Quanta Services, Inc. (PWR) to Issue Quarterly Dividend of $0.10 on April 11th

Quanta Services, Inc. (NYSE:PWR) announced a quarterly dividend on Friday, March 21st, RTT News reports. Stockholders of record on Thursday, April 3rd will be given a dividend of 0.10 per share by the construction company on Friday, April 11th. This represents a $0.40 annualized dividend and a dividend yield of 0.15%.

Quanta Services has increased its dividend by an average of 14.0% per year over the last three years. Quanta Services has a payout ratio of 3.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Quanta Services to earn $10.38 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 3.9%.

Quanta Services Stock Down 1.0 %

PWR stock opened at $268.43 on Friday. The firm has a market cap of $39.78 billion, a PE ratio of 44.52, a PEG ratio of 1.41 and a beta of 1.10. Quanta Services has a one year low of $227.11 and a one year high of $365.88. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. The firm’s 50 day moving average price is $289.30 and its 200-day moving average price is $304.27.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.62 by $0.12. The business had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.61 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. On average, equities research analysts anticipate that Quanta Services will post 9.34 EPS for the current year.

Institutional Trading of Quanta Services

An institutional investor recently bought a new position in Quanta Services stock. Brighton Jones LLC purchased a new stake in Quanta Services, Inc. (NYSE:PWR) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 943 shares of the construction company’s stock, valued at approximately $298,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Wall Street Analysts Forecast Growth

PWR has been the topic of a number of research analyst reports. Roth Capital raised shares of Quanta Services to a “strong-buy” rating in a research note on Thursday, February 20th. B. Riley restated a “neutral” rating and issued a $300.00 price target (down previously from $343.00) on shares of Quanta Services in a research report on Wednesday. Roth Mkm initiated coverage on shares of Quanta Services in a research note on Friday, February 21st. They set a “buy” rating and a $350.00 price target for the company. BMO Capital Markets upgraded Quanta Services from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $338.00 to $316.00 in a report on Tuesday, February 25th. Finally, Citigroup lowered their price target on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.79.

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.