Brokerages Set Quanta Services, Inc. (NYSE:PWR) Target Price at $401.19

Key Points

• Quanta Services, Inc. has been given an average rating of "Moderate Buy" by 24 brokerages, with a target price of approximately $401.19 among analysts.
• Recent earnings showed Quanta Services reported $2.48 earnings per share, exceeding estimates, with revenue increasing 21.1% year-over-year.
• The company declared a quarterly dividend of $0.10, reflecting a 0.1% dividend yield and a payout ratio of 6.19%.

Shares of Quanta Services, Inc. (NYSE:PWR - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty-four ratings firms that are currently covering the stock, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $401.1905.

A number of brokerages have recently issued reports on PWR. Evercore ISI upped their target price on shares of Quanta Services from $360.00 to $410.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. TD Cowen upped their target price on shares of Quanta Services from $355.00 to $425.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Stifel Nicolaus upped their price objective on shares of Quanta Services from $411.00 to $432.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Northland Capmk lowered Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 2nd. Finally, Wall Street Zen downgraded Quanta Services from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th.

Hedge Funds Weigh In On Quanta Services

Several large investors have recently added to or reduced their stakes in PWR. Brighton Jones LLC bought a new position in Quanta Services during the 4th quarter valued at about $298,000. Vident Advisory LLC boosted its stake in Quanta Services by 10.2% in the fourth quarter. Vident Advisory LLC now owns 3,385 shares of the construction company's stock valued at $1,070,000 after acquiring an additional 312 shares during the last quarter. Woodline Partners LP bought a new stake in Quanta Services in the fourth quarter valued at about $2,802,000. Waverly Advisors LLC acquired a new position in Quanta Services during the fourth quarter valued at approximately $345,000. Finally, Vise Technologies Inc. raised its stake in Quanta Services by 98.6% during the 4th quarter. Vise Technologies Inc. now owns 2,270 shares of the construction company's stock worth $718,000 after buying an additional 1,127 shares during the period. Institutional investors and hedge funds own 90.49% of the company's stock.

Quanta Services Stock Performance

Shares of PWR stock traded up $7.66 during mid-day trading on Friday, hitting $396.24. The stock had a trading volume of 812,060 shares, compared to its average volume of 1,349,721. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32. Quanta Services has a fifty-two week low of $227.08 and a fifty-two week high of $424.94. The firm has a market cap of $59.04 billion, a PE ratio of 61.34, a PEG ratio of 2.31 and a beta of 1.01. The company's 50-day simple moving average is $387.90 and its 200-day simple moving average is $340.01.

Quanta Services (NYSE:PWR - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.04. The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.55 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The firm's revenue for the quarter was up 21.1% on a year-over-year basis. During the same period last year, the firm posted $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Sell-side analysts anticipate that Quanta Services will post 9.34 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 10th. Investors of record on Wednesday, October 1st will be issued a $0.10 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. Quanta Services's dividend payout ratio is currently 6.19%.

About Quanta Services

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company's Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.