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

Quanta Services, Inc. (NYSE:PWR) declared a quarterly dividend on Friday, May 22nd. Stockholders of record on Wednesday, July 1st will be given 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 dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 1st.

Quanta Services has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 6 years. Quanta Services has a dividend payout ratio of 3.7% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Performance

Shares of Quanta Services stock traded up $5.69 during trading on Friday, reaching $722.60. The company’s stock had a trading volume of 774,747 shares, compared to its average volume of 1,131,831. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14. The business’s fifty day moving average price is $628.92 and its 200-day moving average price is $527.29. The firm has a market cap of $108.43 billion, a price-to-earnings ratio of 99.12, a price-to-earnings-growth ratio of 2.44 and a beta of 1.24. Quanta Services has a one year low of $326.89 and a one year high of $788.75.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.64. The business had revenue of $7.87 billion for 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 revenue for the quarter was up 26.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, equities research analysts predict that Quanta Services will post 12.84 earnings per share for the current year.

Insider Transactions at Quanta Services

In related news, CEO Earl C. Jr. Austin sold 25,992 shares of Quanta Services stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the sale, the chief executive officer directly owned 16,508 shares of the company’s stock, valued at $12,722,880.68. This trade represents a 61.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $756.98, for a total value of $3,027,920.00. Following the sale, the chief accounting officer directly owned 8,080 shares in the company, valued at approximately $6,116,398.40. This trade represents a 33.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 159,992 shares of company stock worth $123,244,714. 0.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PWR. Brighton Jones LLC acquired a new position in Quanta Services during the fourth quarter worth $298,000. Woodline Partners LP raised its stake in Quanta Services by 40.7% during the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after acquiring an additional 3,606 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Quanta Services in the 2nd quarter worth approximately $4,632,000. Marshall Wace LLP acquired a new position in shares of Quanta Services in the 2nd quarter worth approximately $996,000. Finally, StoneX Group Inc. acquired a new position in shares of Quanta Services in the 2nd quarter worth approximately $204,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

About Quanta Services

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.