MDU Resources Group, Inc. (NYSE:MDU) Shares Bought by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. raised its position in shares of MDU Resources Group, Inc. (NYSE:MDU) by 16.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,405 shares of the utilities provider’s stock after acquiring an additional 26,938 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.10% of MDU Resources Group worth $4,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. AT Bancorp purchased a new stake in shares of MDU Resources Group during the 2nd quarter worth approximately $131,000. Global X Management Co. LLC raised its holdings in shares of MDU Resources Group by 220.3% during the 2nd quarter. Global X Management Co. LLC now owns 6,198 shares of the utilities provider’s stock worth $162,000 after acquiring an additional 4,263 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of MDU Resources Group by 8.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,671 shares of the utilities provider’s stock worth $175,000 after acquiring an additional 537 shares in the last quarter. Mosaic Family Wealth LLC raised its holdings in shares of MDU Resources Group by 5.7% during the 2nd quarter. Mosaic Family Wealth LLC now owns 6,972 shares of the utilities provider’s stock worth $183,000 after acquiring an additional 374 shares in the last quarter. Finally, Ffcm LLC raised its holdings in shares of MDU Resources Group by 5.7% during the 2nd quarter. Ffcm LLC now owns 7,360 shares of the utilities provider’s stock worth $193,000 after acquiring an additional 396 shares in the last quarter. 63.59% of the stock is currently owned by institutional investors and hedge funds.

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In other news, CEO David L. Goodin bought 5,000 shares of the business’s stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $25.57 per share, with a total value of $127,850.00. Following the transaction, the chief executive officer now directly owns 95,210 shares in the company, valued at $2,434,519.70. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.95% of the stock is owned by insiders.

MDU has been the topic of several recent research reports. Zacks Investment Research raised MDU Resources Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub cut MDU Resources Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, KeyCorp reaffirmed a “buy” rating and set a $28.00 price objective on shares of MDU Resources Group in a report on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. MDU Resources Group currently has an average rating of “Hold” and an average target price of $30.75.

MDU Resources Group, Inc. (NYSE MDU) traded down 0.37% during mid-day trading on Wednesday, reaching $27.01. The company had a trading volume of 22,138 shares. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 23.49 and a beta of 0.91. The stock has a 50 day moving average of $26.74 and a 200 day moving average of $26.59. MDU Resources Group, Inc. has a 52 week low of $24.71 and a 52 week high of $29.92.

MDU Resources Group (NYSE:MDU) last released its earnings results on Tuesday, August 1st. The utilities provider reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.03). The firm had revenue of $1.07 billion for 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 firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 EPS. Analysts anticipate that MDU Resources Group, Inc. will post $1.21 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Shareholders of record on Thursday, September 14th were given a dividend of $0.1925 per share. This represents a $0.77 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend was Wednesday, September 13th. MDU Resources Group’s dividend payout ratio is 66.96%.

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.

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

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