OxFORD Asset Management LLP bought a new position in MDU Resources Group, Inc. (NYSE:MDU) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 44,365 shares of the utilities provider’s stock, valued at approximately $1,162,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. AT Bancorp bought a new position in MDU Resources Group in the second quarter worth about $131,000. Global X Management Co. LLC lifted its holdings 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 acquiring an additional 4,263 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in MDU Resources Group by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,671 shares of the utilities provider’s stock worth $175,000 after acquiring an additional 537 shares during the last quarter. Mosaic Family Wealth LLC lifted its holdings in MDU Resources Group by 5.7% in the second quarter. Mosaic Family Wealth LLC now owns 6,972 shares of the utilities provider’s stock worth $183,000 after acquiring an additional 374 shares during the last quarter. Finally, Ffcm LLC lifted its holdings in MDU Resources Group by 5.7% in the second quarter. Ffcm LLC now owns 7,360 shares of the utilities provider’s stock worth $193,000 after acquiring an additional 396 shares during the last quarter. 63.56% of the stock is currently owned by hedge funds and other institutional investors.

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MDU has been the topic of a number of recent research reports. Zacks Investment Research cut shares of MDU Resources Group from a “hold” rating to a “strong sell” rating in a report on Friday, July 28th. KeyCorp reissued a “buy” rating and issued a $28.00 target price on shares of MDU Resources Group in a report on Friday, September 1st. Finally, BidaskClub cut shares of MDU Resources Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. MDU Resources Group currently has a consensus rating of “Hold” and a consensus price target of $30.75.

In other news, CEO David L. Goodin purchased 5,000 shares of MDU Resources Group stock in a transaction 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 directly owns 95,210 shares in the company, valued at $2,434,519.70. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.95% of the stock is owned by insiders.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings results 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). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. MDU Resources Group had a net margin of 5.37% and a return on equity of 10.24%. MDU Resources Group’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 earnings per share.

The company also recently declared a quarterly dividend, which was paid on Sunday, October 1st. Shareholders of record on Thursday, September 14th were given a $0.1925 dividend. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $0.77 dividend on an annualized basis and a yield of 2.84%. MDU Resources Group’s dividend payout ratio (DPR) is presently 66.96%.

MDU Resources Group 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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