MDU Resources Group, Inc. (MDU) Shares Sold by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado cut its position in shares of MDU Resources Group, Inc. (NYSE:MDU) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,334 shares of the utilities provider’s stock after selling 43 shares during the period. Public Employees Retirement Association of Colorado’s holdings in MDU Resources Group were worth $1,057,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Ffcm LLC increased its stake in MDU Resources Group by 27.6% in the first quarter. Ffcm LLC now owns 6,964 shares of the utilities provider’s stock valued at $191,000 after buying an additional 1,508 shares in the last quarter. Bank of The West boosted its position in MDU Resources Group by 0.3% in the second quarter. Bank of The West now owns 8,083 shares of the utilities provider’s stock valued at $212,000 after buying an additional 24 shares during the last quarter. Sei Investments Co. boosted its position in MDU Resources Group by 15.8% in the first quarter. Sei Investments Co. now owns 8,013 shares of the utilities provider’s stock valued at $219,000 after buying an additional 1,091 shares during the last quarter. HighTower Advisors LLC bought a new position in MDU Resources Group during the first quarter valued at approximately $232,000. Finally, Gofen & Glossberg LLC IL boosted its position in MDU Resources Group by 15.3% in the first quarter. Gofen & Glossberg LLC IL now owns 8,889 shares of the utilities provider’s stock valued at $243,000 after buying an additional 1,180 shares during the last quarter. Institutional investors own 62.93% of the company’s stock.
Shares of MDU Resources Group, Inc. (NYSE MDU) opened at 26.08 on Wednesday. The company has a 50 day moving average price of $25.95 and a 200-day moving average price of $26.67. The firm has a market cap of $5.09 billion, a PE ratio of 22.68 and a beta of 0.91. MDU Resources Group, Inc. has a 12-month low of $22.94 and a 12-month high of $29.92.
MDU Resources Group (NYSE:MDU) last announced its earnings results on Tuesday, August 1st. The utilities provider reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.10 billion. MDU Resources Group had a return on equity of 10.24% and a net margin of 5.37%. MDU Resources Group’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 EPS. Analysts expect that MDU Resources Group, Inc. will post $1.21 EPS for the current year.
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Several research analysts have recently issued reports on MDU shares. BidaskClub raised MDU Resources Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised MDU Resources Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $32.33.
In other news, CEO David L. Goodin acquired 5,000 shares of the stock in a transaction on Friday, August 11th. The shares were purchased 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 acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.95% of the company’s stock.
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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