Aperio Group LLC boosted its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,106 shares of the utilities provider’s stock after buying an additional 1,885 shares during the period. Aperio Group LLC’s holdings in MDU Resources Group were worth $1,313,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its position in shares of MDU Resources Group by 35.1% in the first quarter. Janney Montgomery Scott LLC now owns 9,405 shares of the utilities provider’s stock valued at $257,000 after buying an additional 2,444 shares during the period. First Mercantile Trust Co. raised its position in shares of MDU Resources Group by 59.6% in the first quarter. First Mercantile Trust Co. now owns 48,652 shares of the utilities provider’s stock valued at $1,332,000 after buying an additional 18,168 shares during the period. First Quadrant L P CA raised its position in shares of MDU Resources Group by 12.1% in the first quarter. First Quadrant L P CA now owns 64,659 shares of the utilities provider’s stock valued at $1,770,000 after buying an additional 6,967 shares during the period. Glen Harbor Capital Management LLC raised its position in shares of MDU Resources Group by 90.1% in the first quarter. Glen Harbor Capital Management LLC now owns 25,466 shares of the utilities provider’s stock valued at $697,000 after buying an additional 12,070 shares during the period. Finally, ProShare Advisors LLC raised 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 during the period. 62.93% of the stock is owned by institutional investors.

MDU Resources Group, Inc. (MDU) traded up 1.60% during midday trading on Monday, reaching $26.03. 275,121 shares of the company traded hands. MDU Resources Group, Inc. has a 12-month low of $22.94 and a 12-month high of $29.92. The stock has a market capitalization of $5.08 billion, a P/E ratio of 22.63 and a beta of 0.91. The company has a 50 day moving average of $26.02 and a 200-day moving average of $26.75.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings results on Tuesday, August 1st. The utilities provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. Equities analysts anticipate that MDU Resources Group, Inc. will post $1.21 EPS for the current fiscal year.

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Several equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of MDU Resources Group from a “hold” rating to a “strong sell” rating in a report on Friday, July 28th. BidaskClub lowered shares of MDU Resources Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $32.33.

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.

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

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