Quanta Services, Inc. (NYSE:PWR) Plans Quarterly Dividend of $0.10

Key Points

• Quanta Services, Inc. has announced a quarterly dividend of $0.10 per share, payable to shareholders of record on October 1st, with the payment scheduled for October 10th.
• The company reported $2.48 earnings per share for the last quarter, exceeding analysts’ expectations of $2.44, and experiencing a 21.1% year-over-year revenue increase.
• Quanta Services has a low dividend payout ratio of 3.4%, indicating strong earnings coverage for its dividend, with projections suggesting continued financial stability in the following fiscal year.

Quanta Services, Inc. (NYSE:PWR - Get Free Report) announced a quarterly dividend on Thursday, August 28th, RTT News reports. Shareholders of record on Wednesday, October 1st will be given a dividend of 0.10 per share by the construction company on Friday, October 10th. This represents a c) dividend on an annualized basis and a yield of 0.1%.

Quanta Services has a dividend payout ratio of 3.4% indicating that 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 Price Performance

Shares of Quanta Services stock opened at $382.29 on Thursday. The firm's 50-day moving average price is $386.50 and its two-hundred day moving average price is $326.61. Quanta Services has a 1-year low of $227.08 and a 1-year high of $424.94. The stock has a market capitalization of $56.97 billion, a price-to-earnings ratio of 59.18, a P/E/G ratio of 2.28 and a beta of 1.10. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59.

Quanta Services (NYSE:PWR - Get Free Report) last announced its earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.44 by $0.04. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same period in the prior year, the business earned $1.90 earnings per share. Quanta Services's quarterly revenue was up 21.1% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. On average, equities analysts predict that Quanta Services will post 9.34 earnings per share for the current fiscal year.

Institutional Trading of Quanta Services

A number of hedge funds have recently bought and sold shares of PWR. Vanguard Group Inc. boosted its position in shares of Quanta Services by 1.9% during the second quarter. Vanguard Group Inc. now owns 17,756,682 shares of the construction company's stock worth $6,713,446,000 after acquiring an additional 339,383 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Quanta Services by 0.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,821,962 shares of the construction company's stock valued at $2,579,259,000 after buying an additional 49,334 shares in the last quarter. State Street Corp lifted its stake in Quanta Services by 0.4% in the 2nd quarter. State Street Corp now owns 6,007,287 shares of the construction company's stock worth $2,271,235,000 after purchasing an additional 24,669 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Quanta Services by 4.1% during the 2nd quarter. Geode Capital Management LLC now owns 3,873,293 shares of the construction company's stock worth $1,458,362,000 after purchasing an additional 152,823 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Quanta Services by 57.2% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company's stock valued at $917,009,000 after acquiring an additional 882,209 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company's stock.

About Quanta Services

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.

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