Tema ETFs LLC Has $45.11 Million Stake in Quanta Services, Inc. $PWR

Tema ETFs LLC increased its stake in Quanta Services, Inc. (NYSE:PWR) by 58.1% in the 2nd quarter, Holdings Channel reports. The firm owned 62,648 shares of the construction company’s stock after purchasing an additional 23,024 shares during the period. Quanta Services accounts for approximately 1.5% of Tema ETFs LLC’s holdings, making the stock its 12th biggest position. Tema ETFs LLC’s holdings in Quanta Services were worth $45,109,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its holdings in shares of Quanta Services by 5.8% during the 1st quarter. Cetera Investment Advisers now owns 74,134 shares of the construction company’s stock worth $40,701,000 after buying an additional 4,087 shares during the period. Evoke Wealth LLC bought a new position in Quanta Services in the 4th quarter worth $368,000. Sequoia Financial Advisors LLC lifted its position in Quanta Services by 3.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 130,436 shares of the construction company’s stock worth $55,052,000 after acquiring an additional 3,966 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Quanta Services by 9.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,602 shares of the construction company’s stock worth $21,357,000 after acquiring an additional 4,568 shares during the last quarter. Finally, Lebenthal Global Advisors LLC boosted its holdings in Quanta Services by 9.8% during the fourth quarter. Lebenthal Global Advisors LLC now owns 9,277 shares of the construction company’s stock valued at $3,915,000 after acquiring an additional 830 shares during the period. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Up 1.4%

Shares of PWR opened at $670.41 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10. The company has a 50-day simple moving average of $674.00 and a 200-day simple moving average of $624.25. Quanta Services, Inc. has a 52 week low of $363.01 and a 52 week high of $788.75. The firm has a market capitalization of $100.79 billion, a P/E ratio of 76.79, a P/E/G ratio of 2.17 and a beta of 1.23.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.93. The firm had revenue of $9.56 billion for the quarter, compared to analyst estimates of $8.61 billion. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The company’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.48 earnings per share. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, equities research analysts expect that Quanta Services, Inc. will post 15.33 earnings per share for the current year.

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

Quanta Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, July 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services’s payout ratio is currently 5.04%.

Analyst Upgrades and Downgrades

PWR has been the topic of a number of recent analyst reports. Evercore lifted their price objective on Quanta Services from $635.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. TD Cowen increased their target price on Quanta Services from $775.00 to $785.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Citigroup raised their target price on Quanta Services from $837.00 to $871.00 and gave the company a “buy” rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft lowered Quanta Services to a “sell” rating in a report on Friday, July 31st. Finally, Stifel Nicolaus set a $784.00 price objective on Quanta Services in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $767.21.

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.