Quanta Services, Inc. Declares Quarterly Dividend of $0.11 (NYSE:PWR)

Quanta Services, Inc. (NYSE:PWR) declared a quarterly dividend on Wednesday, September 2nd. Investors of record on Thursday, October 1st will be paid a dividend of 0.11 per share by the construction company on Friday, October 9th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 1st.

Quanta Services has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Quanta Services has a dividend payout ratio of 3.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Quanta Services to earn $17.66 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 2.5%.

Quanta Services Price Performance

NYSE PWR opened at $610.59 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $91.80 billion, a PE ratio of 69.94, a price-to-earnings-growth ratio of 2.00 and a beta of 1.20. Quanta Services has a 12-month low of $363.01 and a 12-month high of $788.75. The company has a 50 day moving average price of $655.09 and a two-hundred day moving average price of $642.05.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.93. The business had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. Quanta Services’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.48 EPS. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. As a group, equities analysts predict that Quanta Services will post 15.35 earnings per share for the current fiscal year.

Institutional Trading of Quanta Services

Hedge funds have recently modified their holdings of the company. California State Teachers Retirement System raised its stake in shares of Quanta Services by 73,333.1% in the second quarter. California State Teachers Retirement System now owns 163,127,222 shares of the construction company’s stock valued at $117,458,125,000 after purchasing an additional 162,905,078 shares in the last quarter. State Street Corp lifted its holdings in shares of Quanta Services by 2.1% during the 4th quarter. State Street Corp now owns 6,206,761 shares of the construction company’s stock worth $2,619,626,000 after acquiring an additional 126,014 shares during the period. Geode Capital Management LLC boosted its position in shares of Quanta Services by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 4,086,544 shares of the construction company’s stock valued at $1,718,371,000 after acquiring an additional 110,360 shares in the last quarter. Bank of America Corp DE raised its position in Quanta Services by 5.4% in the first quarter. Bank of America Corp DE now owns 3,444,711 shares of the construction company’s stock worth $1,891,215,000 after purchasing an additional 175,184 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Quanta Services by 35.2% in 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 in the last quarter. Institutional investors own 90.49% of the company’s stock.

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.