6,903 Shares in MYR Group, Inc. $MYRG Bought by Public Employees Retirement System of Ohio

Posted by on Sep 5th, 2026

Public Employees Retirement System of Ohio acquired a new position in shares of MYR Group, Inc. (NASDAQ:MYRG – Free Report) in the second quarter, Holdings Channel.com reports. The firm acquired 6,903 shares of the utilities provider’s stock, valued at approximately $3,454,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MYRG. BlackRock Inc. purchased a new stake in shares of MYR Group during the second quarter worth about $1,232,294,000. Vanguard Group Inc. boosted its holdings in MYR Group by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 1,265,452 shares of the utilities provider’s stock worth $276,501,000 after buying an additional 40,164 shares during the last quarter. Wellington Management Group LLP boosted its holdings in MYR Group by 63.5% in the 4th quarter. Wellington Management Group LLP now owns 1,021,293 shares of the utilities provider’s stock worth $223,153,000 after buying an additional 396,502 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in MYR Group by 4.7% in the 4th quarter. Fisher Asset Management LLC now owns 471,706 shares of the utilities provider’s stock worth $103,068,000 after buying an additional 21,304 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in MYR Group by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 396,166 shares of the utilities provider’s stock worth $86,574,000 after buying an additional 13,511 shares in the last quarter. 88.90% of the stock is owned by hedge funds and other institutional investors.

MYR Group Stock Up 0.9%

Shares of NASDAQ:MYRG opened at $286.59 on Friday. MYR Group, Inc. has a 52-week low of $171.51 and a 52-week high of $503.57. The stock has a market cap of $4.46 billion, a P/E ratio of 27.19 and a beta of 1.31. The business has a fifty day moving average of $361.70 and a two-hundred day moving average of $360.23. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.01.

MYR Group (NASDAQ:MYRG – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $3.17 EPS for the quarter, topping the consensus estimate of $2.62 by $0.55. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $995.74 million. MYR Group had a return on equity of 24.17% and a net margin of 4.13%.The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.70 EPS. On average, research analysts expect that MYR Group, Inc. will post 12.43 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on MYRG. Cantor Fitzgerald raised their target price on MYR Group from $311.00 to $564.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. The Goldman Sachs Group dropped their price target on MYR Group from $469.00 to $422.00 and set a “neutral” rating for the company in a research report on Thursday, August 13th. Jefferies Financial Group set a $392.00 price objective on MYR Group in a research note on Friday, July 10th. Robert W. Baird set a $375.00 price objective on MYR Group in a report on Thursday, July 30th. Finally, Wall Street Zen cut shares of MYR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 29th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $451.20.

Read Our Latest Analysis on MYR Group

MYR Group Profile

(Free Report)

MYR Group Inc (NASDAQ: MYRG) is a specialty electrical contractor that provides a broad array of construction, maintenance and emergency restoration services to utility, commercial, industrial and renewable energy customers. The company was formed in 1995 through the consolidation of several regional specialty contractors and has since expanded its capabilities to support complex transmission and distribution projects, substation installations, communication and wireless infrastructure, as well as renewable power interconnections.

Through a network of operating subsidiaries, MYR Group delivers turnkey solutions that include overhead and underground line construction, substation and switchgear installation, substation maintenance and testing, and storm restoration services.

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Institutional Ownership by Quarter for MYR Group (NASDAQ:MYRG)

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