Quanta Services, Inc. (NYSE:PWR) Given Consensus Rating of “Moderate Buy” by Analysts

Quanta Services, Inc. (NYSE:PWR) has earned a consensus recommendation of “Moderate Buy” from the twenty-five ratings firms that are currently covering the company, MarketBeat Ratings reports. Twelve investment analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $450.0952.

A number of equities analysts have recently commented on PWR shares. Stifel Nicolaus set a $495.00 price target on shares of Quanta Services in a report on Monday, November 3rd. Jefferies Financial Group increased their target price on Quanta Services from $469.00 to $517.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Quanta Services in a research report on Monday, December 29th. Robert W. Baird set a $490.00 price objective on Quanta Services in a report on Friday, October 31st. Finally, Mizuho set a $415.00 target price on Quanta Services in a research report on Tuesday, October 28th.

Quanta Services Price Performance

Shares of NYSE PWR opened at $435.30 on Tuesday. The stock’s 50-day simple moving average is $442.73 and its two-hundred day simple moving average is $412.47. Quanta Services has a twelve month low of $227.08 and a twelve month high of $473.99. The firm has a market capitalization of $64.91 billion, a P/E ratio of 64.49, a P/E/G ratio of 2.14 and a beta of 1.16. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.66.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, topping the consensus estimate of $3.24 by $0.09. The company had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.41 billion. Quanta Services had a return on equity of 18.74% and a net margin of 3.74%.Quanta Services’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.72 earnings per share. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. As a group, equities analysts anticipate that Quanta Services will post 9.34 EPS for the current fiscal year.

Insider Buying and Selling at Quanta Services

In other news, Director Bernard Fried sold 4,000 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $452.19, for a total value of $1,808,760.00. Following the completion of the sale, the director owned 12,493 shares of the company’s stock, valued at approximately $5,649,209.67. This represents a 24.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gerald A. Ducey, Jr. sold 7,653 shares of the stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $446.08, for a total transaction of $3,413,850.24. Following the transaction, the insider directly owned 19,960 shares in the company, valued at approximately $8,903,756.80. This represents a 27.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 32,002 shares of company stock valued at $14,295,857. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Quanta Services

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Copia Wealth Management raised its stake in Quanta Services by 509.1% during the 2nd quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock valued at $25,000 after buying an additional 56 shares during the last quarter. SOA Wealth Advisors LLC. increased its position in Quanta Services by 159.3% during the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock valued at $26,000 after acquiring an additional 43 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Quanta Services in the second quarter valued at about $26,000. Activest Wealth Management boosted its position in Quanta Services by 94.1% in the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after purchasing an additional 32 shares during the last quarter. Finally, Solstein Capital LLC grew its stake in shares of Quanta Services by 185.7% during the 2nd quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock valued at $30,000 after purchasing an additional 52 shares during the period. 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.