Quanta Services (NYSE:PWR) Price Target Raised to $805.00 at JPMorgan Chase & Co.

Quanta Services (NYSE:PWR) had its target price increased by JPMorgan Chase & Co. from $627.00 to $805.00 in a report published on Friday morning, MarketBeat reports. JPMorgan Chase & Co. currently has an overweight rating on the construction company’s stock.

PWR has been the topic of several other research reports. Jefferies Financial Group boosted their price objective on shares of Quanta Services from $634.00 to $654.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. UBS Group lifted their target price on Quanta Services from $518.00 to $646.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Argus increased their price target on Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Sanford C. Bernstein raised their price objective on Quanta Services from $515.00 to $538.00 in a research report on Wednesday, April 1st. Finally, DA Davidson upped their target price on Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Eighteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $650.73.

Quanta Services Trading Up 1.9%

Shares of Quanta Services stock traded up $13.67 on Friday, hitting $741.44. The stock had a trading volume of 1,327,706 shares, compared to its average volume of 915,688. The stock has a 50 day moving average of $578.99 and a 200 day moving average of $497.61. The firm has a market capitalization of $111.26 billion, a P/E ratio of 109.04, a PEG ratio of 3.30 and a beta of 1.24. Quanta Services has a twelve month low of $315.00 and a twelve month high of $742.33. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, topping the consensus estimate of $2.04 by $0.64. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The business had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7 billion. During the same period last year, the company earned $1.78 EPS. The firm’s revenue was up 26.3% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Sell-side analysts expect that Quanta Services will post 11.97 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Thursday, April 2nd were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is currently 6.47%.

Hedge Funds Weigh In On Quanta Services

A number of institutional investors and hedge funds have recently modified their holdings of PWR. Diversify Wealth Management LLC acquired a new stake in shares of Quanta Services during the 1st quarter worth approximately $389,000. Valmark Advisers Inc. bought a new position in Quanta Services during the first quarter worth $402,000. Carnegie Investment Counsel grew its holdings in Quanta Services by 8.8% in the first quarter. Carnegie Investment Counsel now owns 2,085 shares of the construction company’s stock worth $1,145,000 after purchasing an additional 169 shares during the period. SFE Investment Counsel increased its stake in Quanta Services by 10.4% in the first quarter. SFE Investment Counsel now owns 19,184 shares of the construction company’s stock valued at $10,532,000 after purchasing an additional 1,811 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its stake in Quanta Services by 8.8% in the first quarter. 180 Wealth Advisors LLC now owns 2,443 shares of the construction company’s stock valued at $1,341,000 after purchasing an additional 198 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors.

Key Headlines Impacting Quanta Services

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Record Q1 results and guidance lift — Quanta reported $7.87B revenue and adjusted EPS $2.68 (well above estimates), disclosed record backlog/RPO and raised FY‑2026 guidance to $13.55–$14.25 EPS and ~$34.7–$35.2B revenue; this operational beat and higher outlook underpin the rally. PR Newswire: Q1 Results
• Positive Sentiment: Top-line and execution coverage — multiple outlets highlight the EPS/revenue beat and raised outlook, signaling broad market recognition of stronger infrastructure demand and margin improvement. Zacks: Q1 Earnings Top Estimates
• Positive Sentiment: Major broker upgrades/target hikes — Several firms raised price targets and kept/added outperform/overweight ratings (BMO to $800, Evercore to $800, JPMorgan to $805, Robert W. Baird to $777). These increases endorse the company’s growth trajectory and likely attract additional demand for the stock. MarketScreener: BMO MarketScreener: Evercore MarketScreener: JPMorgan
• Neutral Sentiment: Market commentary and transcript coverage — Coverage from The Motley Fool, Seeking Alpha and other outlets explains the rally and details from the earnings call; useful for context but less likely to move price than hard results or broker actions. Fool: Why Quanta Is Powering Higher Seeking Alpha: Q1 Call Transcript
• Negative Sentiment: One dissenting analyst view — Mizuho raised its target to $693 but kept a neutral rating; that PT sits below the current share price and could temper gains if investors focus on that lower valuation. MarketScreener: Mizuho

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.