Lord & Richards Wealth Management LLC Cuts Position in Quanta Services, Inc. $PWR

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of PWR. Cedar Mountain Advisors LLC lifted its position in Quanta Services by 321.4% during the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after buying an additional 45 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Quanta Services in the second quarter worth $26,000. Boreal Capital Management LLC purchased a new position in shares of Quanta Services in the 1st quarter valued at $27,000. MV Capital Management Inc. acquired a new position in shares of Quanta Services during the 4th quarter valued at $30,000. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Quanta Services by 221.7% during the 4th quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock valued at $31,000 after acquiring an additional 51 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Performance

Quanta Services stock opened at $620.95 on Friday. Quanta Services, Inc. has a 12-month low of $363.01 and a 12-month high of $788.75. 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 company 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 firm’s fifty day moving average price is $653.14 and its 200 day moving average price is $642.74.

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

Quanta Services announced that its board has authorized a share repurchase program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to buy up to 0.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Quanta Services Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PWR. Zacks Research upgraded Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. UBS Group restated a “buy” rating on shares of Quanta Services in a research note on Monday, August 17th. Morgan Stanley downgraded Quanta Services to an “underweight” rating in a research report on Monday, August 3rd. Cantor Fitzgerald started coverage on Quanta Services in a research note on Friday, July 31st. They issued an “outperform” rating for the company. Finally, Weiss Ratings lowered Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $769.25.

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.