Quanta Services, Inc. (NYSE:PWR) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Quanta Services, Inc. has received a consensus rating of "Moderate Buy" from 26 analysts, with 12 holding ratings and 14 buy ratings, and an average target price of $408.45.
• Notable upgrades include TD Cowen raising its target price to $425.00 and DA Davidson increasing its target to $395.00, while the company recently reported an EPS of $2.48, exceeding expectations.
• Quanta Services declared a quarterly dividend of $0.10 per share, reflecting an annual yield of 0.1%, with a payout ratio of 6.19%.

Quanta Services, Inc. (NYSE:PWR - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twenty-six analysts that are presently covering the stock, MarketBeat.com reports. Twelve research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $408.4545.

PWR has been the subject of several research reports. TD Cowen raised their target price on Quanta Services from $355.00 to $425.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Mizuho assumed coverage on Quanta Services in a research note on Thursday, September 4th. They set a "neutral" rating and a $360.00 price target for the company. DA Davidson lifted their price target on Quanta Services from $305.00 to $395.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Sanford C. Bernstein downgraded Quanta Services from an "outperform" rating to a "market perform" rating and set a $410.00 price target for the company. in a research note on Monday, July 28th. Finally, Wall Street Zen downgraded Quanta Services from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th.

Hedge Funds Weigh In On Quanta Services

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Quanta Services by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 17,756,682 shares of the construction company's stock worth $6,713,446,000 after buying an additional 339,383 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Quanta Services by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,821,962 shares of the construction company's stock worth $2,579,259,000 after buying an additional 49,334 shares during the last quarter. State Street Corp boosted its stake in shares of Quanta Services by 0.4% in the 2nd quarter. State Street Corp now owns 6,007,287 shares of the construction company's stock worth $2,271,235,000 after buying an additional 24,669 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Quanta Services by 4.1% in the 2nd quarter. Geode Capital Management LLC now owns 3,873,293 shares of the construction company's stock worth $1,458,362,000 after buying an additional 152,823 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Quanta Services by 57.2% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company's stock worth $917,009,000 after buying an additional 882,209 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company's stock.

Quanta Services Stock Performance

Shares of PWR opened at $437.02 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32. The stock has a 50-day moving average of $394.45 and a 200-day moving average of $358.56. The company has a market cap of $65.12 billion, a PE ratio of 67.65, a P/E/G ratio of 2.56 and a beta of 1.04. Quanta Services has a one year low of $227.08 and a one year high of $443.97.

Quanta Services (NYSE:PWR - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.44 by $0.04. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The firm's revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period last year, the business posted $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. On average, equities research analysts predict that Quanta Services will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. Quanta Services's payout ratio is 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.

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