Tema Etfs LLC Has $5.42 Million Stake in Quanta Services, Inc. $PWR

Tema Etfs LLC raised its stake in Quanta Services, Inc. (NYSE:PWR) by 34.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 14,328 shares of the construction company’s stock after buying an additional 3,709 shares during the quarter. Quanta Services comprises 1.4% of Tema Etfs LLC’s investment portfolio, making the stock its 16th largest position. Tema Etfs LLC’s holdings in Quanta Services were worth $5,417,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Copia Wealth Management grew its holdings in Quanta Services by 509.1% during the second quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after buying an additional 56 shares in the last quarter. SOA Wealth Advisors LLC. boosted its holdings in Quanta Services by 159.3% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after acquiring an additional 43 shares during the last quarter. Solstein Capital LLC grew its stake in shares of Quanta Services by 185.7% in the 2nd quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock worth $30,000 after acquiring an additional 52 shares in the last quarter. Ameriflex Group Inc. raised its holdings in shares of Quanta Services by 93.0% in the second quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in shares of Quanta Services during the second quarter valued at about $37,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PWR shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Quanta Services in a research report on Monday. Mizuho set a $415.00 target price on Quanta Services in a report on Tuesday, October 28th. Wall Street Zen lowered Quanta Services from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Truist Financial boosted their price objective on Quanta Services from $472.00 to $521.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus set a $495.00 target price on Quanta Services in a research report on Monday, November 3rd. Thirteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $442.32.

Insider Buying and Selling at Quanta Services

In related news, EVP Donald Wayne sold 14,000 shares of Quanta Services stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $443.81, for a total value of $6,213,340.00. Following the completion of the transaction, the executive vice president directly owned 34,575 shares in the company, valued at approximately $15,344,730.75. The trade was a 28.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gerald A. Ducey, Jr. sold 7,653 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $446.08, for a total transaction of $3,413,850.24. Following the sale, the insider directly owned 19,960 shares in the company, valued at $8,903,756.80. The trade was a 27.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 32,002 shares of company stock worth $14,295,857 over the last ninety days. Company insiders own 1.10% of the company’s stock.

Quanta Services Stock Performance

NYSE:PWR opened at $464.89 on Friday. The company has a market capitalization of $69.32 billion, a P/E ratio of 68.87, a P/E/G ratio of 2.59 and a beta of 1.14. The business has a fifty day simple moving average of $438.31 and a two-hundred day simple moving average of $398.17. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.34 and a quick ratio of 1.30. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $469.43.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, beating analysts’ consensus estimates of $3.24 by $0.09. Quanta Services had a return on equity of 18.74% and a net margin of 3.74%.The firm had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter in the prior year, the firm earned $2.72 EPS. The business’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, analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

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.