Quanta Services, Inc. (NYSE:PWR) Receives $330.50 Average Price Target from Analysts

Quanta Services, Inc. (NYSE:PWR) has been given a consensus rating of “Moderate Buy” by the twenty analysts that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, fifteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $330.50.

PWR has been the topic of several analyst reports. Truist Financial dropped their price target on shares of Quanta Services from $399.00 to $398.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. upped their target price on shares of Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Daiwa Capital Markets assumed coverage on Quanta Services in a report on Friday, December 6th. They set an “outperform” rating and a $355.00 price target for the company. UBS Group boosted their price target on Quanta Services from $313.00 to $367.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Citigroup cut their price objective on Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Diversified Trust Co raised its stake in Quanta Services by 5.7% during the third quarter. Diversified Trust Co now owns 948 shares of the construction company’s stock worth $283,000 after buying an additional 51 shares during the last quarter. Mather Group LLC. grew its holdings in Quanta Services by 31.8% during the 3rd quarter. Mather Group LLC. now owns 916 shares of the construction company’s stock worth $273,000 after acquiring an additional 221 shares during the period. Atomi Financial Group Inc. bought a new position in shares of Quanta Services in the 3rd quarter worth about $220,000. Wedmont Private Capital lifted its stake in shares of Quanta Services by 9.0% in the 3rd quarter. Wedmont Private Capital now owns 4,895 shares of the construction company’s stock valued at $1,505,000 after purchasing an additional 405 shares during the period. Finally, Sanibel Captiva Trust Company Inc. boosted its position in shares of Quanta Services by 156.8% during the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 7,485 shares of the construction company’s stock valued at $2,232,000 after purchasing an additional 4,570 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

Shares of PWR opened at $298.44 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.58. Quanta Services has a 12 month low of $205.82 and a 12 month high of $365.88. The firm has a fifty day simple moving average of $322.55 and a 200 day simple moving average of $303.94. The stock has a market capitalization of $44.05 billion, a price-to-earnings ratio of 55.06, a PEG ratio of 1.56 and a beta of 1.05.

Quanta Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, January 2nd were issued a $0.10 dividend. The ex-dividend date was Thursday, January 2nd. This is a boost from Quanta Services’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 0.13%. Quanta Services’s dividend payout ratio is presently 7.38%.

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.