Choreo LLC Sells 126 Shares of MYR Group Inc. (NASDAQ:MYRG)

Choreo LLC decreased its holdings in MYR Group Inc. (NASDAQ:MYRG) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,663 shares of the utilities provider’s stock after selling 126 shares during the quarter. Choreo LLC’s holdings in MYR Group were worth $545,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. State of New Jersey Common Pension Fund D raised its position in shares of MYR Group by 66.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 19,161 shares of the utilities provider’s stock worth $1,959,000 after acquiring an additional 7,655 shares during the last quarter. Fisher Asset Management LLC increased its position in MYR Group by 11.1% during the 3rd quarter. Fisher Asset Management LLC now owns 37,752 shares of the utilities provider’s stock valued at $3,859,000 after purchasing an additional 3,759 shares during the period. Walleye Capital LLC raised its holdings in MYR Group by 422.6% during the 3rd quarter. Walleye Capital LLC now owns 43,985 shares of the utilities provider’s stock worth $4,497,000 after purchasing an additional 35,569 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of MYR Group by 3.7% in the 3rd quarter. Principal Financial Group Inc. now owns 431,502 shares of the utilities provider’s stock worth $44,113,000 after purchasing an additional 15,361 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of 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. Institutional investors own 88.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MYRG shares. Robert W. Baird lifted their target price on shares of MYR Group from $131.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. StockNews.com raised shares of MYR Group from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Stifel Nicolaus boosted their target price on shares of MYR Group from $153.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, The Goldman Sachs Group upped their price objective on shares of MYR Group from $124.00 to $153.00 and gave the company a “buy” rating in a report on Monday, November 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

MYR Group Stock Performance

MYRG opened at $141.40 on Wednesday. MYR Group Inc. has a 1-year low of $86.60 and a 1-year high of $181.02. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 61.75 and a beta of 0.94. The company’s fifty day moving average price is $151.06 and its two-hundred day moving average price is $129.16. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.15.

MYR Group Company Profile

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.