Analysts Set Quanta Services, Inc. (NYSE:PWR) PT at $344.35

Quanta Services, Inc. (NYSE:PWR - Get Free Report) has received an average rating of "Moderate Buy" from the twenty-three analysts that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $344.35.

Several brokerages have commented on PWR. Argus set a $375.00 price objective on shares of Quanta Services in a report on Monday, May 5th. Roth Capital upgraded Quanta Services to a "strong-buy" rating in a research report on Thursday, February 20th. DA Davidson increased their price objective on Quanta Services from $295.00 to $305.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Truist Financial dropped their target price on shares of Quanta Services from $398.00 to $324.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, BMO Capital Markets set a $352.00 price target on shares of Quanta Services in a research report on Friday, May 2nd.

Quanta Services Trading Down 1.0%

NYSE PWR traded down $3.46 on Monday, hitting $341.50. The company's stock had a trading volume of 1,004,900 shares, compared to its average volume of 1,586,241. The firm has a market cap of $50.63 billion, a P/E ratio of 56.63, a PEG ratio of 1.41 and a beta of 1.02. Quanta Services has a 52-week low of $227.08 and a 52-week high of $365.88. The company's 50-day simple moving average is $285.00 and its 200 day simple moving average is $302.26. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.06. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The business had revenue of $6.23 billion for the quarter, compared to analysts' expectations of $5.88 billion. During the same quarter in the previous year, the business posted $1.41 earnings per share. The firm's revenue for the quarter was up 23.9% compared to the same quarter last year. Research analysts predict that Quanta Services will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date was Thursday, April 3rd. Quanta Services's dividend payout ratio (DPR) is 6.45%.

Institutional Trading of Quanta Services

A number of institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in Quanta Services in the fourth quarter worth approximately $544,937,000. Nuveen LLC bought a new position in shares of Quanta Services during the 1st quarter valued at $404,288,000. Capital World Investors boosted its stake in shares of Quanta Services by 14.1% in the 4th quarter. Capital World Investors now owns 7,223,471 shares of the construction company's stock worth $2,282,978,000 after buying an additional 891,977 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Quanta Services by 22,475.0% in the 1st quarter. GAMMA Investing LLC now owns 815,409 shares of the construction company's stock worth $207,261,000 after buying an additional 811,797 shares during the last quarter. Finally, Amundi grew its holdings in shares of Quanta Services by 188.3% in the first quarter. Amundi now owns 1,206,577 shares of the construction company's stock worth $304,139,000 after acquiring an additional 788,079 shares during the period. Hedge funds and other institutional investors own 90.49% of the company's stock.

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.