Quanta Services (NYSE:PWR) Sets New 12-Month High - Here's What Happened

Key Points

• New 52-week high: Quanta shares hit an intraday high of $599.00 as several analysts raised price targets (consensus target $595.50) and the stock carries 18 Buy vs. 7 Hold ratings.
• Quarterly beat and raised guidance: The company reported $3.16 EPS vs. $3.02 expected and $7.84B revenue (up 19.7% YoY), and set FY 2026 guidance of 12.65–13.35 EPS.
• Heavy institutional backing: Institutional investors own 90.49% of the stock, with major holders like Vanguard, State Street and Bank of America increasing positions, while the company trades at a large market cap (~$89.2B) and a high P/E (~87.4).

Shares of Quanta Services, Inc. (NYSE:PWR - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $599.00 and last traded at $594.41, with a volume of 784019 shares trading hands. The stock had previously closed at $595.84.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PWR shares. TD Cowen boosted their price objective on shares of Quanta Services from $425.00 to $570.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Stifel Nicolaus set a $647.00 target price on shares of Quanta Services in a report on Monday, February 23rd. Wolfe Research upped their target price on shares of Quanta Services from $477.00 to $576.00 and gave the stock an "outperform" rating in a report on Friday, February 20th. Robert W. Baird upped their target price on shares of Quanta Services from $490.00 to $606.00 and gave the stock an "outperform" rating in a report on Friday, February 20th. Finally, Roth Mkm upped their target price on shares of Quanta Services from $600.00 to $650.00 and gave the stock a "buy" rating in a report on Monday, April 6th. Eighteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $595.50.

Quanta Services Price Performance

The company has a market cap of $89.20 billion, a P/E ratio of 87.41, a P/E/G ratio of 2.71 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. The firm's fifty day moving average is $552.35 and its two-hundred day moving average is $481.64.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, beating the consensus estimate of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The business had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. During the same quarter in the prior year, the firm earned $2.94 EPS. The business's revenue was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Quanta Services by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company's stock valued at $7,519,079,000 after purchasing an additional 386,937 shares during the last quarter. State Street Corp raised its position in shares of Quanta Services by 2.1% during the 4th quarter. State Street Corp now owns 6,206,761 shares of the construction company's stock valued at $2,619,626,000 after buying an additional 126,014 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Quanta Services by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 4,086,544 shares of the construction company's stock valued at $1,718,371,000 after buying an additional 110,360 shares in the last quarter. Bank of America Corp DE raised its position in shares of Quanta Services by 35.6% during the 3rd quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company's stock valued at $1,208,672,000 after buying an additional 765,822 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Quanta Services by 35.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company's stock valued at $1,230,493,000 after buying an additional 758,862 shares in the last quarter. Institutional investors own 90.49% of the company's stock.

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.

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.