Quanta Services Inc (NYSE:PWR) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $37.31 and traded as high as $38.33. Quanta Services shares last traded at $38.17, with a volume of 22,190 shares changing hands.

A number of brokerages have recently weighed in on PWR. DA Davidson began coverage on shares of Heartland Banccorp in a report on Tuesday, April 16th. They issued a “buy” rating and a $96.00 price objective on the stock. Citigroup set a $47.00 price objective on shares of Quanta Services and gave the company a “buy” rating in a report on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $42.80.

The stock has a 50 day simple moving average of $37.38. The company has a quick ratio of 1.95, a current ratio of 2.00 and a debt-to-equity ratio of 0.41. The company has a market cap of $5.34 billion, a PE ratio of 15.09 and a beta of 1.18.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.13. Quanta Services had a net margin of 3.25% and a return on equity of 12.71%. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the business earned $0.40 EPS. Quanta Services’s revenue for the quarter was up 16.1% compared to the same quarter last year. On average, equities research analysts anticipate that Quanta Services Inc will post 3.36 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.16 annualized dividend and a yield of 0.42%. Quanta Services’s dividend payout ratio is currently 6.32%.

In related news, insider James Redgie Probst sold 100,000 shares of Quanta Services stock in a transaction on Monday, April 15th. The shares were sold at an average price of $40.00, for a total transaction of $4,000,000.00. Following the sale, the insider now directly owns 47,420 shares in the company, valued at approximately $1,896,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the business. Swiss National Bank grew its position in Quanta Services by 1.1% during the 1st quarter. Swiss National Bank now owns 267,035 shares of the construction company’s stock worth $10,078,000 after purchasing an additional 3,000 shares during the last quarter. Intact Investment Management Inc. purchased a new position in Quanta Services during the 1st quarter worth $279,000. Cadence Bank NA purchased a new position in Quanta Services during the 1st quarter worth $265,000. AlphaCrest Capital Management LLC grew its position in Quanta Services by 25.4% during the 1st quarter. AlphaCrest Capital Management LLC now owns 15,802 shares of the construction company’s stock worth $596,000 after purchasing an additional 3,202 shares during the last quarter. Finally, Jennison Associates LLC grew its position in Quanta Services by 8.2% during the 1st quarter. Jennison Associates LLC now owns 2,209,785 shares of the construction company’s stock worth $83,397,000 after purchasing an additional 166,566 shares during the last quarter. 86.37% of the stock is currently owned by institutional investors.

About Quanta Services (NYSE:PWR)

Quanta Services, Inc provides specialty contracting services in the United States, Canada, Australia, Latin America, and internationally. Its Electric Power Infrastructure Services segment designs, installs, upgrades, repairs, and maintains electric power transmission and distribution infrastructure, and substation facilities, as well as provides other engineering and technical services; designs, installs, maintains, and repairs commercial and industrial wiring; and operates a postsecondary educational institution.

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