First Mercantile Trust Co. lowered its stake in MDU Resources Group, Inc. (NYSE:MDU) by 22.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,584 shares of the utilities provider’s stock after selling 11,068 shares during the period. First Mercantile Trust Co.’s holdings in MDU Resources Group were worth $985,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. AT Bancorp acquired a new stake in shares of MDU Resources Group during the second quarter valued at about $131,000. Global X Management Co. LLC increased its stake in shares of MDU Resources Group by 220.3% in the second quarter. Global X Management Co. LLC now owns 6,198 shares of the utilities provider’s stock valued at $162,000 after buying an additional 4,263 shares in the last quarter. Ffcm LLC increased its stake in shares of 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. Trexquant Investment LP acquired a new stake in shares of MDU Resources Group during the second quarter valued at about $210,000. Finally, Sei Investments Co. increased its stake in shares of 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 in the last quarter. 63.40% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MDU Resources Group, Inc. (NYSE:MDU) opened at 25.62 on Friday. The firm has a market capitalization of $5.00 billion, a P/E ratio of 22.28 and a beta of 0.91. The company’s 50-day moving average price is $26.02 and its 200-day moving average price is $26.75. MDU Resources Group, Inc. has a 52-week low of $22.94 and a 52-week high of $29.92.

MDU Resources Group (NYSE:MDU) last announced its earnings results on Tuesday, August 1st. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.03. MDU Resources Group had a return on equity of 10.24% and a net margin of 5.37%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the company earned $0.24 EPS. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities research analysts expect that MDU Resources Group, Inc. will post $1.21 EPS for the current fiscal year.

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Several brokerages have recently issued reports on MDU. BidaskClub raised MDU Resources Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded MDU Resources Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target 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.

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

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