<div id="readability-page-1"><p>Lmcg Investments LLC trimmed its holdings in shares of  Quanta Services, Inc. (NYSE:PWR - Free Report) by 13.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,775 shares of the construction company's stock after selling 7,613 shares during the period. Lmcg Investments LLC's holdings in Quanta Services were worth $12,143,000 at the end of the most recent reporting period.</p><div><p><span></span><span>Get <strong>Quanta Services</strong> alerts:</span></p></div><ul><li>Quanta Services Stock is an Infrastructure Power Grid Play</li></ul><p>A number of other hedge funds also recently made changes to their positions in PWR. Brighton Jones LLC purchased a new stake in  Quanta Services in the 4th quarter worth about $298,000.  Union Bancaire Privee UBP SA purchased a new stake in  Quanta Services in the 4th quarter worth about $46,364,000.  DAVENPORT &amp; Co LLC increased its holdings in  Quanta Services by 1.5% in the 4th quarter. DAVENPORT &amp; Co LLC now owns 9,447 shares of the construction company's stock worth $2,986,000 after acquiring an additional 136 shares during the last quarter.  Jennison Associates LLC increased its holdings in  Quanta Services by 0.4% in the 4th quarter. Jennison Associates LLC now owns 116,433 shares of the construction company's stock worth $36,799,000 after acquiring an additional 485 shares during the last quarter.  Finally, E. Ohman J or Asset Management AB increased its holdings in  Quanta Services by 18.1% in the 4th quarter. E. Ohman J or Asset Management AB now owns 6,530 shares of the construction company's stock worth $2,064,000 after acquiring an additional 1,000 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors. </p><h2>Analyst Ratings Changes</h2><p>Several equities research analysts recently weighed in on PWR shares. TD Cowen lifted their price objective on Quanta Services from $335.00 to $355.00 and gave the stock a &#34;buy&#34; rating in a report on Wednesday, May 7th. Piper Sandler  reaffirmed an &#34;overweight&#34; rating and set a $370.00 target price (up previously from $360.00) on shares of Quanta Services in a report on Tuesday, May 27th. Evercore ISI lifted their target price on Quanta Services from $331.00 to $360.00 and gave the company an &#34;outperform&#34; rating in a report on Friday, May 2nd. B. Riley lifted their target price on Quanta Services from $300.00 to $355.00 and gave the company a &#34;neutral&#34; rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group lifted their target price on Quanta Services from $364.00 to $414.00 and gave the company a &#34;buy&#34; rating in a report on Wednesday. Six analysts have rated the stock with a hold rating, fourteen have issued  a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Quanta Services  has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $347.35.</p><p><b>Get Our Latest Research Report on PWR</b></p><h2>Quanta Services Stock Up 0.8%</h2><p>Shares of NYSE PWR opened at $359.38 on Thursday. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $365.88. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $53.28 billion, a price-to-earnings ratio of 59.60, a PEG ratio of 1.41 and a beta of 1.02. The business has a 50-day moving average of $301.84 and a 200-day moving average of $304.01. </p><p>Quanta Services (NYSE:PWR - Get Free Report) last issued its earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.06. The business had revenue of $6.23 billion during the quarter, compared to analyst estimates of $5.88 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. Quanta Services's revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.41 earnings per share.  Sell-side analysts expect that  Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year. </p><h2>Quanta Services Dividend Announcement</h2><p>The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, July 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.11%. The ex-dividend date is Tuesday, July 1st. Quanta Services's dividend payout ratio  is currently 6.45%. </p><h2>About Quanta Services</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Quanta Services</li><li>What Are Growth Stocks and Investing in Them </li><li>3 Utilities Stocks With Big Earnings, Balanced Risk</li><li>What is the Nikkei 225 index?    </li><li>NVIDIA Regains Top Spot; FOMO Is Why It Will Continue to Rise</li><li>3 Fintech Stocks With Good 2021 Prospects</li><li>Intuit's AI Boom: Stock Soaring, But Should Investors Hit Pause?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBXUg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBXUg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Quanta Services Right Now?</h2><p>Before you consider Quanta Services, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Quanta Services wasn't on the list.</p><p>While Quanta Services currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Lmcg Investments LLC reduced its stake in Quanta Services, Inc. (NYSE:PWR) by 13.7%, selling 7,613 shares during Q1, leaving it with 47,775 shares valued at $12.14 million. Other hedge funds also adjusted their positions. Analysts have raised target prices for PWR, with a consensus rating of "Moderate Buy" and an average target of $347.35. Quanta Services reported Q1 earnings of $1.78 per share, exceeding estimates, with revenue of $6.23 billion, up 23.9% year-over-year. The company announced a quarterly dividend of $0.10, payable on July 11.</p>

Lmcg Investments LLC Sells 7,613 Shares of Quanta Services, Inc. (NYSE:PWR)