Quanta Services, Inc. Announces Quarterly Dividend of $0.11 (NYSE:PWR)

Quanta Services, Inc. (NYSE:PWR) declared a quarterly dividend on Friday, March 20th. Investors of record on Thursday, April 2nd will be paid a dividend of 0.11 per share by the construction company on Friday, April 10th. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, April 2nd.

Quanta Services has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Quanta Services has a dividend payout ratio of 3.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Quanta Services to earn $10.38 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 4.2%.

Quanta Services Trading Down 3.8%

Shares of NYSE:PWR traded down $22.23 on Friday, hitting $555.73. The company had a trading volume of 1,688,806 shares, compared to its average volume of 1,127,377. The firm’s 50-day simple moving average is $515.67 and its two-hundred day simple moving average is $457.74. The firm has a market capitalization of $83.15 billion, a price-to-earnings ratio of 81.72, a P/E/G ratio of 2.60 and a beta of 1.10. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58. Quanta Services has a 1 year low of $227.08 and a 1 year high of $583.73.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The company had revenue of $7.84 billion for the quarter, compared to analysts’ expectations of $7.38 billion. During the same quarter in the previous year, the company earned $2.94 earnings per share. Quanta Services’s quarterly revenue was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Equities analysts anticipate that Quanta Services will post 9.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PWR has been the subject of a number of recent research reports. Robert W. Baird lifted their price target on shares of Quanta Services from $490.00 to $606.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Wolfe Research lifted their target price on Quanta Services from $477.00 to $576.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Bank of America boosted their price target on Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a report on Friday, February 20th. The Goldman Sachs Group raised their price objective on Quanta Services from $495.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Finally, Jefferies Financial Group boosted their price objective on Quanta Services from $506.00 to $634.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Seventeen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $576.55.

Quanta Services Company Profile

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.