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

Shares of Quanta Services, Inc. (NYSE:PWR) have been given a consensus recommendation of “Moderate Buy” by the eighteen analysts that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $324.19.

Several equities research analysts recently issued reports on PWR shares. JPMorgan Chase & Co. started coverage on Quanta Services in a report on Monday, October 7th. They issued a “neutral” rating and a $297.00 price objective on the stock. Stifel Nicolaus boosted their price objective on Quanta Services from $343.00 to $374.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. UBS Group boosted their price objective on Quanta Services from $313.00 to $367.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Daiwa America upgraded Quanta Services to a “strong-buy” rating in a report on Friday, December 6th. Finally, Northland Securities reiterated an “outperform” rating and issued a $328.00 price objective (up previously from $280.00) on shares of Quanta Services in a report on Friday, November 1st.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $337.10 on Tuesday. Quanta Services has a 52 week low of $187.27 and a 52 week high of $350.19. The business’s fifty day simple moving average is $329.50 and its 200-day simple moving average is $297.36. The firm has a market cap of $49.76 billion, a PE ratio of 62.20 and a beta of 1.06. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.46 by $0.26. Quanta Services had a return on equity of 16.71% and a net margin of 3.54%. The business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.56 billion. During the same quarter in the prior year, the company posted $2.08 EPS. The company’s quarterly revenue was up 15.5% on a year-over-year basis. Equities analysts forecast that Quanta Services will post 7.9 earnings per share for the current year.

Quanta Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.10 per share. This is a boost from Quanta Services’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend was Thursday, January 2nd. Quanta Services’s dividend payout ratio is currently 7.38%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PWR. Whalen Wealth Management Inc. acquired a new stake in shares of Quanta Services in the 4th quarter valued at about $544,000. Teamwork Financial Advisors LLC acquired a new stake in shares of Quanta Services in the 4th quarter valued at about $2,961,000. Janney Montgomery Scott LLC boosted its position in shares of Quanta Services by 1.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 152,531 shares of the construction company’s stock valued at $48,208,000 after purchasing an additional 1,645 shares during the period. Park Place Capital Corp boosted its position in shares of Quanta Services by 21.4% in the 4th quarter. Park Place Capital Corp now owns 4,456 shares of the construction company’s stock valued at $1,408,000 after purchasing an additional 787 shares during the period. Finally, Advisory Alpha LLC acquired a new stake in shares of Quanta Services in the 4th quarter valued at about $337,000. 90.49% of the stock is owned by institutional investors and hedge funds.

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.