Stifel Nicolaus Lowers Price Target for Quanta Services (NYSE:PWR) Stock

On February 26, 2025, Stifel Nicolaus announced a reduction in its target price for Quanta Services (NYSE:PWR), dropping it from $388.00 to $323.00 in a research note released on Monday, as reported by Benzinga. Despite this adjustment, the brokerage maintains a "buy" rating on the construction company’s stock. Stifel Nicolaus’ new target price implies a potential upside of approximately 22.19% from the stock’s current price.

Other financial analysts have also recently provided updates on Quanta Services. For instance, JPMorgan Chase & Co. raised their target price for the company from $297.00 to $323.00 while assigning it a "neutral" rating in a note published on January 28. Additionally, Bank of America initiated coverage on Quanta Services on January 24, giving it a "buy" rating and a price target of $407.00. Truist Financial adjusted their target price slightly, reducing it from $399.00 to $398.00 and maintaining a "buy" rating for the stock in their January report.

Robert W. Baird increased their price target from $320.00 to $333.00, citing an "outperform" rating, and Northland Securities reiterated an "outperform" rating while raising their price objective to $328.00 from $280.00 in a report also dated November 1. Overall, market analysis indicates that five research analysts rated the stock as a hold, fifteen analysts issued a buy rating, and two assigned a strong buy rating. As per MarketBeat, the average rating sits at "Moderate Buy," with a consensus target price of $326.95.

PWR Stock Performance

Quanta Services’ stock opened at $264.35 on the day of the announcement. With a market capitalization of $39.02 billion, the stock features a price-to-earnings (PE) ratio of 43.84 and a price-to-earnings-growth (PEG) ratio of 1.41, alongside a beta of 1.05. Over the past year, the company’s stock has seen a low of $227.11 and a high of $365.88. Its 50-day moving average stands at $312.93, while the 200-day moving average is $305.99.

On February 20, Quanta Services reported its quarterly earnings. They posted $2.74 earnings per share (EPS), surpassing the consensus estimate of $2.62 by $0.12. The company’s revenue for the quarter was reported at $6.55 billion, slightly below the consensus estimate of $6.61 billion. Furthermore, Quanta Services achieved a return on equity of 18.00% with a net margin of 3.82%. Analysts forecast an EPS of 9.34 for the current fiscal year.

Institutional Investors' Movements

Recent activity among institutional investors reflects changing stakes in Quanta Services. Versor Investments LP entered a new position during the third quarter valued at $406,000. Kestra Private Wealth Services LLC bolstered its stake by 85.0% in the fourth quarter, now owning 4,752 shares worth $1.502 million after acquiring an additional 2,184 shares during that period. Other notable adjustments include Principal Financial Group Inc. increasing its holdings by 5.6% with a total of 207,720 shares valued at around $61.932 million following an additional purchase of 11,012 shares.

Synovus Financial Corp grew its stake by 34.0%, owning 7,206 shares valued at $2.148 million after acquiring 1,830 more shares. Waverton Investment Management Ltd also increased its holdings by 6.5%, owning 41,963 shares worth $12.509 million after a purchase of 2,557 shares in the same period. In total, hedge funds and institutional investors control approximately 90.49% of Quanta Services' stock.

About Quanta Services

Quanta Services, Inc. is a company that offers infrastructure solutions tailored for the electric and gas utility, renewable energy, communications, and pipeline energy sectors across the United States, Canada, Australia, and beyond. The company engages in various activities including the design, procurement, construction, maintenance, and repair of electric power transmission and distribution infrastructure.

Quanta, Services, Stock