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

Quanta Services, Inc. (NYSE:PWR) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $586.87 and last traded at $589.8040, with a volume of 51436 shares. The stock had previously closed at $576.24.

Wall Street Analyst Weigh In

PWR has been the subject of a number of recent research reports. UBS Group raised their target price on Quanta Services from $518.00 to $646.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. BMO Capital Markets raised Quanta Services from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $600.00 to $650.00 in a research note on Friday, March 27th. Jefferies Financial Group raised their target price on Quanta Services from $634.00 to $654.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Bank of America raised their target price on Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Finally, DA Davidson increased their price target on Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Eighteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $595.50.

Quanta Services Trading Up 1.5%

The firm has a market capitalization of $87.51 billion, a PE ratio of 85.63, a PEG ratio of 2.55 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average price of $543.65 and a two-hundred day moving average price of $475.73.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share 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 analysts’ expectations of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The company’s revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is currently 6.47%.

Hedge Funds Weigh In On Quanta Services

Several institutional investors have recently bought and sold shares of the company. Old North State Trust LLC grew its position in Quanta Services by 11.9% in the 4th quarter. Old North State Trust LLC now owns 2,869 shares of the construction company’s stock valued at $1,211,000 after acquiring an additional 305 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Quanta Services by 23.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 97,242 shares of the construction company’s stock valued at $41,042,000 after acquiring an additional 18,780 shares in the last quarter. World Investment Advisors grew its position in Quanta Services by 12.7% in the 4th quarter. World Investment Advisors now owns 6,969 shares of the construction company’s stock valued at $2,941,000 after acquiring an additional 788 shares in the last quarter. DUTCH ASSET Corp acquired a new position in Quanta Services in the 4th quarter valued at about $825,000. Finally, Corient Private Wealth LLC grew its position in Quanta Services by 137.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock valued at $486,065,000 after acquiring an additional 667,050 shares in the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

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.