2 days Ago By ABMN Staff
Wells Fargo & Company MN boosted its holdings in shares of MYR Group Inc. ( NASDAQ:MYRG – Free Report ) by 219.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The institutional investor owned 63,869 shares of the utilities provider’s stock after acquiring an additional 43,865 shares during the period. Wells Fargo & Company MN’s holdings in MYR Group were worth $9,502,000 as of its most recent filing with the Securities and Exchange Commission. Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company.
FMR LLC raised its position in shares of MYR Group by 90.2% during the third quarter. FMR LLC now owns 2,336 shares of the utilities provider’s stock worth $239,000 after purchasing an additional 1,108 shares during the period.
Barclays PLC raised its holdings in MYR Group by 192.2% during the 3rd quarter. Barclays PLC now owns 34,987 shares of the utilities provider’s stock worth $3,578,000 after buying an additional 23,013 shares during the period.
Tidal Investments LLC lifted its stake in MYR Group by 2.0% in the third quarter. Tidal Investments LLC now owns 4,286 shares of the utilities provider’s stock valued at $438,000 after buying an additional 83 shares in the last quarter.
Principal Financial Group Inc. boosted its holdings in shares of MYR Group by 3.7% in the third quarter.
Principal Financial Group Inc. now owns 431,502 shares of the utilities provider’s stock valued at $44,113,000 after buying an additional 15,361 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of MYR Group by 27.
0% during the fourth quarter. GAMMA Investing LLC now owns 555 shares of the utilities provider’s stock worth $83,000 after acquiring an additional 118 shares in the last quarter. 88.
90% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades MYRG has been the topic of several research reports. KeyCorp raised shares of MYR Group from a “sector weight” rating to an “overweight” rating and set a $136.
00 price objective on the stock in a research report on Friday, March 14th. Piper Sandler began coverage on MYR Group in a report on Tuesday, April 8th. They issued a “neutral” rating and a $124.
00 price target on the stock. Stifel Nicolaus decreased their price objective on MYR Group from $157.00 to $131.
00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Finally, Robert W. Baird dropped their target price on MYR Group from $201.
00 to $159.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock.
Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $140.60. MYR Group Trading Up 0.
4 % Shares of NASDAQ:MYRG opened at $113.91 on Thursday. The company’s 50-day moving average price is $120.
23 and its two-hundred day moving average price is $134.30. MYR Group Inc.
has a one year low of $86.60 and a one year high of $171.10.
The company has a debt-to-equity ratio of 0.15, a current ratio of 1.35 and a quick ratio of 1.
35. The stock has a market capitalization of $1.84 billion, a PE ratio of 49.
74 and a beta of 1.07. 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. Further Reading 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 ..
_0.jpg?itok=yAIF6nFK)
