Quanta Services, Inc. (NYSE:PWR - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $291.49 and traded as high as $322.40. Quanta Services shares last traded at $318.98, with a volume of 1,084,612 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. began coverage on Quanta Services in a research note on Monday, October 7th. They issued a "neutral" rating and a $297.00 target price for the company. Jefferies Financial Group began coverage on Quanta Services in a research report on Wednesday, September 4th. They issued a "hold" rating and a $256.00 target price on the stock. Northland Securities reissued an "outperform" rating and set a $328.00 price target (up from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. UBS Group upped their price objective on shares of Quanta Services from $313.00 to $367.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Finally, Robert W. Baird raised their target price on shares of Quanta Services from $320.00 to $333.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $324.25.
Read Our Latest Stock Report on PWR
Quanta Services Trading Down 0.9 %
The firm has a market cap of $46.65 billion, a price-to-earnings ratio of 58.31 and a beta of 1.03. The company's 50-day moving average price is $326.75 and its 200-day moving average price is $291.79. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58.
Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.46 by $0.26. The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.56 billion. Quanta Services had a return on equity of 16.71% and a net margin of 3.54%. Quanta Services's quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.08 EPS. Equities analysts expect that Quanta Services, Inc. will post 7.9 EPS for the current fiscal year.
Quanta Services Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a boost from Quanta Services's previous quarterly dividend of $0.09. Quanta Services's payout ratio is 7.38%.
Institutional Trading of Quanta Services
A number of hedge funds have recently bought and sold shares of PWR. Legacy Investment Solutions LLC purchased a new position in shares of Quanta Services during the 3rd quarter worth $31,000. Prestige Wealth Management Group LLC purchased a new position in Quanta Services during the third quarter worth about $30,000. Valley Wealth Managers Inc. acquired a new position in Quanta Services in the 2nd quarter valued at about $33,000. Quest Partners LLC purchased a new stake in shares of Quanta Services in the 2nd quarter valued at approximately $35,000. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of Quanta Services during the 3rd quarter worth approximately $41,000. Institutional investors and hedge funds own 90.49% of the company's stock.
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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