Mizuho Issues Positive Forecast for Quanta Services (NYSE:PWR) Stock Price

Quanta Services (NYSE:PWR) had its price target raised by investment analysts at Mizuho from $659.00 to $741.00 in a report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. Mizuho’s price target would indicate a potential upside of 10.96% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. Roth Capital increased their price target on Quanta Services from $600.00 to $650.00 and gave the company a “buy” rating in a report on Monday, April 6th. The Goldman Sachs Group upped their target price on Quanta Services from $685.00 to $826.00 and gave the company a “buy” rating in a report on Monday, May 4th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $714.00 price target on shares of Quanta Services in a report on Tuesday, July 21st. UBS Group started coverage on shares of Quanta Services in a report on Friday. They issued a “buy” rating for the company. Finally, Raymond James Financial assumed coverage on shares of Quanta Services in a research report on Friday. They set an “outperform” rating on the stock. Nineteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $756.96.

Quanta Services Stock Performance

NYSE:PWR opened at $667.83 on Monday. The company’s 50-day moving average price is $680.15 and its 200-day moving average price is $613.49. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. The company has a market cap of $100.40 billion, a P/E ratio of 76.50, a P/E/G ratio of 2.63 and a beta of 1.23. Quanta Services has a twelve month low of $363.01 and a twelve month high of $788.75.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The company had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $8.61 billion. During the same quarter in the prior year, the company earned $2.48 EPS. Quanta Services’s revenue was up 41.1% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, sell-side analysts forecast that Quanta Services will post 12.8 earnings per share for the current fiscal year.

Quanta Services announced that its board has initiated a share repurchase plan on Friday, May 22nd that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 0.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Quanta Services news, CEO Earl C. Jr. Austin sold 25,992 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the completion of the transaction, the chief executive officer owned 16,508 shares in the company, valued at $12,722,880.68. The trade was a 61.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Quanta Services

Several large investors have recently bought and sold shares of PWR. Ballast Inc. acquired a new position in shares of Quanta Services during the 2nd quarter worth about $451,000. Tema ETFs LLC raised its position in shares of Quanta Services by 58.1% during the 2nd quarter. Tema ETFs LLC now owns 62,648 shares of the construction company’s stock worth $45,109,000 after acquiring an additional 23,024 shares in the last quarter. Fulcrum Equity Management acquired a new stake in shares of Quanta Services during the 2nd quarter worth about $276,000. Wealthcare Advisory Partners LLC lifted its stake in Quanta Services by 10.9% during the second quarter. Wealthcare Advisory Partners LLC now owns 611 shares of the construction company’s stock worth $440,000 after purchasing an additional 60 shares during the last quarter. Finally, Revolve Wealth Partners LLC acquired a new position in Quanta Services in the second quarter valued at approximately $244,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

About Quanta Services

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.