Quanta Services (NYSE:PWR) Rating Increased to Hold at B. Riley

B. Riley upgraded shares of Quanta Services (NYSE:PWR - Free Report) to a hold rating in a research note published on Tuesday,Zacks.com reports.

Several other research firms have also issued reports on PWR. Roth Capital upgraded Quanta Services to a "strong-buy" rating in a report on Thursday, February 20th. Citigroup decreased their target price on shares of Quanta Services from $394.00 to $371.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Guggenheim assumed coverage on shares of Quanta Services in a research note on Wednesday, January 8th. They issued a "neutral" rating for the company. Roth Mkm started coverage on shares of Quanta Services in a research note on Friday, February 21st. They set a "buy" rating and a $350.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their target price on shares of Quanta Services from $297.00 to $323.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $326.79.

Quanta Services Stock Up 4.1 %

Shares of Quanta Services stock traded up $10.99 during trading on Tuesday, reaching $279.21. The stock had a trading volume of 1,346,596 shares, compared to its average volume of 1,749,181. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $41.38 billion, a price-to-earnings ratio of 46.30, a P/E/G ratio of 1.41 and a beta of 1.10. Quanta Services has a 52 week low of $227.11 and a 52 week high of $365.88. The stock has a fifty day moving average price of $288.60 and a two-hundred day moving average price of $304.81.

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Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.12. The company had revenue of $6.55 billion during the quarter, compared to analysts' expectations of $6.61 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. Sell-side analysts predict that Quanta Services will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.14%. Quanta Services's payout ratio is 6.63%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Banque Transatlantique SA bought a new stake in shares of Quanta Services during the 4th quarter worth approximately $25,000. Webster Bank N. A. boosted its holdings in shares of Quanta Services by 4,050.0% in the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company's stock valued at $26,000 after purchasing an additional 81 shares in the last quarter. Quarry LP bought a new position in shares of Quanta Services in the fourth quarter worth about $26,000. Sierra Ocean LLC acquired a new position in Quanta Services during the 4th quarter worth approximately $27,000. Finally, Prestige Wealth Management Group LLC bought a new position in Quanta Services in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds 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.