Quanta Services (NYSE:PWR) Reaches New 52-Week High – Should You Buy?

Quanta Services, Inc. (NYSE:PWR) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $570.92 and last traded at $569.21, with a volume of 1289961 shares trading hands. The stock had previously closed at $549.11.

Analysts Set New Price Targets

Several brokerages have weighed in on PWR. DA Davidson upped their target price on Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a research report on Friday. Mizuho boosted their price target on Quanta Services from $424.00 to $537.00 and gave the company a “neutral” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of Quanta Services from $515.00 to $627.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. B. Riley Financial lifted their target price on shares of Quanta Services from $450.00 to $565.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Bank of America increased their price target on shares of Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $562.95.

Quanta Services Stock Performance

The company has a market cap of $85.17 billion, a price-to-earnings ratio of 83.71, a P/E/G ratio of 2.55 and a beta of 1.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. The firm has a fifty day simple moving average of $469.47 and a 200 day simple moving average of $436.79.

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

Hedge Funds Weigh In On Quanta Services

A number of institutional investors have recently made changes to their positions in the business. Brighton Jones LLC bought a new position in Quanta Services in the 4th quarter worth approximately $298,000. Woodline Partners LP grew its stake in shares of Quanta Services by 40.7% in the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after acquiring an additional 3,606 shares during the last quarter. Wealthfront Advisers LLC increased its position in Quanta Services by 5.1% during the second quarter. Wealthfront Advisers LLC now owns 23,332 shares of the construction company’s stock worth $8,821,000 after acquiring an additional 1,133 shares during the period. Delta Investment Management LLC acquired a new position in Quanta Services during the 2nd quarter valued at $201,000. Finally, Solstein Capital LLC boosted its holdings in Quanta Services by 185.7% in the 2nd quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock valued at $30,000 after purchasing an additional 52 shares during the period. 90.49% of the stock is currently owned by institutional investors.

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.