11,227 Shares in MDU Resources Group, Inc. (MDU) Purchased by Cetera Investment Advisers

Cetera Investment Advisers acquired a new position in MDU Resources Group, Inc. (NYSE:MDU) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,227 shares of the utilities provider’s stock, valued at approximately $295,000.

Other institutional investors have also bought and sold shares of the company. AT Bancorp bought a new position in shares of MDU Resources Group in the second quarter worth about $131,000. Global X Management Co. LLC increased its stake in shares of 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 purchasing an additional 4,263 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of 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 purchasing an additional 537 shares during the period. Mosaic Family Wealth LLC increased its stake in shares of 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 purchasing an additional 374 shares during the period. Finally, Ffcm LLC increased its stake in shares of 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 purchasing an additional 396 shares during the period. Institutional investors and hedge funds own 63.59% of the company’s stock.

MDU Resources Group, Inc. (MDU) opened at 27.03 on Friday. MDU Resources Group, Inc. has a 52 week low of $24.71 and a 52 week high of $29.92. The company’s 50-day moving average price is $26.78 and its 200 day moving average price is $26.59. The company has a market capitalization of $5.28 billion, a price-to-earnings ratio of 23.50 and a beta of 0.91.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Tuesday, August 1st. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.03). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. MDU Resources Group had a return on equity of 10.24% and a net margin of 5.37%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business earned $0.24 earnings per share. On average, analysts predict that MDU Resources Group, Inc. will post $1.21 EPS for the current year.

The business also recently disclosed 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 was Wednesday, September 13th. This represents a $0.77 annualized dividend and a yield of 2.85%. MDU Resources Group’s dividend payout ratio (DPR) is presently 66.96%.

In related news, CEO David L. Goodin acquired 5,000 shares of the business’s stock in a transaction on Friday, August 11th. The stock was 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 of the company’s stock, valued at approximately $2,434,519.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.95% of the company’s stock.

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A number of research firms have recently commented on MDU. KeyCorp reiterated a “buy” rating and issued a $28.00 price objective on shares of MDU Resources Group in a research note on Friday. Zacks Investment Research upgraded MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Wednesday, October 11th. Finally, BidaskClub lowered MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Four analysts have rated the stock wit

Other institutional investors have also bought and sold shares of the company. AT Bancorp bought a new position in shares of MDU Resources Group in the second quarter worth about $131,000. Global X Management Co. LLC increased its stake in shares of 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 purchasing an additional 4,263 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of 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 purchasing an additional 537 shares during the period. Mosaic Family Wealth LLC increased its stake in shares of 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 purchasing an additional 374 shares during the period. Finally, Ffcm LLC increased its stake in shares of 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 purchasing an additional 396 shares during the period. Institutional investors and hedge funds own 63.59% of the company’s stock.

MDU Resources Group, Inc. (MDU) opened at 27.03 on Friday. MDU Resources Group, Inc. has a 52 week low of $24.71 and a 52 week high of $29.92. The company’s 50-day moving average price is $26.78 and its 200 day moving average price is $26.59. The company has a market capitalization of $5.28 billion, a price-to-earnings ratio of 23.50 and a beta of 0.91.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Tuesday, August 1st. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.03). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. MDU Resources Group had a return on equity of 10.24% and a net margin of 5.37%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business earned $0.24 earnings per share. On average, analysts predict that MDU Resources Group, Inc. will post $1.21 EPS for the current year.

The business also recently disclosed 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 was Wednesday, September 13th. This represents a $0.77 annualized dividend and a yield of 2.85%. MDU Resources Group’s dividend payout ratio (DPR) is presently 66.96%.

In related news, CEO David L. Goodin acquired 5,000 shares of the business’s stock in a transaction on Friday, August 11th. The stock was 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 of the company’s stock, valued at approximately $2,434,519.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.95% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/21/11227-shares-in-mdu-resources-group-inc-mdu-purchased-by-cetera-investment-advisers.html.

A number of research firms have recently commented on MDU. KeyCorp reiterated a “buy” rating and issued a $28.00 price objective on shares of MDU Resources Group in a research note on Friday. Zacks Investment Research upgraded MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Wednesday, October 11th. Finally, BidaskClub lowered MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $30.75.

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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