Usca Ria LLC Acquires Shares of 900 Mdu Resources Group Inc (NYSE:MDU)

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Usca Ria LLC acquired a new stake in Mdu Resources Group Inc (NYSE:MDU) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 900 shares of the utilities provider’s stock, valued at approximately $25,000.

A number of other institutional investors also recently added to or reduced their stakes in MDU. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Mdu Resources Group by 7.0% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 32,225 shares of the utilities provider’s stock worth $831,000 after purchasing an additional 2,107 shares during the period. Quantitative Systematic Strategies LLC purchased a new stake in shares of Mdu Resources Group in the 2nd quarter worth approximately $2,027,000. Moors & Cabot Inc. lifted its position in shares of Mdu Resources Group by 69.9% in the 2nd quarter. Moors & Cabot Inc. now owns 46,421 shares of the utilities provider’s stock worth $1,198,000 after purchasing an additional 19,100 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of Mdu Resources Group by 82.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 475,211 shares of the utilities provider’s stock worth $12,260,000 after purchasing an additional 214,240 shares during the period. Finally, Parnassus Investments CA lifted its position in shares of Mdu Resources Group by 8.4% in the 3rd quarter. Parnassus Investments CA now owns 2,244,209 shares of the utilities provider’s stock worth $63,264,000 after purchasing an additional 173,831 shares during the period. 68.09% of the stock is owned by institutional investors.

Mdu Resources Group stock traded up $0.01 during mid-day trading on Friday, reaching $28.75. 656,027 shares of the company traded hands, compared to its average volume of 1,039,128. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.41 and a quick ratio of 1.23. Mdu Resources Group Inc has a fifty-two week low of $22.73 and a fifty-two week high of $29.46. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 2.75 and a beta of 0.65. The firm’s fifty day moving average is $28.15 and its two-hundred day moving average is $26.65.

Mdu Resources Group (NYSE:MDU) last issued its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.08. Mdu Resources Group had a net margin of 6.17% and a return on equity of 11.90%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the business posted $0.55 EPS. Mdu Resources Group’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, equities research analysts predict that Mdu Resources Group Inc will post 1.5 earnings per share for the current year.

Separately, Williams Capital upped their price target on shares of Mdu Resources Group from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, September 16th.

Mdu Resources Group Company Profile

MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. It operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming.

Read More: Market Capitalization – What it Means for Investors

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

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