1 week Ago By ABMN Staff
Geode Capital Management LLC decreased its stake in shares of MYR Group Inc. ( NASDAQ:MYRG – Free Report ) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 377,116 shares of the utilities provider’s stock after selling 9,437 shares during the quarter. Geode Capital Management LLC’s holdings in MYR Group were worth $56,117,000 at the end of the most recent reporting period. A number of other hedge funds have also bought and sold shares of MYRG.
Allspring Global Investments Holdings LLC increased its position in shares of MYR Group by 77.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 54,405 shares of the utilities provider’s stock valued at $8,045,000 after acquiring an additional 23,760 shares during the period.
Principal Financial Group Inc. grew its stake in MYR Group by 3.7% during the 3rd quarter.
Principal Financial Group Inc. now owns 431,502 shares of the utilities provider’s stock valued at $44,113,000 after purchasing an additional 15,361 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of MYR Group by 27.
0% in the fourth 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 period. Bank of New York Mellon Corp raised its stake in shares of MYR Group by 12.
3% in the fourth quarter. Bank of New York Mellon Corp now owns 238,740 shares of the utilities provider’s stock worth $35,517,000 after purchasing an additional 26,205 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of MYR Group by 51.
1% during the fourth quarter. Truist Financial Corp now owns 3,402 shares of the utilities provider’s stock worth $506,000 after purchasing an additional 1,150 shares during the period. Institutional investors and hedge funds own 88.
90% of the company’s stock. MYR Group Stock Performance Shares of NASDAQ MYRG opened at $111.86 on Monday.
MYR Group Inc. has a 1 year low of $86.60 and a 1 year high of $172.
73. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.
35 and a current ratio of 1.35. The company’s fifty day moving average price is $122.
20 and its 200 day moving average price is $134.52. The company has a market capitalization of $1.
81 billion, a PE ratio of 48.85 and a beta of 1.07.
Analyst Ratings Changes Read Our Latest Stock Analysis on MYR Group About MYR Group ( 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.
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