JPMorgan Chase & Co. Sells 10,413 Shares of MYR Group, Inc. $MYRG

JPMorgan Chase & Co. lessened its holdings in shares of MYR Group, Inc. (NASDAQ:MYRG) by 5.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 190,445 shares of the utilities provider’s stock after selling 10,413 shares during the period. JPMorgan Chase & Co. owned 1.23% of MYR Group worth $39,618,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank of New York Mellon Corp lifted its position in MYR Group by 97.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 350,478 shares of the utilities provider’s stock valued at $63,594,000 after acquiring an additional 172,962 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of MYR Group by 154.2% during the third quarter. Assenagon Asset Management S.A. now owns 148,455 shares of the utilities provider’s stock valued at $30,883,000 after purchasing an additional 90,051 shares in the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in shares of MYR Group during the second quarter valued at approximately $13,609,000. Boston Partners boosted its position in shares of MYR Group by 70.0% in the 2nd quarter. Boston Partners now owns 151,839 shares of the utilities provider’s stock worth $27,553,000 after purchasing an additional 62,515 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of MYR Group by 131.0% in the 2nd quarter. Marshall Wace LLP now owns 109,630 shares of the utilities provider’s stock worth $19,892,000 after purchasing an additional 62,168 shares in the last quarter. 88.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MYRG has been the subject of a number of recent research reports. Wall Street Zen upgraded MYR Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 21st. The Goldman Sachs Group lifted their price target on MYR Group from $205.00 to $248.00 and gave the stock a “neutral” rating in a research report on Friday, November 14th. Stifel Nicolaus upped their price target on shares of MYR Group from $237.00 to $262.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Weiss Ratings upgraded shares of MYR Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, January 22nd. Finally, Cantor Fitzgerald initiated coverage on shares of MYR Group in a report on Friday, January 23rd. They issued an “overweight” rating and a $285.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, MYR Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.71.

MYR Group Stock Performance

Shares of MYRG opened at $272.47 on Friday. The firm has a market capitalization of $4.23 billion, a P/E ratio of 36.18 and a beta of 1.17. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.33 and a quick ratio of 1.33. MYR Group, Inc. has a one year low of $97.72 and a one year high of $290.87. The business has a fifty day moving average of $248.03 and a 200 day moving average of $219.55.

MYR Group (NASDAQ:MYRG) last posted its earnings results on Wednesday, February 25th. The utilities provider reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.60. The company had revenue of $973.54 million for the quarter, compared to the consensus estimate of $897.73 million. MYR Group had a return on equity of 20.31% and a net margin of 3.24%.MYR Group’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 earnings per share. As a group, sell-side analysts anticipate that MYR Group, Inc. will post 1.16 EPS for the current year.

MYR Group News Roundup

Here are the key news stories impacting MYR Group this week:

• Positive Sentiment: Q4 beat — MYR reported better-than-expected Q4 results (revenue and EPS ahead of consensus), with meaningful margin and operating cash improvements that strengthen near-term profitability outlook. MYR Group Inc. Announces Fourth-Quarter and Full Year 2025 Results
• Positive Sentiment: Backlog and guidance — Management outlined a roughly $2.8B backlog and a ~10% revenue growth target, driven by accelerating electrification demand (supporting multi-year organic growth). MYR Group outlines 10% revenue growth target and $2.8B backlog as electrification demand accelerates
• Positive Sentiment: Investor takeaways from the call — Management emphasized project demand across utility and C&I markets and cited improving operating leverage; the earnings call transcript provides color on margin drivers and backlog conversion. MYR Group Inc. (MYRG) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Valuation watch — Analysts and commentators are re‑examining valuation after the beat; median analyst targets are roughly in the current neighborhood, so upside from here depends on execution and continued backlog conversion. A Look At MYR Group (MYRG) Valuation After Earnings Beat And Strong Backlog Update
• Negative Sentiment: Insider and institutional selling — Recent filings show insider sales and large institutional reductions from some major holders, which can create near-term selling pressure even after a beat. MYR Group (MYRG) Releases Q4 2025 Earnings: Revenue and EPS Surge
• Negative Sentiment: Near-term pullback risk — The stock is trading down today on elevated volume; that suggests profit-taking or position adjustments following the run-up to earnings despite the fundamentally positive print. MYR Group (NASDAQ:MYRG) Delivers Strong Q4 CY2025 Numbers

MYR Group Company Profile

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.