Inc. will post 15.37 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 1st were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services's payout ratio is presently 5.04%.

Institutional Investors Weigh In On Quanta Services

Large investors have recently bought and sold shares of the business. Cetera Investment Advisers boosted its holdings in Quanta Services by 5.8% during the first quarter. Cetera Investment Advisers now owns 74,134 shares of the construction company's stock worth $40,701,000 after buying an additional 4,087 shares in the last quarter. State Street Corp increased its holdings in Quanta Services by 4.7% in the second quarter. State Street Corp now owns 6,581,807 shares of the construction company's stock valued at $4,739,164,000 after buying an additional 296,893 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Quanta Services during the 2nd quarter valued at approximately $1,066,000. Envestnet Asset Management Inc. lifted its position in shares of Quanta Services by 11.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 225,059 shares of the construction company's stock valued at $162,051,000 after acquiring an additional 23,850 shares during the period. Finally, Cooper Financial Group purchased a new stake in shares of Quanta Services during the 2nd quarter worth approximately $1,151,000. Institutional investors own 90.49% of the company's stock.

About Quanta Services

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.