Regentatlantic Capital LLC acquired a new position in shares of Mdu Resources Group Inc (NYSE:MDU) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 9,000 shares of the utilities provider’s stock, valued at approximately $232,000.
Several other hedge funds and other institutional investors also recently modified their holdings of MDU. Buffington Mohr McNeal purchased a new stake in Mdu Resources Group in the first quarter valued at about $26,000. Country Trust Bank purchased a new stake in Mdu Resources Group in the second quarter valued at about $35,000. Parallel Advisors LLC raised its stake in Mdu Resources Group by 400.0% in the first quarter. Parallel Advisors LLC now owns 2,035 shares of the utilities provider’s stock valued at $53,000 after buying an additional 1,628 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Mdu Resources Group by 1,184.7% in the first quarter. Quadrant Capital Group LLC now owns 2,351 shares of the utilities provider’s stock valued at $59,000 after buying an additional 2,168 shares during the last quarter. Finally, Private Ocean LLC purchased a new stake in Mdu Resources Group in the first quarter valued at about $77,000. Hedge funds and other institutional investors own 66.53% of the company’s stock.
In other news, Director David M. Sparby acquired 2,500 shares of Mdu Resources Group stock in a transaction dated Friday, May 17th. The stock was purchased at an average cost of $25.20 per share, for a total transaction of $63,000.00. Following the completion of the purchase, the director now directly owns 7,908 shares in the company, valued at approximately $199,281.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Edward A. Ryan acquired 3,500 shares of Mdu Resources Group stock in a transaction dated Thursday, May 30th. The stock was purchased at an average price of $24.81 per share, with a total value of $86,835.00. Following the completion of the purchase, the director now owns 12,190 shares of the company’s stock, valued at $302,433.90. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 11,000 shares of company stock valued at $272,085. 1.05% of the stock is currently owned by company insiders.
A number of equities research analysts have commented on MDU shares. Williams Capital set a $30.00 price target on Mdu Resources Group and gave the company a “buy” rating in a research note on Thursday, May 2nd. Zacks Investment Research upgraded Mdu Resources Group from a “sell” rating to a “hold” rating in a research note on Monday, May 20th.
Mdu Resources Group stock traded down $0.45 during midday trading on Monday, reaching $26.50. The company’s stock had a trading volume of 245,984 shares, compared to its average volume of 790,691. The stock’s 50-day simple moving average is $26.03. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.16 and a quick ratio of 0.87. Mdu Resources Group Inc has a 52-week low of $22.73 and a 52-week high of $29.02. The firm has a market capitalization of $5.34 billion, a PE ratio of 19.20, a P/E/G ratio of 2.54 and a beta of 0.67.
Mdu Resources Group (NYSE:MDU) last released its quarterly earnings results on Tuesday, July 30th. The utilities provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. Mdu Resources Group had a return on equity of 11.21% and a net margin of 5.91%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the business posted $0.22 earnings per share. The firm’s revenue was up 22.4% compared to the same quarter last year. Equities research analysts predict that Mdu Resources Group Inc will post 1.49 earnings per share for the current year.
About Mdu Resources Group
MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. It operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming.
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