Weekly Analysts’ Ratings Changes for Quanta Services (PWR)

A number of firms have modified their ratings and price targets on shares of Quanta Services (NYSE: PWR) recently:

• 1/29/2025 – Quanta Services had its price target lowered by analysts at Citigroup Inc. from $394.00 to $371.00. They now have a “buy” rating on the stock.
• 1/28/2025 – Quanta Services had its price target raised by analysts at JPMorgan Chase & Co. from $297.00 to $323.00. They now have a “neutral” rating on the stock.
• 1/24/2025 – Quanta Services is now covered by analysts at Bank of America Co.. They set a “buy” rating and a $407.00 price target on the stock.
• 1/22/2025 – Quanta Services had its price target raised by analysts at Stifel Nicolaus from $374.00 to $388.00. They now have a “buy” rating on the stock.
• 1/16/2025 – Quanta Services had its price target lowered by analysts at Truist Financial Co. from $399.00 to $398.00. They now have a “buy” rating on the stock.
• 1/8/2025 – Quanta Services is now covered by analysts at Guggenheim. They set a “neutral” rating on the stock.
• 12/19/2024 – Quanta Services had its price target raised by analysts at Truist Financial Co. from $358.00 to $399.00. They now have a “buy” rating on the stock.
• 12/11/2024 – Quanta Services had its price target raised by analysts at Stifel Nicolaus from $343.00 to $374.00. They now have a “buy” rating on the stock.
• 12/9/2024 – Quanta Services had its price target raised by analysts at Citigroup Inc. from $348.00 to $394.00. They now have a “buy” rating on the stock.
• 12/6/2024 – Quanta Services was upgraded by analysts at Daiwa America to a “strong-buy” rating.
• 12/6/2024 – Quanta Services is now covered by analysts at Daiwa Capital Markets. They set an “outperform” rating and a $355.00 price target on the stock.

Quanta Services Trading Up 1.6 %

PWR stock opened at $298.73 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.23 and a quick ratio of 1.19. The company has a market capitalization of $44.10 billion, a PE ratio of 55.12 and a beta of 1.06. The firm’s 50-day moving average is $329.88 and its 200 day moving average is $300.59. Quanta Services, Inc. has a 12 month low of $193.52 and a 12 month high of $365.88.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, October 31st. The construction company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.26. The business had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.56 billion. Quanta Services had a net margin of 3.54% and a return on equity of 16.71%. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.08 EPS. On average, research analysts anticipate that Quanta Services, Inc. will post 7.9 EPS for the current year.

Quanta Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were issued a $0.10 dividend. This is a boost from Quanta Services’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date was Thursday, January 2nd. Quanta Services’s dividend payout ratio (DPR) is currently 7.38%.

Institutional Trading of Quanta Services

A number of institutional investors have recently modified their holdings of PWR. Geneos Wealth Management Inc. boosted its stake in Quanta Services by 0.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,167 shares of the construction company’s stock worth $1,317,000 after purchasing an additional 29 shares in the last quarter. Commonwealth Financial Services LLC boosted its stake in Quanta Services by 2.6% in the 4th quarter. Commonwealth Financial Services LLC now owns 1,152 shares of the construction company’s stock worth $364,000 after purchasing an additional 29 shares in the last quarter. HB Wealth Management LLC boosted its stake in Quanta Services by 0.9% in the 4th quarter. HB Wealth Management LLC now owns 3,323 shares of the construction company’s stock worth $1,050,000 after purchasing an additional 31 shares in the last quarter. Moody Lynn & Lieberson LLC boosted its stake in Quanta Services by 0.5% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 6,141 shares of the construction company’s stock worth $1,941,000 after purchasing an additional 32 shares in the last quarter. Finally, Resurgent Financial Advisors LLC boosted its stake in Quanta Services by 0.7% in the 3rd quarter. Resurgent Financial Advisors LLC now owns 4,773 shares of the construction company’s stock worth $1,423,000 after purchasing an additional 33 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors.

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company’s Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.