Stifel Nicolaus Cuts Quanta Services (NYSE:PWR) Price Target to $287.00

Quanta Services (NYSE:PWR - Free Report) had its target price lowered by Stifel Nicolaus from $323.00 to $287.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the construction company's stock.

Other equities analysts have also recently issued reports about the stock. Bank of America initiated coverage on shares of Quanta Services in a research report on Friday, January 24th. They issued a "buy" rating and a $407.00 target price for the company. Roth Capital upgraded Quanta Services to a "strong-buy" rating in a research note on Thursday, February 20th. Truist Financial decreased their price target on Quanta Services from $398.00 to $324.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Daiwa Capital Markets downgraded Quanta Services from an "outperform" rating to a "neutral" rating in a research report on Monday, February 24th. Finally, Citigroup decreased their target price on Quanta Services from $394.00 to $371.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $319.25.

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Quanta Services Price Performance

Shares of PWR stock traded up $2.56 during trading on Wednesday, hitting $272.13. The company had a trading volume of 478,401 shares, compared to its average volume of 1,687,281. The firm has a market capitalization of $40.33 billion, a P/E ratio of 45.13, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04. Quanta Services has a one year low of $227.08 and a one year high of $365.88. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. The stock's 50-day moving average price is $267.21 and its 200 day moving average price is $302.57.

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

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 3rd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date was Thursday, April 3rd. Quanta Services's dividend payout ratio is presently 6.63%.

Institutional Trading of Quanta Services

A number of institutional investors have recently bought and sold shares of the company. Banque Transatlantique SA bought a new stake in shares of Quanta Services during the 4th quarter valued at about $25,000. Webster Bank N. A. boosted its holdings in shares of 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 buying an additional 81 shares in the last quarter. Quarry LP acquired a new stake in shares of Quanta Services during the 4th quarter worth approximately $26,000. Sierra Ocean LLC bought a new stake in shares of Quanta Services in the 4th quarter valued at $27,000. Finally, Prestige Wealth Management Group LLC acquired a new position in shares of Quanta Services during the 3rd quarter valued at $30,000. Institutional investors own 90.49% of the company's stock.

Quanta Services Company Profile

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.