Quanta Services (NYSE:PWR) Earns Neutral Rating from Analysts at BNP Paribas Exane

Stock analysts at BNP Paribas Exane began coverage on shares of Quanta Services (NYSE:PWR) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage set a “neutral” rating on the construction company’s stock.

Other equities research analysts have also issued research reports about the company. DA Davidson lifted their target price on Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Sanford C. Bernstein lifted their target price on Quanta Services from $515.00 to $538.00 in a research report on Wednesday, April 1st. Wolfe Research lifted their target price on Quanta Services from $477.00 to $576.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Robert W. Baird lifted their target price on Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Quanta Services in a research report on Friday. Eighteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Quanta Services has an average rating of “Moderate Buy” and a consensus target price of $595.50.

Quanta Services Stock Down 0.7%

Shares of NYSE:PWR traded down $4.32 during trading on Tuesday, hitting $591.52. 102,286 shares of the company’s stock traded hands, compared to its average volume of 1,098,157. Quanta Services has a 52 week low of $251.04 and a 52 week high of $599.00. 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 company has a market cap of $88.50 billion, a price-to-earnings ratio of 86.96, a price-to-earnings-growth ratio of 2.66 and a beta of 1.10. The company has a 50-day moving average price of $550.23 and a 200-day moving average price of $480.31.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.14. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The business had revenue of $7.84 billion for the quarter, compared to analysts’ expectations of $7.38 billion. During the same quarter in the previous year, the business posted $2.94 EPS. Quanta Services’s revenue for the quarter 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, research analysts forecast that Quanta Services will post 9.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lansforsakringar Fondforvaltning AB publ grew its holdings 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 buying an additional 2,375 shares in the last quarter. Calamos Advisors LLC grew its holdings in shares of Quanta Services by 17.1% during the 3rd quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock worth $43,680,000 after purchasing an additional 15,388 shares in the last quarter. Chilton Capital Management LLC grew its holdings in shares of Quanta Services by 63.3% during the 3rd quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock worth $69,016,000 after purchasing an additional 64,560 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Quanta Services by 59.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock worth $18,397,000 after purchasing an additional 16,637 shares in the last quarter. Finally, Atria Investments Inc grew its holdings in shares of Quanta Services by 20.4% during the 3rd quarter. Atria Investments Inc now owns 13,818 shares of the construction company’s stock worth $5,727,000 after purchasing an additional 2,340 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors.

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.