Quanta Services (NYSE:PWR) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Quanta Services (NYSE:PWR) from a hold rating to a buy rating in a research report sent to investors on Sunday.

PWR has been the topic of a number of other reports. CICC Research started coverage on Quanta Services in a report on Thursday, May 21st. They issued an “outperform” rating and a $872.00 price objective on the stock. Weiss Ratings lowered Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Guggenheim upgraded shares of Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 price target on the stock in a report on Friday. Raymond James Financial assumed coverage on shares of Quanta Services in a research report on Friday. They set an “outperform” rating for the company. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $748.00 price objective on shares of Quanta Services in a research note on Friday. Nineteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $752.78.

Quanta Services Trading Up 0.1%

NYSE:PWR opened at $667.83 on Friday. The company has a market capitalization of $100.40 billion, a P/E ratio of 76.50, a PEG ratio of 2.63 and a beta of 1.23. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. Quanta Services has a 12 month low of $363.01 and a 12 month high of $788.75. The firm has a fifty day simple moving average of $680.15 and a 200-day simple moving average of $613.49.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $8.61 billion. During the same period in the prior year, the firm earned $2.48 EPS. The firm’s revenue was up 41.1% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, equities research analysts anticipate that Quanta Services will post 12.8 earnings per share for the current year.

Quanta Services declared that its board has initiated a stock repurchase plan on Friday, May 22nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, July 1st. Quanta Services’s payout ratio is 5.04%.

Insider Transactions at Quanta Services

In related news, CEO Earl C. Jr. Austin sold 25,992 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the sale, the chief executive officer directly owned 16,508 shares of the company’s stock, valued at approximately $12,722,880.68. This represents a 61.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Quanta Services

Several hedge funds have recently modified their holdings of the company. Cedar Mountain Advisors LLC increased its position in shares of Quanta Services by 321.4% in the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after buying an additional 45 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of Quanta Services during the 2nd quarter valued at approximately $26,000. Boreal Capital Management LLC acquired a new stake in Quanta Services in the 1st quarter valued at $27,000. Flagship Harbor Advisors LLC purchased a new stake in Quanta Services in the 4th quarter worth $28,000. Finally, MV Capital Management Inc. acquired a new position in Quanta Services during the fourth quarter worth $30,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Quanta Services

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

• Positive Sentiment: Q2 earnings and revenue beat estimates. Quanta reported adjusted diluted EPS of $4.24, versus consensus estimates near $3.30, while revenue reached $9.56 billion compared with expectations of approximately $8.6 billion. Revenue increased 41.1% from the prior year, and adjusted EBITDA rose to $1.1 billion. Quanta Services Reports Second Quarter 2026 Results
• Positive Sentiment: Record backlog supports future growth. Total backlog reached $53.4 billion, including $33.6 billion in remaining performance obligations. Management cited broad infrastructure demand, electric-sector strength and acquisitions as key growth drivers. Operating cash flow was a record $1.1 billion, with free cash flow of $0.9 billion. Quanta Services Q2 Earnings Call Highlights Growth and Backlog Strength
• Positive Sentiment: Quanta raised its 2026 financial expectations across metrics. The company now projects revenue of $39.3 billion to $39.7 billion and adjusted EPS of $16.45 to $16.95, both well above prior consensus expectations. The higher outlook signals management’s confidence that strong demand and execution will continue. Quanta Projects 2026 Revenue as Record Backlog Supports Raised Outlook
• Positive Sentiment: Guggenheim upgraded PWR to “buy” from “neutral” and assigned an $800 price target. The upgrade adds further positive momentum following the earnings report and reflects greater confidence in Quanta’s growth outlook. The Fly Analyst Update
• Negative Sentiment: Valuation remains elevated. With a reported price-to-earnings ratio above 90, PWR’s stock price already reflects substantial growth expectations. Any slowdown in infrastructure demand, execution problems or disappointment with future guidance could increase volatility.

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.