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

Quanta Services, Inc. (NYSE:PWR) declared a quarterly dividend on Friday, May 22nd. 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 is Wednesday, July 1st.

Quanta Services has increased its dividend payment by an average of 0.1%annually 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 $15.14 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

NYSE PWR traded up $5.69 on Friday, reaching $722.60. 774,747 shares of the stock traded hands, compared to its average volume of 1,131,831. The firm’s fifty day simple moving average is $628.92 and its 200 day simple moving average is $527.29. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57. The company has a market cap of $108.43 billion, a price-to-earnings ratio of 99.12, a P/E/G ratio of 2.44 and a beta of 1.24. Quanta Services has a 12 month low of $326.89 and a 12 month high of $788.75.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.64. The firm had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7 billion. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The firm’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period last year, the company posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, research analysts predict that Quanta Services will post 12.84 EPS for the current fiscal year.

Insider Buying and Selling at Quanta Services

In related news, CAO Paul Nobel sold 4,000 shares of the company’s stock in a transaction on Monday, May 4th. The stock was 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 approximately $6,116,398.40. The trade was a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total value of $100,184,500.00. Following the transaction, the chief executive officer directly owned 556,911 shares in the company, valued at $429,183,462.15. The trade was a 18.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,992 shares of company stock worth $123,244,714 over the last three months. 0.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Lansforsakringar Fondforvaltning AB publ raised its holdings in Quanta Services by 5.4% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock valued at $19,316,000 after buying an additional 2,375 shares in the last quarter. Chilton Capital Management LLC raised its holdings in Quanta Services by 63.3% during the third quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock valued at $69,016,000 after buying an additional 64,560 shares in the last quarter. Yahav Achim Ve Achayot Provident Funds Management Co Ltd. bought a new position in Quanta Services during the third quarter valued at about $1,752,000. Atria Investments Inc boosted its holdings in shares of Quanta Services by 20.4% during the 3rd quarter. Atria Investments Inc now owns 13,818 shares of the construction company’s stock worth $5,727,000 after buying an additional 2,340 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 buying an additional 4,568 shares during the period. 90.49% of the stock is owned by institutional investors and hedge funds.

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.