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

Quanta Services (NYSE:PWR) had its price objective increased by Mizuho from $537.00 to $580.00 in a research note published on Monday,Benzinga reports. Mizuho currently has a neutral rating on the construction company’s stock.

A number of other brokerages have also weighed in on PWR. Cantor Fitzgerald raised their target price on shares of Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. TD Cowen upped their target price on Quanta Services from $425.00 to $570.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Roth Mkm reissued a “buy” rating and set a $600.00 price target on shares of Quanta Services in a research note on Friday, February 20th. Truist Financial reiterated a “buy” rating and issued a $643.00 price objective (up from $548.00) on shares of Quanta Services in a report on Friday, February 20th. Finally, Bank of America upped their price target on shares of Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Eighteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $589.86.

Quanta Services Trading Down 3.0%

Shares of PWR stock opened at $533.49 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. Quanta Services has a fifty-two week low of $227.08 and a fifty-two week high of $583.73. The company has a market cap of $79.82 billion, a PE ratio of 78.45, a P/E/G ratio of 2.50 and a beta of 1.10. The stock’s fifty day moving average price is $531.40 and its two-hundred day moving average price is $467.71.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.14. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The firm had revenue of $7.84 billion for the quarter, compared to analysts’ expectations of $7.38 billion. During the same quarter in the previous year, the business posted $2.94 earnings per share. The business’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. Equities analysts predict that Quanta Services will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Thursday, April 2nd. Quanta Services’s dividend payout ratio (DPR) is presently 6.47%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Quanta Services during the 4th quarter worth about $817,285,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Quanta Services by 57.2% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock worth $917,009,000 after acquiring an additional 882,209 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Quanta Services by 35.6% during the third quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock valued at $1,208,672,000 after acquiring an additional 765,822 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Quanta Services by 35.2% during the fourth quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock worth $1,230,493,000 after purchasing an additional 758,862 shares during the period. Finally, Corient Private Wealth LLC grew its position in Quanta Services by 137.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock valued at $486,065,000 after purchasing an additional 667,050 shares during the period. 90.49% of the stock is 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.