Quanta Services (NYSE:PWR) Sets New 52-Week High – What’s Next?

Shares of Quanta Services, Inc. (NYSE:PWR) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $576.86 and last traded at $574.5180, with a volume of 138835 shares trading hands. The stock had previously closed at $568.04.

Wall Street Analysts Forecast Growth

PWR has been the topic of several analyst reports. Truist Financial reissued a “buy” rating and set a $643.00 target price (up from $548.00) on shares of Quanta Services in a research report on Friday, February 20th. Robert W. Baird lifted their price objective on shares of Quanta Services from $490.00 to $606.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Mizuho boosted their price objective on shares of Quanta Services from $424.00 to $537.00 and gave the company a “neutral” rating in a research report on Tuesday, February 24th. Roth Mkm restated a “buy” rating and issued a $600.00 target price on shares of Quanta Services in a report on Friday, February 20th. Finally, Stifel Nicolaus set a $647.00 price target on shares of Quanta Services in a research note on Monday, February 23rd. Seventeen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $576.55.

Quanta Services Trading Up 0.7%

The stock has a market capitalization of $84.99 billion, a P/E ratio of 83.54, a PEG ratio of 2.57 and a beta of 1.10. The stock’s fifty day moving average price is $498.97 and its 200 day moving average price is $450.37. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.14. The company had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.38 billion. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter last year, the business posted $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cedar Mountain Advisors LLC lifted its holdings in shares of Quanta Services by 321.4% in the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after buying an additional 45 shares during the period. Darwin Wealth Management LLC purchased a new position in shares of Quanta Services during the second quarter valued at $26,000. Activest Wealth Management raised its holdings in shares of Quanta Services by 94.1% in the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after acquiring an additional 32 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Quanta Services in the fourth quarter worth about $28,000. Finally, Cornerstone Planning Group LLC lifted its stake in Quanta Services by 213.0% in the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock worth $30,000 after acquiring an additional 49 shares during the period. Institutional investors own 90.49% of the company’s stock.

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.