Quanta Services, Inc. (NYSE:PWR) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Quanta Services, Inc. (NYSE:PWR) have earned an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $273.75.

A number of equities research analysts have issued reports on the company. Truist Financial restated a “buy” rating and set a $305.00 price objective (up from $301.00) on shares of Quanta Services in a research report on Monday, May 6th. B. Riley raised their price target on Quanta Services from $246.00 to $286.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Citigroup boosted their price objective on shares of Quanta Services from $299.00 to $302.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. DA Davidson raised their target price on shares of Quanta Services from $225.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. Finally, Robert W. Baird increased their price objective on shares of Quanta Services from $287.00 to $288.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th.

Quanta Services Stock Up 3.2 %

NYSE PWR opened at $256.73 on Tuesday. The stock has a 50 day moving average price of $266.89 and a 200-day moving average price of $246.82. Quanta Services has a one year low of $153.74 and a one year high of $286.87. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 1.36. The company has a market capitalization of $37.58 billion, a P/E ratio of 49.75 and a beta of 1.03.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, May 2nd. The construction company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.14. The business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.96 billion. Quanta Services had a net margin of 3.57% and a return on equity of 16.25%. As a group, equities analysts predict that Quanta Services will post 7.69 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Monday, July 1st were paid a $0.09 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $0.36 annualized dividend and a yield of 0.14%. Quanta Services’s dividend payout ratio (DPR) is currently 6.98%.

Institutional Investors Weigh In On Quanta Services

A number of institutional investors and hedge funds have recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new position in shares of Quanta Services during the first quarter valued at $25,000. Private Ocean LLC purchased a new position in Quanta Services during the 1st quarter valued at about $26,000. Salomon & Ludwin LLC purchased a new position in Quanta Services during the 1st quarter valued at about $26,000. Cambridge Trust Co. purchased a new stake in shares of Quanta Services in the 1st quarter worth approximately $26,000. Finally, Hazlett Burt & Watson Inc. increased its holdings in Quanta Services by 47.3% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company’s stock valued at $34,000 after buying an additional 52 shares during the period. 90.49% of the stock is owned by 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.