MDU Resources Group, Inc. (MDU) Holdings Increased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 566.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 819,281 shares of the utilities provider’s stock after buying an additional 696,331 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.42% of MDU Resources Group worth $21,465,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in MDU. Russell Investments Group Ltd. raised its position in shares of MDU Resources Group by 39.9% during the 1st quarter. Russell Investments Group Ltd. now owns 48,631 shares of the utilities provider’s stock worth $1,331,000 after buying an additional 13,868 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of MDU Resources Group by 5.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 160,467 shares of the utilities provider’s stock worth $4,392,000 after buying an additional 8,439 shares in the last quarter. Sei Investments Co. raised its position in shares of MDU Resources Group by 15.8% during the 1st 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. Neuberger Berman Group LLC raised its position in shares of MDU Resources Group by 7.2% during the 1st quarter. Neuberger Berman Group LLC now owns 104,037 shares of the utilities provider’s stock worth $2,847,000 after buying an additional 6,981 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its position in shares of MDU Resources Group by 4.5% during the 1st quarter. OppenheimerFunds Inc. now owns 226,922 shares of the utilities provider’s stock worth $6,211,000 after buying an additional 9,743 shares in the last quarter. Institutional investors own 63.56% of the company’s stock.

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MDU Resources Group, Inc. (NYSE:MDU) traded up 0.22% during mid-day trading on Wednesday, hitting $26.93. 49,254 shares of the company were exchanged. The stock has a market cap of $5.26 billion, a P/E ratio of 23.42 and a beta of 0.91. The company has a 50 day moving average of $26.66 and a 200 day moving average of $26.59. MDU Resources Group, Inc. has a 12-month low of $24.51 and a 12-month 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03). MDU Resources Group had a net margin of 5.37% and a return on equity of 10.24%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities research analysts expect 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 was paid on Sunday, October 1st. Shareholders of record on Thursday, September 14th were given a dividend of $0.1925 per share. 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 2.87%. MDU Resources Group’s payout ratio is presently 66.96%.

In other MDU Resources Group news, CEO David L. Goodin bought 5,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $25.57 per share, for a total transaction of $127,850.00. Following the transaction, the chief executive officer now owns 95,210 shares in the company, valued at approximately $2,434,519.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.95% of the company’s stock.

A number of research firms have commented on MDU. KeyCorp restated a “buy” rating and set a $28.00 price target on shares of MDU Resources Group in a research report on Friday, September 1st.

Several other hedge funds also recently added to or reduced their stakes in MDU. Russell Investments Group Ltd. raised its position in shares of MDU Resources Group by 39.9% during the 1st quarter. Russell Investments Group Ltd. now owns 48,631 shares of the utilities provider’s stock worth $1,331,000 after buying an additional 13,868 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of MDU Resources Group by 5.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 160,467 shares of the utilities provider’s stock worth $4,392,000 after buying an additional 8,439 shares in the last quarter. Sei Investments Co. raised its position in shares of MDU Resources Group by 15.8% during the 1st 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. Neuberger Berman Group LLC raised its position in shares of MDU Resources Group by 7.2% during the 1st quarter. Neuberger Berman Group LLC now owns 104,037 shares of the utilities provider’s stock worth $2,847,000 after buying an additional 6,981 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its position in shares of MDU Resources Group by 4.5% during the 1st quarter. OppenheimerFunds Inc. now owns 226,922 shares of the utilities provider’s stock worth $6,211,000 after buying an additional 9,743 shares in the last quarter. Institutional investors own 63.56% of the company’s stock.

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MDU Resources Group, Inc. (NYSE:MDU) traded up 0.22% during mid-day trading on Wednesday, hitting $26.93. 49,254 shares of the company were exchanged. The stock has a market cap of $5.26 billion, a P/E ratio of 23.42 and a beta of 0.91. The company has a 50 day moving average of $26.66 and a 200 day moving average of $26.59. MDU Resources Group, Inc. has a 12-month low of $24.51 and a 12-month 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03). MDU Resources Group had a net margin of 5.37% and a return on equity of 10.24%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities research analysts expect 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 was paid on Sunday, October 1st. Shareholders of record on Thursday, September 14th were given a dividend of $0.1925 per share. 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 2.87%. MDU Resources Group’s payout ratio is presently 66.96%.

In other MDU Resources Group news, CEO David L. Goodin bought 5,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $25.57 per share, for a total transaction of $127,850.00. Following the transaction, the chief executive officer now owns 95,210 shares in the company, valued at approximately $2,434,519.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.95% of the company’s stock.

A number of research firms have commented on MDU. KeyCorp restated a “buy” rating and set a $28.00 price target on shares of MDU Resources Group in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Wednesday. Finally, BidaskClub downgraded shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. MDU Resources Group presently has an average rating of “Hold” and an average price target of $30.75.

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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