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

Tema ETFs LLC lifted its stake in Quanta Services, Inc. (NYSE:PWR) by 58.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 62,648 shares of the construction company’s stock after purchasing an additional 23,024 shares during the quarter. Quanta Services accounts for about 1.5% of Tema ETFs LLC’s investment portfolio, making the stock its 12th largest holding. Tema ETFs LLC’s holdings in Quanta Services were worth $45,109,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of PWR. Boreal Capital Management LLC acquired a new position in shares of Quanta Services in the first quarter worth about $27,000. Cedar Mountain Advisors LLC raised its holdings in shares of 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 acquiring an additional 45 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in shares of Quanta Services in the 4th quarter valued at approximately $28,000. Darwin Wealth Management LLC acquired a new position in Quanta Services in the 2nd quarter worth approximately $26,000. Finally, MV Capital Management Inc. purchased a new position in Quanta Services during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Up 1.4%

Shares of Quanta Services stock opened at $670.41 on Wednesday. The firm has a market cap of $100.79 billion, a price-to-earnings ratio of 76.79, a P/E/G ratio of 2.17 and a beta of 1.23. The stock 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 company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.93. The firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The firm’s revenue was up 41.1% on a year-over-year basis. During the same quarter in the prior 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 fiscal year.

Quanta Services Dividend Announcement

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

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

Analysts Set New Price Targets

Several brokerages have recently commented on PWR. Benchmark cut Quanta Services to a “sell” rating in a research report on Friday, July 31st. Citigroup increased their price objective on Quanta Services from $837.00 to $871.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Cantor Fitzgerald assumed coverage on Quanta Services in a research report on Friday, July 31st. They set an “outperform” rating for the company. TD Cowen upped their target price on Quanta Services from $775.00 to $785.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Finally, BNP Paribas Exane started coverage on shares of Quanta Services in a research report on Tuesday, April 14th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and an average price target of $767.21.

Quanta Services 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.