MDU Resources Group, Inc. (MDU) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in MDU Resources Group, Inc. (NYSE:MDU) by 0.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,503 shares of the utilities provider’s stock after selling 26 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in MDU Resources Group were worth $747,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AT Bancorp acquired a new position in shares of MDU Resources Group in the 2nd quarter valued at $131,000. Global X Management Co. LLC boosted its holdings in shares of MDU Resources Group by 220.3% in the 2nd quarter. Global X Management Co. LLC now owns 6,198 shares of the utilities provider’s stock valued at $162,000 after purchasing an additional 4,263 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of MDU Resources Group by 8.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,671 shares of the utilities provider’s stock valued at $175,000 after purchasing an additional 537 shares during the last quarter. Mosaic Family Wealth LLC boosted its holdings in shares of MDU Resources Group by 5.7% in the 2nd quarter. Mosaic Family Wealth LLC now owns 6,972 shares of the utilities provider’s stock valued at $183,000 after purchasing an additional 374 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of MDU Resources Group in the 2nd quarter valued at $210,000. Institutional investors own 63.60% of the company’s stock.

In other MDU Resources Group news, CEO David L. Goodin bought 5,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $25.57 per share, with a total value of $127,850.00. Following the completion of the transaction, the chief executive officer now directly owns 95,210 shares of the company’s stock, valued at approximately $2,434,519.70. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.95% of the company’s stock.

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A number of equities analysts have weighed in on MDU shares. Zacks Investment Research upgraded shares of MDU Resources Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub lowered shares of MDU Resources Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, KeyCorp reiterated a “buy” rating and issued a $28.00 price target on shares of MDU Resources Group in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. MDU Resources Group presently has an average rating of “Hold” and a consensus target price of $31.25.

MDU Resources Group, Inc. (NYSE MDU) opened at 27.02 on Friday. The stock has a market cap of $5.28 billion, a P/E ratio of 23.50 and a beta of 0.92. MDU Resources Group, Inc. has a 52 week low of $23.89 and a 52 week high of $29.92. The stock has a 50 day moving average of $26.47 and a 200-day moving average of $26.66.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings data on Tuesday, August 1st. The utilities provider reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.03). MDU Resources Group had a net margin of 5.37% and a return on equity of 10.24%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the firm posted $0.24 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts forecast that MDU Resources Group, Inc. will post $1.21 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Thursday, September 14th will be given a $0.1925 dividend. This represents a $0.77 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, September 13th. MDU Resources Group’s dividend payout ratio is 66.96%.

MDU Resources Group Company Profile

MDU Resources Group, Inc is engaged in regulated energy delivery and construction materials and services business. The Company’s businesses segments are electric, natural gas distribution, pipeline and midstream, construction materials and contracting, and construction services. The electric segment generates, transmits and distributes electricity.

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Institutional Ownership by Quarter for MDU Resources Group (NYSE:MDU)

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