Lord & Richards Wealth Management LLC Purchases Shares of 1,739 Quanta Services, Inc. (NYSE:PWR)

Lord & Richards Wealth Management LLC bought a new stake in Quanta Services, Inc. (NYSE:PWR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,739 shares of the construction company's stock, valued at approximately $550,000. Quanta Services makes up about 1.2% of Lord & Richards Wealth Management LLC's investment portfolio, making the stock its 28th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. raised its holdings in shares of Quanta Services by 0.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,167 shares of the construction company's stock valued at $1,317,000 after purchasing an additional 29 shares during the period. Commonwealth Financial Services LLC boosted its stake in Quanta Services by 2.6% in the 4th quarter. Commonwealth Financial Services LLC now owns 1,152 shares of the construction company's stock valued at $364,000 after purchasing an additional 29 shares during the period. HB Wealth Management LLC grew its holdings in Quanta Services by 0.9% in the 4th quarter. HB Wealth Management LLC now owns 3,323 shares of the construction company's stock valued at $1,050,000 after buying an additional 31 shares in the last quarter. Moody Lynn & Lieberson LLC boosted its position in shares of Quanta Services by 0.5% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 6,141 shares of the construction company's stock valued at $1,941,000 after acquiring an additional 32 shares during the period. Finally, Resurgent Financial Advisors LLC grew its stake in shares of Quanta Services by 0.7% in the third quarter. Resurgent Financial Advisors LLC now owns 4,773 shares of the construction company's stock valued at $1,423,000 after acquiring an additional 33 shares in the last quarter. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Up 1.5 %

NYSE:PWR traded up $4.45 during trading hours on Wednesday, reaching $292.04. 1,728,560 shares of the company traded hands, compared to its average volume of 1,460,901. The stock has a market capitalization of $43.11 billion, a P/E ratio of 53.88, a P/E/G ratio of 1.43 and a beta of 1.05. The business's 50-day moving average price is $318.48 and its two-hundred day moving average price is $305.14. Quanta Services, Inc. has a 1 year low of $206.58 and a 1 year high of $365.88. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.58.

Quanta Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.14%. This is an increase from Quanta Services's previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, January 2nd. Quanta Services's dividend payout ratio (DPR) is currently 7.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PWR shares. Daiwa Capital Markets assumed coverage on shares of Quanta Services in a research report on Friday, December 6th. They issued an "outperform" rating and a $355.00 price target for the company. JPMorgan Chase & Co. boosted their target price on Quanta Services from $297.00 to $323.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Citigroup dropped their price target on Quanta Services from $394.00 to $371.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Bank of America started coverage on Quanta Services in a research note on Friday, January 24th. They set a "buy" rating and a $407.00 price target on the stock. Finally, Daiwa America raised shares of Quanta Services to a "strong-buy" rating in a research note on Friday, December 6th. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $330.50.

Quanta Services Company Profile

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.