Oregon Public Employees Retirement Fund Has $564,000 Holdings in MYR Group Inc. (NASDAQ:MYRG)

Oregon Public Employees Retirement Fund lessened its stake in MYR Group Inc. (NASDAQ:MYRG) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,793 shares of the utilities provider’s stock after selling 100 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in MYR Group were worth $564,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MYRG. MCF Advisors LLC boosted its holdings in shares of MYR Group by 470.0% in the 4th quarter. MCF Advisors LLC now owns 171 shares of the utilities provider’s stock valued at $25,000 after buying an additional 141 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of MYR Group in the 4th quarter valued at approximately $47,000. GAMMA Investing LLC boosted its holdings 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 buying an additional 118 shares during the last quarter. KBC Group NV boosted its holdings in shares of MYR Group by 56.8% in the 4th quarter. KBC Group NV now owns 737 shares of the utilities provider’s stock valued at $110,000 after buying an additional 267 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of MYR Group in the 3rd quarter valued at approximately $116,000. Institutional investors and hedge funds own 88.90% of the company’s stock.

MYR Group Trading Up 2.3 %

Shares of MYR Group stock opened at $122.72 on Monday. The business has a fifty day simple moving average of $142.07 and a two-hundred day simple moving average of $130.80. MYR Group Inc. has a 1 year low of $86.60 and a 1 year high of $181.02. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 53.59 and a beta of 0.94. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.35 and a quick ratio of 1.35.

Analyst Upgrades and Downgrades

MYRG has been the topic of a number of research analyst reports. StockNews.com upgraded MYR Group from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Stifel Nicolaus raised their price target on MYR Group from $153.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. The Goldman Sachs Group raised their price target on MYR Group from $124.00 to $153.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Robert W. Baird cut their price target on MYR Group from $201.00 to $159.00 and set an “outperform” rating for the company in a report on Thursday.

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.