2 weeks Ago By Defense World Staff
Geode Capital Management LLC reduced its position in MYR Group Inc. ( NASDAQ:MYRG – Free Report ) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 377,116 shares of the utilities provider’s stock after selling 9,437 shares during the quarter. Geode Capital Management LLC owned 2.34% of MYR Group worth $56,117,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in MYRG. Franklin Resources Inc. purchased a new stake in shares of MYR Group in the fourth quarter worth approximately $1,143,000.
Wellington Management Group LLP purchased a new stake in MYR Group in the fourth quarter worth $60,217,000. Artisan Partners Limited Partnership lifted its position in shares of MYR Group by 19.8% during the fourth quarter.
Artisan Partners Limited Partnership now owns 324,139 shares of the utilities provider’s stock worth $48,222,000 after purchasing an additional 53,496 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of MYR Group during the fourth quarter valued at $759,000. Finally, Sei Investments Co.
grew its holdings in shares of MYR Group by 15.3% in the fourth quarter. Sei Investments Co.
now owns 27,190 shares of the utilities provider’s stock worth $4,045,000 after purchasing an additional 3,607 shares during the last quarter. Institutional investors own 88.90% of the company’s stock.
Wall Street Analysts Forecast Growth Several research firms have issued reports on MYRG. Robert W. Baird lowered their price objective on shares of MYR Group from $201.
00 to $159.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. KeyCorp raised MYR Group from a “sector weight” rating to an “overweight” rating and set a $136.
00 price objective on the stock in a research note on Friday, March 14th. Piper Sandler started coverage on MYR Group in a research report on Tuesday, April 8th. They set a “neutral” rating and a $124.
00 target price for the company. Finally, Stifel Nicolaus cut their price target on MYR Group from $157.00 to $131.
00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.
com, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.60. MYR Group Trading Down 0.
0 % Shares of NASDAQ:MYRG opened at $111.86 on Monday. The company has a current ratio of 1.
35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.15.
The company has a market capitalization of $1.81 billion, a PE ratio of 48.85 and a beta of 1.
07. MYR Group Inc. has a 12-month low of $86.
60 and a 12-month high of $172.73. The business’s fifty day simple moving average is $122.
20 and its 200-day simple moving average is $134.52. MYR Group Company Profile ( Free Report ) MYR Group Inc, through its subsidiaries, provides electrical construction services in the United States and Canada.
It operates in two segments, Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility industry; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, clean energy projects, and electric vehicle charging infrastructure services, as well as emergency restoration services in response to hurricane, wildfire, ice, or other related damages. Featured Articles Five stocks we like better than MYR Group What Investors Need to Know About Upcoming IPOs Is McDonald’s Stock Serving a Value Meal to Investors? What is diluted earnings per share (Diluted EPS)? Walgreens Comeback? Private Equity Circling for a Buyout Trading Stocks: RSI and Why it’s Useful Coca-Cola Stock Looks Refreshing After the Relief Rally Want to see what other hedge funds are holding MYRG? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for MYR Group Inc. ( NASDAQ:MYRG – Free Report ). Receive News & Ratings for MYR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MYR Group and related companies with MarketBeat.
com's FREE daily email newsletter ..
