Quanta Services, Inc. (NYSE:PWR - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $227.08 and last traded at $228.93, with a volume of 195931 shares. The stock had previously closed at $239.47.
Analyst Ratings Changes
A number of brokerages have recently commented on PWR. Roth Mkm started coverage on shares of Quanta Services in a research report on Friday, February 21st. They issued a "buy" rating and a $350.00 target price for the company. Piper Sandler started coverage on shares of Quanta Services in a research note on Tuesday. They issued an "overweight" rating and a $286.00 target price on the stock. Daiwa Capital Markets cut Quanta Services from an "outperform" rating to a "neutral" rating in a report on Monday, February 24th. Bank of America started coverage on Quanta Services in a report on Friday, January 24th. They issued a "buy" rating and a $407.00 price target for the company. Finally, B. Riley restated a "neutral" rating and issued a $300.00 target price (down from $343.00) on shares of Quanta Services in a report on Wednesday, March 19th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $319.25.
Check Out Our Latest Report on PWR
Quanta Services Stock Performance
The stock has a 50-day moving average price of $267.21 and a 200 day moving average price of $302.53. The firm has a market capitalization of $40.00 billion, a price-to-earnings ratio of 44.76, a P/E/G ratio of 1.41 and a beta of 1.04. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56.
Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, beating analysts' consensus estimates of $2.62 by $0.12. The company had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.61 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. On average, analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.
Quanta Services Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd were paid a $0.10 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $0.40 annualized dividend and a yield of 0.15%. Quanta Services's dividend payout ratio is currently 6.63%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Banque Transatlantique SA purchased a new stake in shares of Quanta Services in the 4th quarter valued at about $25,000. Quarry LP acquired a new position in shares of Quanta Services in the 4th quarter valued at $26,000. Webster Bank N. A. boosted its stake in Quanta Services by 4,050.0% during the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company's stock worth $26,000 after purchasing an additional 81 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Quanta Services during the fourth quarter worth about $27,000. Finally, Sound Income Strategies LLC increased its position in Quanta Services by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company's stock valued at $33,000 after acquiring an additional 91 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.
Quanta Services Company Profile
(
Get Free Report)
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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