Quanta Services (NYSE:PWR) Sets New 52-Week High on Analyst Upgrade

Key Points

• Quanta Services stock hit a new 52-week high after Goldman Sachs raised its price target from $685 to $826 and kept a "buy" rating, with shares trading around $745 during the move.
• Analyst sentiment is broadly positive: UBS raised its target to $900 and Truist set $851, and overall 18 analysts rate the stock "Buy" versus seven "Hold," with a MarketBeat consensus target of $678 ("Moderate Buy").
• Company fundamentals show momentum: Quanta beat Q1 estimates with EPS of $2.68 (vs. $2.04) and revenue of $7.87B (vs. $7.0B), and set FY2026 guidance of $13.55–$14.25 EPS, though its valuation is elevated (P/E ~102.9) and dividend yield is ~0.1%.

Quanta Services, Inc. (NYSE:PWR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday after The Goldman Sachs Group raised their price target on the stock from $685.00 to $826.00. The Goldman Sachs Group currently has a buy rating on the stock. Quanta Services traded as high as $747.94 and last traded at $745.0310, with a volume of 10421 shares changing hands. The stock had previously closed at $742.21.

Several other analysts have also issued reports on PWR. Truist Financial set a $851.00 price objective on Quanta Services in a research note on Friday. UBS Group boosted their target price on Quanta Services from $646.00 to $900.00 and gave the stock a "buy" rating in a report on Monday. B. Riley Financial reaffirmed a "neutral" rating on shares of Quanta Services in a report on Friday. Stifel Nicolaus set a $784.00 price objective on shares of Quanta Services in a research report on Friday. Finally, BNP Paribas Exane began coverage on shares of Quanta Services in a report on Tuesday, April 14th. They set a "neutral" rating for the company. Eighteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Quanta Services currently has an average rating of "Moderate Buy" and a consensus price target of $678.00.

Institutional Investors Weigh In On Quanta Services

A number of institutional investors have recently modified their holdings of PWR. Cedar Mountain Advisors LLC boosted its holdings in Quanta Services by 321.4% in the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company's stock valued at $25,000 after purchasing an additional 45 shares during the period. Darwin Wealth Management LLC bought a new position in shares of Quanta Services during the second quarter worth approximately $26,000. Activest Wealth Management raised its position in shares of Quanta Services by 94.1% in the third quarter. Activest Wealth Management now owns 66 shares of the construction company's stock valued at $27,000 after buying an additional 32 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Quanta Services in the fourth quarter valued at approximately $28,000. Finally, Cornerstone Planning Group LLC grew its position in Quanta Services by 213.0% during the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company's stock worth $30,000 after buying an additional 49 shares in the last quarter. Institutional investors own 90.49% of the company's stock.

Quanta Services Stock Performance

The stock has a market cap of $112.34 billion, a P/E ratio of 102.87, a price-to-earnings-growth ratio of 3.37 and a beta of 1.24. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57. The stock has a 50 day simple moving average of $578.99 and a 200 day simple moving average of $498.52.

Quanta Services (NYSE:PWR - Get Free Report) last released its earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, beating analysts' consensus estimates of $2.04 by $0.64. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The firm had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7 billion. During the same period in the prior year, the company posted $1.78 EPS. The company's revenue was up 26.3% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, equities analysts expect that Quanta Services, Inc. will post 11.97 earnings per share for the current year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, April 2nd. Quanta Services's dividend payout ratio (DPR) is currently 6.04%.

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.

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.