NYSE:PWR - Quanta Services Stock Price, Forecast & News

Quanta Services trades on the New York Stock Exchange (NYSE) under the ticker symbol "PWR."

Quanta Services declared a quarterly dividend on Thursday, December 12th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.05 per share on Thursday, January 16th. This represents a $0.20 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Quanta Services's previous quarterly dividend of $0.04. View Quanta Services' Dividend History.

Quanta Services announced that its board has authorized a stock buyback plan on Tuesday, September 4th 2018, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 9.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Quanta Services Inc (NYSE:PWR) issued its quarterly earnings results on Thursday, October, 31st. The construction company reported $1.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.97 by $0.17. The construction company earned $3.35 billion during the quarter, compared to the consensus estimate of $3.17 billion. Quanta Services had a return on equity of 12.17% and a net margin of 2.81%. Quanta Services's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 EPS. View Quanta Services' Earnings History.

Quanta Services is scheduled to release their next quarterly earnings announcement on Thursday, February 20th 2020. View Earnings Estimates for Quanta Services.

Quanta Services updated its FY19 earnings guidance on Thursday, October, 31st. The company provided earnings per share guidance of $3.16-3.28 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.22. The company issued revenue guidance of ~$12.0 billion, compared to the consensus revenue estimate of $11.73 billion.

6 brokerages have issued 1-year price objectives for Quanta Services' shares. Their forecasts range from $41.00 to $50.00. On average, they anticipate Quanta Services' share price to reach $45.00 in the next year. This suggests a possible upside of 9.6% from the stock's current price. View Analyst Price Targets for Quanta Services.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Quanta Services in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Quanta Services.

Media headlines about PWR stock have trended somewhat negative on Monday, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Quanta Services earned a news sentiment score of -1.7 on InfoTrie's scale. They also gave press coverage about the construction company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for Quanta Services.

Quanta Services saw a decline in short interest in the month of November. As of November 29th, there was short interest totalling 5,670,000 shares, a decline of 7.0% from the November 14th total of 6,100,000 shares. Based on an average daily trading volume, of 1,350,000 shares, the days-to-cover ratio is presently 4.2 days. Currently, 4.0% of the company's shares are sold short. View Quanta Services' Current Options Chain.

Some companies that are related to Quanta Services include Jacobs Engineering Group (JEC), Aecom (ACM), Emcor Group (EME), MasTec (MTZ), KBR (KBR), Fluor Co. (NEW) (FLR), Comfort Systems USA (FIX), Dycom Industries (DY), Granite Construction (GVA), Primoris Services (PRIM), Tutor Perini (TPC), Ameresco (AMRC), Great Lakes Dredge & Dock (GLDD), Aegion (AEGN) and Argan (AGX).

Based on aggregate information from My MarketBeat watchlists, some companies that other Quanta Services investors own include Skyworks Solutions (SWKS), Laredo Petroleum (LPI), Teekay Tankers (TNK), Exxon Mobil (XOM), Intel (INTC), Cisco Systems (CSCO), General Electric (GE), UnitedHealth Group (UNH), Wells Fargo & Co (WFC) and Ford Motor (F).

Quanta Services' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include State Street Corp (3.21%), Voya Investment Management LLC (2.74%), Copper Rock Capital Partners LLC (0.42%), Dalton Greiner Hartman Maher & Co. (0.40%), Millennium Management LLC (0.36%) and Engine Capital Management LP (0.34%). Company insiders that own Quanta Services stock include Bernard Fried, Derrick A Jensen, Donald Wayne, Dorothy Upperman, Earl C Jr Austin, James Redgie Probst, Jerry K Lemon and Vincent D Foster. View Institutional Ownership Trends for Quanta Services.

PWR stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Copper Rock Capital Partners LLC, Daiwa Securities Group Inc., Pictet Asset Management Ltd., Squarepoint Ops LLC, Hussman Strategic Advisors Inc., First Trust Advisors LP and Tributary Capital Management LLC. Company insiders that have sold Quanta Services company stock in the last year include Bernard Fried, Donald Wayne, Dorothy Upperman, James Redgie Probst and Jerry K Lemon. View Insider Buying and Selling for Quanta Services.

PWR stock was bought by a variety of institutional investors in the last quarter, including Voya Investment Management LLC, Millennium Management LLC, Engine Capital Management LP, Tygh Capital Management Inc., Boston Advisors LLC, California Public Employees Retirement System, Banco de Sabadell S.A and Stifel Financial Corp. Company insiders that have bought Quanta Services stock in the last two years include Derrick A Jensen, Earl C Jr Austin and Vincent D Foster. View Insider Buying and Selling for Quanta Services.

Shares of PWR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of PWR stock can currently be purchased for approximately $41.06.

Quanta Services has a market capitalization of $5.84 billion and generates $11.17 billion in revenue each year. The construction company earns $293.35 million in net income (profit) each year or $2.53 on an earnings per share basis. Quanta Services employs 39,200 workers across the globe.View Additional Information About Quanta Services.

The official website for Quanta Services is http://www.quantaservices.com/.

Quanta Services' mailing address is 2800 POST OAK BOULEVARD SUITE 2600, HOUSTON TX, 77056. The construction company can be reached via phone at 713-629-7600 or via email at [email protected]