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

Quanta Services, Inc. (NYSE:PWR) announced a quarterly dividend on Friday, March 21st, RTT News reports. Shareholders of record on Thursday, April 3rd will be paid a dividend of 0.10 per share by the construction company on Friday, April 11th. This represents a $0.40 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend is Thursday, April 3rd.

Quanta Services has raised its dividend by an average of 14.0% annually over the last three years. Quanta Services has a payout ratio of 3.4% meaning its dividend is sufficiently covered by earnings. 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 $254.76 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. Quanta Services has a 52-week low of $227.11 and a 52-week high of $365.88. The company has a fifty day moving average of $281.43 and a 200-day moving average of $304.95. The stock has a market capitalization of $37.75 billion, a price-to-earnings ratio of 42.25, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.12. The business had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.61 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. Equities research analysts expect that Quanta Services will post 9.34 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Quanta Services stock. Brighton Jones LLC bought a new stake in shares of Quanta Services, Inc. (NYSE:PWR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 943 shares of the construction company’s stock, valued at approximately $298,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PWR. BMO Capital Markets raised shares of Quanta Services from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $338.00 to $316.00 in a research note on Tuesday, February 25th. Bank of America started coverage on shares of Quanta Services in a research note on Friday, January 24th. They issued a “buy” rating and a $407.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Stifel Nicolaus decreased their price target on shares of Quanta Services from $388.00 to $323.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Finally, Citigroup reduced their price objective on Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.79.

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.