Nine Chapters Capital Management LLC bought a new stake in MDU Resources Group, Inc. (NYSE:MDU) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,400 shares of the utilities provider’s stock, valued at approximately $477,000.

Several other hedge funds have also recently made changes to their positions in MDU. FMR LLC boosted its stake in shares of MDU Resources Group by 7.1% in the first quarter. FMR LLC now owns 209,505 shares of the utilities provider’s stock valued at $5,734,000 after purchasing an additional 13,800 shares during the period. Dimensional Fund Advisors LP boosted its stake in MDU Resources Group by 12.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 898,229 shares of the utilities provider’s stock valued at $24,583,000 after acquiring an additional 95,910 shares during the last quarter. UBS Group AG boosted its stake in MDU Resources Group by 21.0% during the 1st quarter. UBS Group AG now owns 98,291 shares of the utilities provider’s stock valued at $2,691,000 after acquiring an additional 17,056 shares during the last quarter. Morgan Stanley boosted its stake in MDU Resources Group by 6.3% during the 1st quarter. Morgan Stanley now owns 592,793 shares of the utilities provider’s stock valued at $16,225,000 after acquiring an additional 34,900 shares during the last quarter. Finally, Gotham Asset Management LLC boosted its stake in MDU Resources Group by 42.8% during the 1st quarter. Gotham Asset Management LLC now owns 14,144 shares of the utilities provider’s stock valued at $387,000 after acquiring an additional 4,240 shares during the last quarter. Institutional investors and hedge funds own 63.13% of the company’s stock.

MDU has been the topic of a number of research analyst reports. KeyCorp reiterated a “buy” rating and set a $28.00 price objective on shares of MDU Resources Group in a research note on Friday, October 20th. Zacks Investment Research downgraded shares of MDU Resources Group from a “hold” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, BidaskClub downgraded shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. MDU Resources Group currently has a consensus rating of “Hold” and an average price target of $30.75.

In related news, CEO David L. Goodin acquired 5,000 shares of the stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $25.57 per share, for a total transaction of $127,850.00. Following the completion of the purchase, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.95% of the company’s stock.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings data on Tuesday, August 1st. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.03). The company had revenue of $1.07 billion during 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 in the previous year, the business posted $0.24 EPS.

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About MDU Resources Group

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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