7 hours Ago By Defense World Staff
Envestnet Asset Management Inc. lifted its position in shares of MYR Group Inc. (NASDAQ:MYRG – Free Report) by 33.
5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,159 shares of the utilities provider’s stock after purchasing an additional 4,805 shares during the period. Envestnet Asset Management Inc.
owned about 0.12% of MYR Group worth $2,850,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also made changes to their positions in MYRG.
MCF Advisors LLC increased its position in MYR Group by 470.0% during the fourth quarter. MCF Advisors LLC now owns 171 shares of the utilities provider’s stock worth $25,000 after buying an additional 141 shares during the period.
Arcadia Investment Management Corp MI purchased a new position in shares of MYR Group during the fourth quarter worth approximately $47,000. Smartleaf Asset Management LLC increased its holdings in shares of MYR Group by 697.6% in the 4th quarter.
Smartleaf Asset Management LLC now owns 327 shares of the utilities provider’s stock valued at $49,000 after acquiring an additional 286 shares during the period. GAMMA Investing LLC raised its position in MYR Group by 27.0% in the 4th quarter.
GAMMA Investing LLC now owns 555 shares of the utilities provider’s stock valued at $83,000 after purchasing an additional 118 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd boosted its stake in MYR Group by 13.2% during the 4th quarter.
ANTIPODES PARTNERS Ltd now owns 618 shares of the utilities provider’s stock worth $92,000 after purchasing an additional 72 shares during the period. 88.90% of the stock is owned by hedge funds and other institutional investors.
MYR Group Price PerformanceShares of MYRG opened at $123.43 on Friday. The firm has a market capitalization of $1.
99 billion, a PE ratio of 53.90 and a beta of 1.07.
The stock’s 50 day moving average is $117.30 and its two-hundred day moving average is $134.84.
MYR Group Inc. has a twelve month low of $86.60 and a twelve month high of $171.
10. The company has a current ratio of 1.35, a quick ratio of 1.
35 and a debt-to-equity ratio of 0.15. Wall Street Analyst Weigh InMYRG has been the topic of a number of recent research reports.
Robert W. Baird dropped their price objective on shares of MYR Group from $201.00 to $159.
00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Stifel Nicolaus dropped their price target on MYR Group from $157.00 to $131.
00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. The Goldman Sachs Group decreased their price objective on MYR Group from $164.00 to $145.
00 and set a “buy” rating for the company in a research report on Thursday. KeyCorp upgraded MYR Group from a “sector weight” rating to an “overweight” rating and set a $136.00 price target for the company in a research note on Friday, March 14th.
Finally, Piper Sandler began coverage on shares of MYR Group in a research report on Tuesday, April 8th. They issued a “neutral” rating and a $124.00 price objective on the stock.
Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $139.00.
View Our Latest Stock Report on MYR GroupMYR 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.
Further ReadingFive stocks we like better than MYR GroupBusiness Services Stocks InvestingShort Sellers Gave Up on These 3 Names RecentlyUsing the MarketBeat Dividend Tax Calculator3 Boring Stocks Outperforming the Market This YearWhat is a Bond Market Holiday? How to Invest and TradeIf You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy.
