Tema Etfs LLC Increases Stock Position in Quanta Services, Inc. $PWR

Tema Etfs LLC boosted its position in shares of Quanta Services, Inc. (NYSE:PWR) by 54.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,080 shares of the construction company’s stock after purchasing an additional 7,752 shares during the period. Quanta Services makes up 0.8% of Tema Etfs LLC’s portfolio, making the stock its 24th biggest position. Tema Etfs LLC’s holdings in Quanta Services were worth $9,150,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Quanta Services during the fourth quarter valued at about $298,000. Woodline Partners LP lifted its stake in shares of Quanta Services by 40.7% in the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after acquiring an additional 3,606 shares in the last quarter. Integrity Alliance LLC. purchased a new position in Quanta Services in the first quarter valued at about $309,000. Central Pacific Bank Trust Division grew its stake in Quanta Services by 26.6% during the 2nd quarter. Central Pacific Bank Trust Division now owns 2,590 shares of the construction company’s stock valued at $979,000 after purchasing an additional 544 shares in the last quarter. Finally, HBW Advisory Services LLC increased its holdings in Quanta Services by 51.8% during the 2nd quarter. HBW Advisory Services LLC now owns 2,101 shares of the construction company’s stock worth $794,000 after purchasing an additional 717 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Trading Up 2.2%

Quanta Services stock opened at $422.43 on Monday. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $473.99. The firm’s 50-day moving average is $441.14 and its 200-day moving average is $414.15. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.30 and a current ratio of 1.34. The company has a market cap of $62.99 billion, a P/E ratio of 62.58, a PEG ratio of 2.05 and a beta of 1.16.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.24 by $0.09. Quanta Services had a net margin of 3.74% and a return on equity of 18.74%. The business had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the prior year, the firm earned $2.72 EPS. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. On average, equities analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Robert W. Baird set a $490.00 target price on Quanta Services in a research note on Friday, October 31st. Jefferies Financial Group upped their price target on shares of Quanta Services from $469.00 to $517.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Mizuho set a $415.00 price objective on shares of Quanta Services in a report on Tuesday, October 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Quanta Services in a research report on Monday, December 29th. Finally, Truist Financial increased their price target on shares of Quanta Services from $472.00 to $521.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $450.10.

Insider Buying and Selling

In related news, insider Gerald A. Ducey, Jr. sold 7,653 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $446.08, for a total value of $3,413,850.24. Following the sale, the insider owned 19,960 shares of the company’s stock, valued at approximately $8,903,756.80. This trade represents a 27.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Worthing Jackman sold 6,349 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $450.45, for a total value of $2,859,907.05. Following the transaction, the director owned 2,730 shares of the company’s stock, valued at $1,229,728.50. This represents a 69.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,002 shares of company stock valued at $14,295,857 over the last quarter. Company insiders own 1.10% of the company’s stock.

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.