Quanta Services (NYSE:PWR) Stock Rating Cut to Hold at Zacks Research

Zacks Research cut shares of Quanta Services (NYSE:PWR) from a strong-buy rating to a hold rating in a research note published on Monday,Zacks reports.

A number of other equities research analysts also recently weighed in on PWR. Weiss Ratings downgraded Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, September 28th. Morgan Stanley lowered shares of Quanta Services to an “underweight” rating in a research report on Monday, August 3rd. Benchmark cut Quanta Services to a “sell” rating in a report on Friday, July 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $862.00 price objective on shares of Quanta Services in a research note on Monday. Finally, UBS Group reaffirmed a “buy” rating on shares of Quanta Services in a report on Monday, August 17th. Twenty-two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $765.32.

Quanta Services Price Performance

NYSE:PWR opened at $718.36 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05. Quanta Services has a one year low of $404.51 and a one year high of $788.75. The company has a fifty day moving average price of $647.08 and a 200 day moving average price of $656.55. The stock has a market cap of $108.00 billion, a P/E ratio of 82.29, a PEG ratio of 2.02 and a beta of 1.27.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.93. The company had revenue of $9.56 billion for the quarter, compared to analyst estimates of $8.61 billion. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The business’s quarterly revenue was up 41.1% on a year-over-year basis. During the same period last year, the business posted $2.48 EPS. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Analysts anticipate that Quanta Services will post 15.37 earnings per share for the current year.

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s dividend payout ratio is currently 5.04%.

Hedge Funds Weigh In On Quanta Services

A number of large investors have recently modified their holdings of the stock. Bartlett & CO. Wealth Management LLC raised its stake in shares of Quanta Services by 2.6% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 513 shares of the construction company’s stock worth $282,000 after purchasing an additional 13 shares during the period. Pincus Capital Management LP grew its position in Quanta Services by 0.4% during the first quarter. Pincus Capital Management LP now owns 3,690 shares of the construction company’s stock valued at $2,026,000 after buying an additional 15 shares during the period. SouthState Bank Corp increased its holdings in Quanta Services by 23.5% during the first quarter. SouthState Bank Corp now owns 84 shares of the construction company’s stock worth $46,000 after buying an additional 16 shares during the last quarter. Lewis Asset Management LLC raised its position in Quanta Services by 2.5% in the first quarter. Lewis Asset Management LLC now owns 692 shares of the construction company’s stock worth $380,000 after acquiring an additional 17 shares during the period. Finally, Stiles Financial Services Inc raised its position in Quanta Services by 1.8% in the first quarter. Stiles Financial Services Inc now owns 987 shares of the construction company’s stock worth $542,000 after acquiring an additional 17 shares during the period. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Key Quanta Services News

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

• Positive Sentiment: Investors are extending a broader rerating of Quanta tied to rising electricity demand from data centers, grid modernization and AI infrastructure. Quanta has reported stronger demand across both major operating segments and highlighted increased technology and data-center work. Quanta Services Rallies as Investors Lean Into Grid and Data-Center Power Theme
• Positive Sentiment: Quanta’s second-quarter results showed substantial operating momentum, including $9.56 billion in revenue, 41.1% year-over-year growth and earnings that exceeded consensus expectations. Record backlog and strong demand are supporting an optimistic outlook.
• Positive Sentiment: The company is targeting approximately $2 billion to $2.5 billion in 2026 free cash flow, with improving collections and backlog conversion potentially strengthening cash generation. Quanta Targets Up to $2.5B FCF: Can Cash Momentum Stay Strong?
• Positive Sentiment: Recent research continues to identify PWR as a momentum and growth stock, with AI-related infrastructure demand supporting its investment case. Several analyst targets remain well above the current trading level. Quanta Services Is a Top-Ranked Momentum Stock
• Neutral Sentiment: Truist lowered its price target from $976 to $945 but maintained a “buy” rating, indicating reduced expectations while still seeing considerable upside. Quanta Services Price Target Cut by Truist Financial
• Negative Sentiment: Insider activity is a potential caution signal: reported open-market insider transactions over the past six months included no purchases and 27 sales, including substantial selling by CEO Earl C. Austin Jr. The stock also trades at a demanding valuation, increasing sensitivity to any slowdown in growth or cash-flow execution.

Quanta Services Company Profile

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company delivers design, engineering, procurement, construction, repair and maintenance services for critical infrastructure across the electric power, energy and communications industries.

Quanta’s electric power operations support transmission and distribution networks, substations, renewable energy projects and related grid infrastructure. Its energy services include work on natural gas and other pipeline systems, utility infrastructure, industrial facilities and energy transition projects.