Quanta Services, Inc. $PWR Shares Sold by Lord & Richards Wealth Management LLC

Lord & Richards Wealth Management LLC lowered its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 26.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,250 shares of the construction company’s stock after selling 813 shares during the period. Quanta Services comprises 1.3% of Lord & Richards Wealth Management LLC’s portfolio, making the stock its 21st largest holding. Lord & Richards Wealth Management LLC’s holdings in Quanta Services were worth $1,620,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PWR. Brighton Jones LLC acquired a new position in shares of Quanta Services during the 4th quarter worth approximately $298,000. Woodline Partners LP increased its position 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 buying an additional 3,606 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Quanta Services in the second quarter worth $4,632,000. Marshall Wace LLP acquired a new position in shares of Quanta Services in the second quarter worth $996,000. Finally, StoneX Group Inc. purchased a new stake in shares of Quanta Services in the second quarter valued at $204,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PWR shares. Argus set a $800.00 price objective on Quanta Services in a research report on Wednesday, August 5th. Cantor Fitzgerald initiated coverage on shares of Quanta Services in a research note on Friday, July 31st. They set an “outperform” rating on the stock. KeyCorp upgraded shares of Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 price target for the company in a report on Friday, August 7th. Oppenheimer raised shares of Quanta Services from a “market perform” rating to an “outperform” rating and set a $800.00 price objective for the company in a research report on Thursday, May 28th. Finally, BTIG Research downgraded shares of Quanta Services to a “hold” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and a consensus target price of $769.25.

Quanta Services Stock Up 1.7%

PWR opened at $620.95 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05. The stock has a market capitalization of $93.35 billion, a price-to-earnings ratio of 71.13, a price-to-earnings-growth ratio of 2.00 and a beta of 1.20. The business has a 50-day moving average of $653.14 and a two-hundred day moving average of $642.74. Quanta Services, Inc. has a 12 month low of $363.01 and a 12 month high of $788.75.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The business had revenue of $9.56 billion for the quarter, compared to analyst estimates of $8.61 billion. During the same period in the prior year, the firm posted $2.48 EPS. The company’s revenue was up 41.1% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, research analysts expect that Quanta Services, Inc. will post 15.35 earnings per share for the current year.

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is currently 5.04%.

Quanta Services announced that its board has approved a share repurchase program on Friday, May 22nd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to purchase up to 0.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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.