Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Mdu Resources Group Inc (NYSE:MDU) by 11.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,627 shares of the utilities provider’s stock after buying an additional 1,286 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Mdu Resources Group were worth $301,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Retirement Systems of Alabama grew its stake in Mdu Resources Group by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 254,150 shares of the utilities provider’s stock valued at $6,059,000 after purchasing an additional 834 shares in the last quarter. Palisade Asset Management LLC grew its stake in Mdu Resources Group by 3.2% during the 4th quarter. Palisade Asset Management LLC now owns 42,190 shares of the utilities provider’s stock valued at $1,006,000 after purchasing an additional 1,290 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Mdu Resources Group by 21.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 15,991 shares of the utilities provider’s stock valued at $411,000 after purchasing an additional 2,818 shares in the last quarter. Oakbrook Investments LLC grew its stake in Mdu Resources Group by 35.4% during the 3rd quarter. Oakbrook Investments LLC now owns 12,249 shares of the utilities provider’s stock valued at $315,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in Mdu Resources Group by 2.6% during the 3rd quarter. Arizona State Retirement System now owns 139,182 shares of the utilities provider’s stock valued at $3,576,000 after purchasing an additional 3,587 shares in the last quarter. Institutional investors and hedge funds own 63.12% of the company’s stock.

Separately, Zacks Investment Research upgraded Mdu Resources Group from a “sell” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Thursday, January 3rd.

NYSE MDU traded down $0.12 during mid-day trading on Monday, reaching $25.72. 2,039 shares of the company’s stock traded hands, compared to its average volume of 927,735. Mdu Resources Group Inc has a 1-year low of $22.73 and a 1-year high of $29.62. The company has a quick ratio of 1.30, a current ratio of 1.67 and a debt-to-equity ratio of 0.76. The firm has a market cap of $5.07 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 2.86 and a beta of 0.69.

Mdu Resources Group (NYSE:MDU) last issued its quarterly earnings data on Tuesday, February 5th. The utilities provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Mdu Resources Group had a net margin of 6.01% and a return on equity of 10.91%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business earned $0.59 EPS. Mdu Resources Group’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, analysts anticipate that Mdu Resources Group Inc will post 1.5 earnings per share for the current year.

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Mdu Resources Group Profile

MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services.

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

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