Ingalls & Snyder LLC lowered its position in MDU Resources Group, Inc. (NYSE:MDU) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 29,431 shares of the utilities provider’s stock after selling 32 shares during the period. Ingalls & Snyder LLC’s holdings in MDU Resources Group were worth $771,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC increased its stake in shares of MDU Resources Group by 66.5% in the fourth quarter. AQR Capital Management LLC now owns 44,078 shares of the utilities provider’s stock worth $1,268,000 after buying an additional 17,609 shares during the period. Creative Planning boosted its position in MDU Resources Group by 46.8% in the first quarter. Creative Planning now owns 11,284 shares of the utilities provider’s stock worth $309,000 after buying an additional 3,599 shares in the last quarter. Rational Advisors LLC bought a new position in MDU Resources Group during the first quarter worth about $1,396,000. ProShare Advisors LLC boosted its position in MDU Resources Group by 19.5% in the first quarter. ProShare Advisors LLC now owns 331,817 shares of the utilities provider’s stock worth $9,082,000 after buying an additional 54,216 shares in the last quarter. Finally, American International Group Inc. boosted its position in MDU Resources Group by 3.6% in the first quarter. American International Group Inc. now owns 390,430 shares of the utilities provider’s stock worth $10,686,000 after buying an additional 13,533 shares in the last quarter. 63.40% of the stock is owned by institutional investors.

MDU Resources Group, Inc. (NYSE:MDU) opened at 25.99 on Monday. The company’s 50-day moving average is $26.36 and its 200-day moving average is $26.87. MDU Resources Group, Inc. has a 52-week low of $22.94 and a 52-week high of $29.92. The firm has a market capitalization of $5.08 billion, a PE ratio of 22.58 and a beta of 0.91.

MDU Resources Group (NYSE:MDU) last announced its earnings results on Tuesday, August 1st. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.03. MDU Resources Group had a net margin of 5.37% and a return on equity of 10.26%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Analysts forecast that MDU Resources Group, Inc. will post $1.20 EPS for the current fiscal year.

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A number of equities analysts recently issued reports on MDU shares. Zacks Investment Research cut shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 13th. BidaskClub cut shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $32.33.

About MDU Resources Group

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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