Arizona State Retirement System raised its stake in MDU Resources Group, Inc. (NYSE:MDU) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,300 shares of the utilities provider’s stock after buying an additional 1,100 shares during the period. Arizona State Retirement System’s holdings in MDU Resources Group were worth $2,156,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. AT Bancorp purchased a new stake in shares of MDU Resources Group during the second quarter worth approximately $131,000. Global X Management Co. LLC boosted its stake in MDU Resources Group by 220.3% in the second quarter. Global X Management Co. LLC now owns 6,198 shares of the utilities provider’s stock worth $162,000 after buying an additional 4,263 shares in the last quarter. Ffcm LLC boosted its stake in MDU Resources Group by 27.6% in the first quarter. Ffcm LLC now owns 6,964 shares of the utilities provider’s stock worth $191,000 after buying an additional 1,508 shares in the last quarter. Trexquant Investment LP bought a new stake in MDU Resources Group during the second quarter worth about $210,000. Finally, Sei Investments Co. boosted its stake in MDU Resources Group by 15.8% in the first quarter. Sei Investments Co. now owns 8,013 shares of the utilities provider’s stock worth $219,000 after buying an additional 1,091 shares in the last quarter. Institutional investors own 62.93% of the company’s stock.

Shares of MDU Resources Group, Inc. (NYSE MDU) opened at 25.85 on Monday. The company has a 50-day moving average of $25.90 and a 200 day moving average of $26.64. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of 22.48 and a beta of 0.91. MDU Resources Group, Inc. has a one year low of $23.06 and a one year high of $29.92.

MDU Resources Group (NYSE:MDU) last released its earnings results on Tuesday, August 1st. The utilities provider reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.03. MDU Resources Group had a return on equity of 10.24% and a net margin of 5.37%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the company posted $0.24 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities research analysts forecast that MDU Resources Group, Inc. will post $1.21 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Thursday, September 14th will be given a dividend of $0.1925 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.77 annualized dividend and a yield of 2.98%. MDU Resources Group’s dividend payout ratio (DPR) is presently 66.96%.

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A number of research analysts have weighed in on the company. Zacks Investment Research upgraded MDU Resources Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub lowered MDU Resources Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $32.33.

In other MDU Resources Group news, CEO David L. Goodin bought 5,000 shares of MDU Resources Group stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $25.57 per share, for a total transaction of $127,850.00. Following the completion of the transaction, the chief executive officer now owns 95,210 shares of the company’s stock, valued at approximately $2,434,519.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.95% of the company’s stock.

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.

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

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