Quanta Services, Inc. (NYSE:PWR), the renowned provider of infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries, has recently caught the attention of investors. While Spire Wealth Management reduced its position in Quanta Services during the second quarter, the company remains a strong player in the market.
Quanta Services: A Closer Look
Quanta Services is known for its expertise in designing, procuring, constructing, upgrading, repairing, and maintaining electric power transmission and distribution infrastructure and substation facilities. Additionally, the company is involved in the installation and maintenance of electric power infrastructure projects, as well as the installation of smart grid technologies on electric power networks. Quanta Services also specializes in the design, installation, maintenance, and repair of commercial and industrial wirings.
Quanta Services Trading Update
Quanta Services has seen positive movement in its stock price, with shares trading up 1.1% on Monday. The stock reached $176.03 during midday trading. The company’s market cap is $25.58 billion, and it has a beta of 1.11.
Quanta Services recently announced a quarterly dividend, with shareholders of record on Monday, October 2nd receiving a $0.08 dividend. The ex-dividend date for the dividend was Friday, September 29th. With an annualized dividend of $0.32 and a yield of 0.18%, Quanta Services’s payout ratio stands at 6.82%.
Research analysts have been positive on Quanta Services, with several upgrading their price targets for the stock. Credit Suisse Group raised their price target to $238.00, while Northland Securities increased theirs to $210.00. Robert W. Baird reiterated their “outperform” rating and set a price target of $219.00. Citigroup also raised their target price to $234.00 and gave the stock a “buy” rating. Overall, the company has an average rating of “Moderate Buy” and an average target price of $208.91.
In related news, EVP Donald Wayne sold 5,000 shares of Quanta Services stock at an average price of $210.92, amounting to a total transaction of $1,054,600.00. The executive vice president now holds 41,323 shares of the company’s stock, valued at approximately $8,715,847.16. This transaction was disclosed through a filing with the Securities & Exchange Commission.
Quanta Services: A Trusted Name
Quanta Services has become a trusted name in the infrastructure solutions industry, offering a wide range of services to meet the growing demands of the electric and gas utility, renewable energy, communications, and pipeline and energy industries. With its track record of success and commitment to excellence, Quanta Services continues to be a top choice for investors looking for long-term growth and stability.
Frequently Asked Questions (FAQ)
1. What is Quanta Services?
Quanta Services, Inc. is a leading provider of infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries. The company specializes in designing, constructing, upgrading, and maintaining various aspects of infrastructure projects.
2. What services does Quanta Services offer?
Quanta Services offers a wide range of services, including the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities. The company is also involved in the installation of smart grid technologies, as well as the design, installation, maintenance, and repair of commercial and industrial wirings.
3. What is Quanta Services’ current stock price?
Quanta Services’ stock is currently trading at $176.03.
4. Does Quanta Services pay dividends?
Yes, Quanta Services recently announced a quarterly dividend of $0.08 per share.
5. What are the analyst ratings for Quanta Services?
Analysts have generally been positive on Quanta Services, with an average rating of “Moderate Buy” and an average target price of $208.91. Several research firms have upgraded their price targets for the stock, reflecting their optimism about its potential.
– [Quanta Services](https://www.quantaservices.com/)