Quanta Services (NYSE:PWR) Sets New 1-Year High - Still a Buy?

Key Points

• New 52‑week high: Quanta shares reached about $589.80 intraday, and analysts collectively rate the stock a "Moderate Buy" with 18 Buys vs. 6 Holds and a consensus price target of $595.50.
• Quarterly beat and strong guidance: The company reported EPS of $3.16 (vs. $3.02 expected) and revenue of $7.84B (+19.7% YoY), and set FY2026 guidance of $12.65–$13.35 EPS.
• Valuation and ownership profile: Quanta has a market cap of ~$87.5B and a high P/E (~85.6), a very small dividend yield (~0.1%), and heavy institutional/hedge fund ownership (~90.5%).

Shares of Quanta Services, Inc. (NYSE:PWR - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $586.87 and last traded at $589.8040, with a volume of 51436 shares trading hands. The stock had previously closed at $576.24.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PWR shares. Jefferies Financial Group lifted their price objective on Quanta Services from $634.00 to $654.00 and gave the company a "buy" rating in a report on Thursday, April 2nd. Sanford C. Bernstein lifted their price objective on Quanta Services from $515.00 to $538.00 in a report on Wednesday, April 1st. Weiss Ratings upgraded Quanta Services from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, January 12th. Truist Financial restated a "buy" rating and issued a $643.00 price objective (up from $548.00) on shares of Quanta Services in a report on Friday, February 20th. Finally, Argus boosted their target price on shares of Quanta Services from $540.00 to $650.00 and gave the stock a "buy" rating in a report on Tuesday, February 24th. Eighteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Quanta Services presently has an average rating of "Moderate Buy" and a consensus price target of $595.50.

Quanta Services Price Performance

The firm has a market capitalization of $87.51 billion, a P/E ratio of 85.63, a P/E/G ratio of 2.55 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. The stock's fifty day simple moving average is $543.65 and its 200 day simple moving average is $475.73.

Quanta Services (NYSE:PWR - Get Free Report) last announced its earnings results on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, topping analysts' consensus estimates of $3.02 by $0.14. The business had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The firm's revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, equities research analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.11 per share. The ex-dividend date is Thursday, April 2nd. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services's dividend payout ratio is 6.47%.

Hedge Funds Weigh In On Quanta Services

Several hedge funds have recently modified their holdings of PWR. Lansforsakringar Fondforvaltning AB publ raised its stake in Quanta Services by 5.4% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company's stock valued at $19,316,000 after purchasing an additional 2,375 shares during the last quarter. Calamos Advisors LLC increased its stake in shares of Quanta Services by 17.1% in the 3rd quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company's stock worth $43,680,000 after acquiring an additional 15,388 shares during the last quarter. Chilton Capital Management LLC increased its stake in shares of Quanta Services by 63.3% in the 3rd quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company's stock worth $69,016,000 after acquiring an additional 64,560 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Quanta Services by 59.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company's stock worth $18,397,000 after acquiring an additional 16,637 shares during the last quarter. Finally, Atria Investments Inc increased its stake in shares of Quanta Services by 20.4% in the 3rd quarter. Atria Investments Inc now owns 13,818 shares of the construction company's stock worth $5,727,000 after acquiring an additional 2,340 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.

About Quanta Services

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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