Quanta Services, Inc. (NYSE:PWR) Receives $268.85 Consensus Target Price from Analysts

Quanta Services, Inc. (NYSE:PWR) has been given an average rating of “Moderate Buy” by the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $268.85.

A number of equities analysts recently weighed in on PWR shares. B. Riley boosted their price target on shares of Quanta Services from $246.00 to $286.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Robert W. Baird boosted their target price on shares of Quanta Services from $265.00 to $287.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. The Goldman Sachs Group boosted their target price on shares of Quanta Services from $259.00 to $286.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Evercore ISI boosted their target price on shares of Quanta Services from $255.00 to $288.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. Finally, Argus boosted their target price on shares of Quanta Services from $285.00 to $310.00 and gave the company a “buy” rating in a report on Thursday, May 30th.

Institutional Investors Weigh In On Quanta Services

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. EntryPoint Capital LLC purchased a new stake in Quanta Services during the 1st quarter worth approximately $25,000. Private Ocean LLC purchased a new stake in Quanta Services during the 1st quarter worth approximately $26,000. Salomon & Ludwin LLC purchased a new stake in Quanta Services during the 1st quarter worth approximately $26,000. Cambridge Trust Co. purchased a new stake in Quanta Services during the 1st quarter worth approximately $26,000. Finally, Hazlett Burt & Watson Inc. increased its stake in Quanta Services by 47.3% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company’s stock worth $34,000 after buying an additional 52 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Stock Performance

PWR opened at $247.78 on Friday. The firm has a market capitalization of $36.27 billion, a PE ratio of 48.02 and a beta of 1.03. Quanta Services has a twelve month low of $153.74 and a twelve month high of $286.87. The firm’s 50-day moving average price is $268.75 and its 200 day moving average price is $241.45. The company has a current ratio of 1.36, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, May 2nd. The construction company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.14. The firm had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.96 billion. Quanta Services had a net margin of 3.57% and a return on equity of 16.25%. As a group, sell-side analysts expect that Quanta Services will post 7.69 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Monday, July 1st will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date is Monday, July 1st. Quanta Services’s dividend payout ratio (DPR) is 6.98%.

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.