Quanta Services, Inc. (NYSE:PWR) Given Average Rating of “Moderate Buy” by Brokerages

Quanta Services, Inc. (NYSE:PWR) has received a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $262.00.

PWR has been the subject of several recent research reports. The Goldman Sachs Group lifted their price target on Quanta Services from $227.00 to $259.00 and gave the company a “buy” rating in a research report on Monday, February 26th. DA Davidson raised their price objective on Quanta Services from $225.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday. TD Cowen raised their price objective on Quanta Services from $205.00 to $270.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. Stifel Nicolaus raised their price objective on Quanta Services from $237.00 to $252.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, Citigroup raised their price objective on Quanta Services from $275.00 to $285.00 and gave the company a “buy” rating in a report on Monday, April 22nd.

Quanta Services Trading Down 0.8 %

Quanta Services stock opened at $264.86 on Thursday. The stock has a 50-day moving average of $252.43 and a two-hundred day moving average of $216.74. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 1.36. Quanta Services has a one year low of $153.74 and a one year high of $271.96. The stock has a market cap of $38.77 billion, a PE ratio of 51.33 and a beta of 1.10.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.21. Quanta Services had a return on equity of 16.25% and a net margin of 3.57%. The firm had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period last year, the business posted $1.54 earnings per share. The company’s revenue for the quarter was up 31.0% compared to the same quarter last year. On average, research analysts anticipate that Quanta Services will post 7.63 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 9th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Monday, April 8th. Quanta Services’s dividend payout ratio is presently 6.98%.

Insider Transactions at Quanta Services

In other Quanta Services news, EVP Derrick A. Jensen sold 18,500 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $236.90, for a total transaction of $4,382,650.00. Following the transaction, the executive vice president now owns 263,725 shares of the company’s stock, valued at $62,476,452.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Quanta Services news, Director Worthing Jackman sold 9,572 shares of Quanta Services stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $237.31, for a total value of $2,271,531.32. Following the sale, the director now owns 7,486 shares in the company, valued at $1,776,502.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Derrick A. Jensen sold 18,500 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $236.90, for a total value of $4,382,650.00. Following the sale, the executive vice president now directly owns 263,725 shares of the company’s stock, valued at $62,476,452.50. The disclosure for this sale can be found here. Insiders have sold 47,125 shares of company stock valued at $11,270,215 over the last ninety days. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Quanta Services

Institutional investors and hedge funds have recently made changes to their positions in the stock. Private Ocean LLC acquired a new stake in Quanta Services in the 1st quarter valued at approximately $26,000. Salomon & Ludwin LLC purchased a new stake in shares of Quanta Services in the 1st quarter valued at $26,000. Newbridge Financial Services Group Inc. purchased a new position in Quanta Services during the 4th quarter valued at about $34,000. Grove Bank & Trust grew its position in Quanta Services by 75.6% in the 3rd quarter. Grove Bank & Trust now owns 158 shares of the construction company’s stock valued at $30,000 after acquiring an additional 68 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. increased its stake in Quanta Services by 47.3% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company’s stock worth $34,000 after purchasing an additional 52 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.

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.