BlueMountain Capital Management LLC grew its stake in MDU Resources Group Inc (NYSE:MDU) by 8,720.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,697 shares of the utilities provider’s stock after purchasing an additional 24,417 shares during the quarter. BlueMountain Capital Management LLC’s holdings in MDU Resources Group were worth $708,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of MDU. Tyers Asset Management LLC raised its stake in MDU Resources Group by 12.4% during the second quarter. Tyers Asset Management LLC now owns 16,096 shares of the utilities provider’s stock worth $462,000 after acquiring an additional 1,776 shares during the period. Mason Street Advisors LLC increased its stake in shares of MDU Resources Group by 1.9% in the first quarter. Mason Street Advisors LLC now owns 98,094 shares of the utilities provider’s stock valued at $2,762,000 after purchasing an additional 1,874 shares during the period. Victory Capital Management Inc. increased its stake in shares of MDU Resources Group by 0.4% in the second quarter. Victory Capital Management Inc. now owns 555,400 shares of the utilities provider’s stock valued at $15,929,000 after purchasing an additional 2,026 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of MDU Resources Group by 2.4% in the first quarter. PNC Financial Services Group Inc. now owns 87,954 shares of the utilities provider’s stock valued at $2,477,000 after purchasing an additional 2,045 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of MDU Resources Group by 6.9% in the first quarter. Commonwealth Equity Services LLC now owns 32,935 shares of the utilities provider’s stock valued at $927,000 after purchasing an additional 2,113 shares during the period. Institutional investors and hedge funds own 63.98% of the company’s stock.

Shares of NYSE:MDU opened at $27.07 on Tuesday. MDU Resources Group Inc has a 52 week low of $24.29 and a 52 week high of $29.62. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 3.01 and a beta of 0.59. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 0.71.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Tuesday, July 31st. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing the 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%. sell-side analysts predict that MDU Resources Group Inc will post 1.38 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Thursday, September 13th will be issued a $0.1975 dividend. This represents a $0.79 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Wednesday, September 12th. MDU Resources Group’s dividend payout ratio (DPR) is presently 63.20%.

Several equities research analysts have commented on MDU shares. 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 research note 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 research note on Tuesday, July 31st. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. MDU Resources Group has an average rating of “Buy” and a consensus target price of $29.25.

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.

Further Reading: Market Capitalization and Individual Investors

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

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