Lord & Richards Wealth Management LLC Purchases 3,277 Shares of Quanta Services, Inc. (NYSE:PWR)

Lord & Richards Wealth Management LLC lifted its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 188.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,016 shares of the construction company's stock after buying an additional 3,277 shares during the period. Quanta Services makes up 1.4% of Lord & Richards Wealth Management LLC's holdings, making the stock its 18th biggest position. Lord & Richards Wealth Management LLC's holdings in Quanta Services were worth $1,275,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PWR. Banque Transatlantique SA acquired a new position in shares of Quanta Services during the 4th quarter valued at about $25,000. Quarry LP purchased a new stake in Quanta Services during the fourth quarter worth about $26,000. OLD Second National Bank of Aurora purchased a new stake in Quanta Services during the first quarter worth about $42,000. Sound Income Strategies LLC increased its stake in Quanta Services by 77.9% during the first quarter. Sound Income Strategies LLC now owns 185 shares of the construction company's stock worth $47,000 after purchasing an additional 81 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Quanta Services by 181.8% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 186 shares of the construction company's stock worth $59,000 after purchasing an additional 120 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Price Performance

PWR stock traded up $9.17 during midday trading on Thursday, reaching $398.29. 1,000,126 shares of the company's stock traded hands, compared to its average volume of 1,441,404. The company has a 50-day simple moving average of $359.19 and a two-hundred day simple moving average of $311.74. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $398.61. The company has a market cap of $59.05 billion, a price-to-earnings ratio of 64.24, a PEG ratio of 3.01 and a beta of 1.08. The company has a quick ratio of 1.26, a current ratio of 1.31 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR - Get Free Report) last released its earnings results on Thursday, May 1st. The construction company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. The company had revenue of $6.23 billion during the quarter, compared to analysts' expectations of $5.88 billion. Quanta Services had a return on equity of 18.06% and a net margin of 3.74%. The business's revenue for the quarter was up 23.9% on a year-over-year basis. During the same period last year, the firm earned $1.41 EPS. On average, analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Tuesday, July 1st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $0.40 annualized dividend and a yield of 0.10%. Quanta Services's dividend payout ratio is presently 6.45%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. UBS Group set a $413.00 price target on Quanta Services and gave the company a "buy" rating in a report on Thursday, June 12th. Northland Capmk downgraded Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 2nd. B. Riley raised their target price on Quanta Services from $300.00 to $355.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. BMO Capital Markets cut Quanta Services from an "outperform" rating to a "market perform" rating and raised their price target for the company from $352.00 to $400.00 in a research report on Thursday. Finally, Daiwa America upgraded Quanta Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. Ten investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $355.75.

About Quanta Services

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company's Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.