Quanta Services (NYSE:PWR) Given New $882.00 Price Target at Citigroup

Quanta Services (NYSE:PWR) had its price target hoisted by equities researchers at Citigroup from $871.00 to $882.00 in a report released on Friday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Citigroup‘s target price would suggest a potential upside of 42.14% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Raymond James Financial set a $830.00 target price on shares of Quanta Services in a report on Thursday. Benchmark cut Quanta Services to a “sell” rating in a research report on Friday, July 31st. Mizuho set a $684.00 target price on Quanta Services in a research note on Wednesday, October 7th. Sanford C. Bernstein raised Quanta Services from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $748.00 to $775.00 in a report on Thursday, September 24th. Finally, Guggenheim raised Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 price target for the company in a report on Friday, July 31st. Twenty-three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $766.62.

Quanta Services Stock Down 2.3%

PWR stock traded down $14.68 during midday trading on Friday, hitting $620.50. The company’s stock had a trading volume of 1,476,221 shares, compared to its average volume of 1,145,369. The company’s fifty day moving average price is $633.61 and its 200 day moving average price is $622.23. 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 twelve month low of $408.36 and a twelve month high of $788.75. The stock has a market capitalization of $93.29 billion, a P/E ratio of 71.08, a PEG ratio of 1.79 and a beta of 1.27.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, October 29th. The construction company reported $6.06 earnings per share for the quarter, beating the consensus estimate of $5.02 by $1.04. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $11.03 billion. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%. Quanta Services’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.33 EPS. As a group, equities research analysts predict that Quanta Services will post 15.36 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers boosted its holdings in Quanta Services by 5.8% in the first quarter. Cetera Investment Advisers now owns 74,134 shares of the construction company’s stock worth $40,701,000 after acquiring an additional 4,087 shares in the last quarter. State Street Corp increased its holdings in shares of Quanta Services by 4.7% during the second quarter. State Street Corp now owns 6,581,807 shares of the construction company’s stock valued at $4,739,164,000 after acquiring an additional 296,893 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Quanta Services during the second quarter valued at approximately $1,066,000. Envestnet Asset Management Inc. increased its holdings in shares of Quanta Services by 11.9% during the second quarter. Envestnet Asset Management Inc. now owns 225,059 shares of the construction company’s stock valued at $162,051,000 after acquiring an additional 23,850 shares in the last quarter. Finally, Waverly Advisors LLC raised its position in shares of Quanta Services by 3,275.5% during the second quarter. Waverly Advisors LLC now owns 62,953 shares of the construction company’s stock worth $45,329,000 after purchasing an additional 61,088 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

More Quanta Services News

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

• Positive Sentiment: Record results beat expectations. Quanta reported third-quarter revenue of $12.01 billion, up 57.4% year over year and above the $11.03 billion consensus estimate. Adjusted diluted EPS was $6.06, exceeding expectations of approximately $5.02-$5.03 and rising from $3.33 a year earlier. Quanta Services Reports Third Quarter 2026 Results
• Positive Sentiment: Demand and visibility remain strong. Electric infrastructure activity helped drive results, while total backlog reached a record $63.7 billion and remaining performance obligations totaled $41.8 billion. Operating cash flow was $1.5 billion and free cash flow was $1.2 billion. PWR Q3 Earnings Beat on Electric Strength
• Positive Sentiment: Management raised its 2026 outlook. The company now expects full-year revenue of $41.3 billion to $41.6 billion and diluted EPS of $12.57 to $12.97, reflecting confidence in continued infrastructure spending and execution.
• Neutral Sentiment: Technical momentum is mixed. Reports noted that PWR broke above its 200-day moving average, a potentially bullish signal, although the share price has since moved back near that level. Technical traders may view the move as either a confirmation of long-term strength or a possible “sell-the-news” setup. Quanta Services Shares Break Above 200-Day Moving Average
• Negative Sentiment: Valuation and insider selling may be limiting upside. PWR trades at roughly 71 times earnings, leaving the stock vulnerable to profit-taking even after the earnings beat. Separately, reported insider activity showed substantial selling and no insider purchases during the past six months, which may add to investor caution.

About Quanta Services

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company designs, installs, repairs, maintains and upgrades essential infrastructure for the electric power, communications, pipeline, industrial and energy industries.

Its services include electric transmission and distribution construction, substation and renewable-energy infrastructure, storm restoration, fiber-optic and wireless communications networks, natural gas and pipeline construction, and related engineering and maintenance work.