Quanta Services (NYSE:PWR) Cut to Hold at Northland Capmk

Northland Capmk downgraded shares of Quanta Services (NYSE:PWR) from a strong-buy rating to a hold rating in a report released on Wednesday morning,Zacks.com reports. Northland Capmk also issued estimates for Quanta Services’ Q2 2025 earnings at $2.24 EPS and FY2025 earnings at $9.62 EPS.

PWR has been the subject of several other research reports. B. Riley increased their price objective on Quanta Services from $300.00 to $355.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Wall Street Zen upgraded Quanta Services from a “hold” rating to a “buy” rating in a research report on Friday, June 27th. Truist Financial dropped their price target on Quanta Services from $398.00 to $324.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Piper Sandler restated an “overweight” rating and issued a $370.00 price target (up previously from $360.00) on shares of Quanta Services in a research report on Tuesday, May 27th. Finally, Citigroup dropped their price target on Quanta Services from $366.00 to $342.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Quanta Services currently has an average rating of “Moderate Buy” and an average target price of $350.95.

Quanta Services Price Performance

Quanta Services stock opened at $386.51 on Wednesday. Quanta Services has a 12 month low of $227.08 and a 12 month high of $387.37. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.31 and a quick ratio of 1.26. The business has a 50 day simple moving average of $347.47 and a 200-day simple moving average of $308.59. The stock has a market capitalization of $57.30 billion, a PE ratio of 62.34, a price-to-earnings-growth ratio of 3.01 and a beta of 1.08.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, May 1st. The construction company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.72 by $0.06. The business had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $5.88 billion. Quanta Services had a return on equity of 18.06% and a net margin of 3.74%. The company’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.41 earnings per share. Equities analysts predict that Quanta Services will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, July 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.10%. Quanta Services’s dividend payout ratio (DPR) is presently 6.45%.

Institutional Investors Weigh In On Quanta Services

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Banque Transatlantique SA acquired a new stake in shares of Quanta Services in the fourth quarter worth approximately $25,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Quanta Services in the first quarter worth approximately $25,000. Quarry LP acquired a new stake in shares of Quanta Services in the fourth quarter worth approximately $26,000. WPG Advisers LLC acquired a new stake in shares of Quanta Services in the first quarter worth approximately $31,000. Finally, AlphaQuest LLC acquired a new stake in shares of Quanta Services in the first quarter worth approximately $35,000. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

About Quanta Services

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company’s Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.