Russell Investments Group Ltd. grew its position in MDU Resources Group Inc (NYSE:MDU) by 4.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 67,190 shares of the utilities provider’s stock after buying an additional 2,724 shares during the period. Russell Investments Group Ltd.’s holdings in MDU Resources Group were worth $1,928,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Mason Street Advisors LLC boosted its holdings in shares of MDU Resources Group by 1.9% in the 1st quarter. Mason Street Advisors LLC now owns 98,094 shares of the utilities provider’s stock valued at $2,762,000 after buying an additional 1,874 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of MDU Resources Group by 0.4% in the 2nd quarter. Victory Capital Management Inc. now owns 555,400 shares of the utilities provider’s stock valued at $15,929,000 after buying an additional 2,026 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of MDU Resources Group by 2.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 87,954 shares of the utilities provider’s stock valued at $2,477,000 after buying an additional 2,045 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of MDU Resources Group by 6.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 32,935 shares of the utilities provider’s stock valued at $927,000 after buying an additional 2,113 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its holdings in shares of MDU Resources Group by 5.4% in the 1st quarter. OppenheimerFunds Inc. now owns 48,324 shares of the utilities provider’s stock valued at $1,361,000 after buying an additional 2,485 shares in the last quarter. Institutional investors and hedge funds own 63.97% of the company’s stock.

A number of research firms have recently weighed in on MDU. KeyCorp raised their price target on shares of MDU Resources Group from $29.00 to $30.00 and gave the company a “$29.34” rating in a report on Thursday, July 19th. Citigroup raised their price target on shares of MDU Resources Group from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, July 31st. Two 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 has an average rating of “Buy” and an average target price of $29.25.

Shares of MDU Resources Group stock opened at $25.73 on Wednesday. The company has a market capitalization of $5.15 billion, a P/E ratio of 20.58, a P/E/G ratio of 2.92 and a beta of 0.59. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 0.71. MDU Resources Group Inc has a 52 week low of $24.29 and a 52 week high of $29.62.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings data on Tuesday, July 31st. The utilities provider reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.06). The company had revenue of $1.06 billion during the quarter. MDU Resources Group had a net margin of 6.45% and a return on equity of 10.40%. analysts expect that MDU Resources Group Inc will post 1.38 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Thursday, September 13th will be given a $0.1975 dividend. This represents a $0.79 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Wednesday, September 12th. MDU Resources Group’s payout ratio is currently 63.20%.

MDU Resources Group Profile

MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services.

Featured Article: Should You Consider an Index Fund?

Want to see what other hedge funds are holding MDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MDU Resources Group Inc (NYSE:MDU).

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

Receive News & Ratings for MDU Resources Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MDU Resources Group and related companies with MarketBeat.com's FREE daily email newsletter.