Quanta Services, Inc. (PWR) to Issue Quarterly Dividend of $0.11 on July 13th

Quanta Services, Inc. (NYSE:PWR) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Wednesday, July 1st will be paid a dividend of 0.11 per share by the construction company on Monday, July 13th. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 1st.

Quanta Services has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 6 years. Quanta Services has a payout ratio of 3.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Quanta Services to earn $15.22 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 2.9%.

Quanta Services Price Performance

Quanta Services stock opened at $686.73 on Monday. The stock has a market capitalization of $103.05 billion, a price-to-earnings ratio of 94.20, a PEG ratio of 2.71 and a beta of 1.20. Quanta Services has a 52-week low of $363.01 and a 52-week high of $788.75. The stock’s 50 day moving average price is $702.52 and its two-hundred day moving average price is $575.19. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.64. The company had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. Quanta Services’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, equities analysts predict that Quanta Services will post 12.81 earnings per share for the current year.

Insiders Place Their Bets

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction on Monday, May 4th. The shares were sold at an average price of $756.98, for a total transaction of $3,027,920.00. Following the transaction, the chief accounting officer directly owned 8,080 shares of the company’s stock, valued at $6,116,398.40. The trade was a 33.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the completion of the sale, the chief executive officer owned 556,911 shares of the company’s stock, valued at approximately $429,183,462.15. This represents a 18.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 159,992 shares of company stock worth $123,244,714 over the last ninety days. Insiders own 0.60% of the company’s stock.

Institutional Trading of Quanta Services

A number of institutional investors and hedge funds have recently modified their holdings of PWR. Evoke Wealth LLC purchased a new stake in Quanta Services in the fourth quarter worth $368,000. Sequoia Financial Advisors LLC grew its stake in shares of Quanta Services by 3.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 130,436 shares of the construction company’s stock worth $55,052,000 after acquiring an additional 3,966 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Quanta Services by 9.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,602 shares of the construction company’s stock worth $21,357,000 after acquiring an additional 4,568 shares during the period. Lebenthal Global Advisors LLC increased its holdings in Quanta Services by 9.8% in the 4th quarter. Lebenthal Global Advisors LLC now owns 9,277 shares of the construction company’s stock worth $3,915,000 after acquiring an additional 830 shares during the last quarter. Finally, North Dakota State Investment Board bought a new stake in Quanta Services in the 4th quarter valued at about $2,131,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

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.