AT Bancorp purchased a new stake in shares of MDU Resources Group, Inc. (NYSE:MDU) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 5,000 shares of the utilities provider’s stock, valued at approximately $131,000.

Several other institutional investors also recently made changes to their positions in MDU. Creative Planning boosted its position in shares of MDU Resources Group by 46.8% in the first quarter. Creative Planning now owns 11,284 shares of the utilities provider’s stock valued at $309,000 after buying an additional 3,599 shares in the last quarter. Rational Advisors LLC bought a new position in shares of MDU Resources Group during the first quarter valued at about $1,396,000. ProShare Advisors LLC boosted its position in shares of MDU Resources Group by 19.5% in the first quarter. ProShare Advisors LLC now owns 331,817 shares of the utilities provider’s stock valued at $9,082,000 after buying an additional 54,216 shares in the last quarter. American International Group Inc. boosted its position in shares of MDU Resources Group by 3.6% in the first quarter. American International Group Inc. now owns 390,430 shares of the utilities provider’s stock valued at $10,686,000 after buying an additional 13,533 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its position in shares of MDU Resources Group by 13.0% in the first quarter. Capstone Asset Management Co. now owns 22,364 shares of the utilities provider’s stock valued at $612,000 after buying an additional 2,580 shares in the last quarter. Institutional investors own 63.40% of the company’s stock.

Shares of MDU Resources Group, Inc. (NYSE MDU) opened at 25.96 on Thursday. MDU Resources Group, Inc. has a 1-year low of $22.94 and a 1-year high of $29.92. The company’s 50-day moving average is $26.11 and its 200 day moving average is $26.78. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 22.55 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 analysts’ consensus estimates of $0.25 by $0.03. MDU Resources Group had a return on equity of 10.24% and a net margin of 5.37%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the firm earned $0.24 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. Equities analysts anticipate that MDU Resources Group, Inc. will post $1.21 EPS for the current year.

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Several equities analysts recently issued reports on MDU shares. BidaskClub upgraded shares of MDU Resources Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research lowered shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. MDU Resources Group has an average rating of “Hold” and an average price target of $32.33.

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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