Quanta Services, Inc. (NYSE:PWR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Quanta Services, Inc. (NYSE:PWR) have earned a consensus rating of “Moderate Buy” from the twenty-two analysts that are presently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $326.79.

A number of equities research analysts recently commented on PWR shares. Roth Capital raised Quanta Services to a “strong-buy” rating in a research note on Thursday, February 20th. Roth Mkm started coverage on Quanta Services in a research report on Friday, February 21st. They set a “buy” rating and a $350.00 target price for the company. JPMorgan Chase & Co. increased their price target on shares of Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. B. Riley restated a “neutral” rating and set a $300.00 price objective (down previously from $343.00) on shares of Quanta Services in a report on Wednesday, March 19th. Finally, Stifel Nicolaus cut their target price on shares of Quanta Services from $388.00 to $323.00 and set a “buy” rating on the stock in a report on Monday, February 24th.

Institutional Trading of Quanta Services

Several institutional investors and hedge funds have recently bought and sold shares of PWR. Banque Transatlantique SA bought a new stake in shares of Quanta Services during the 4th quarter worth approximately $25,000. Webster Bank N. A. raised its position in Quanta Services by 4,050.0% during the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock worth $26,000 after acquiring an additional 81 shares in the last quarter. Quarry LP acquired a new stake in Quanta Services in the fourth quarter valued at $26,000. Sierra Ocean LLC bought a new position in shares of Quanta Services in the 4th quarter valued at about $27,000. Finally, Prestige Wealth Management Group LLC bought a new stake in shares of Quanta Services in the 3rd quarter valued at about $30,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

Quanta Services stock opened at $254.17 on Friday. The business’s 50-day simple moving average is $283.07 and its 200 day simple moving average is $304.75. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The stock has a market cap of $37.67 billion, a price-to-earnings ratio of 42.15, a P/E/G ratio of 1.41 and a beta of 1.10. Quanta Services has a 12-month low of $227.11 and a 12-month high of $365.88.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.62 by $0.12. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The company had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.61 billion. As a group, research analysts anticipate that Quanta Services will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.40 annualized dividend and a yield of 0.16%. Quanta Services’s dividend payout ratio (DPR) is presently 6.63%.

Quanta Services Company Profile

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.