Quanta Services (NYSE:PWR – Free Report) had its price objective upped by Mizuho from $659.00 to $741.00 in a research report sent to investors on Monday, Marketbeat reports. Mizuho currently has a neutral rating on the construction company’s stock.
A number of other research firms have also recently weighed in on PWR. Jefferies Financial Group lowered their target price on shares of Quanta Services from $857.00 to $784.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Oppenheimer upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price target for the company in a research note on Thursday, May 28th. BNP Paribas Exane started coverage on Quanta Services in a report on Tuesday, April 14th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $714.00 price objective on shares of Quanta Services in a research note on Tuesday, July 21st. Finally, UBS Group assumed coverage on Quanta Services in a research report on Friday, July 31st. They set a “buy” rating for the company. Twenty analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and an average price target of $765.48.
View Our Latest Stock Analysis on PWR
Quanta Services Price Performance
Quanta Services (NYSE:PWR – Get Free Report) last issued its earnings results on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, topping the consensus estimate of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The firm had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $8.61 billion. During the same period last year, the business earned $2.48 earnings per share. Quanta Services’s quarterly revenue was up 41.1% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Sell-side analysts predict that Quanta Services will post 15.4 earnings per share for the current year.
Quanta Services Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st were given a $0.11 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s payout ratio is 5.04%.
Quanta Services announced that its Board of Directors has authorized a stock buyback program on Friday, May 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to purchase up to 0.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of PWR. Cedar Mountain Advisors LLC raised its position 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 last quarter. Darwin Wealth Management LLC bought a new stake in shares of Quanta Services during the second quarter worth $26,000. Boreal Capital Management LLC bought a new stake in shares of Quanta Services during the first quarter worth $27,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Quanta Services in the fourth quarter valued at $28,000. Finally, MV Capital Management Inc. bought a new position in shares of Quanta Services in the fourth quarter valued at about $30,000. 90.49% of the stock is owned by institutional investors and hedge funds.
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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