Tompkins Financial Corp boosted its holdings in Mdu Resources Group Inc (NYSE:MDU) by 1,100.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,200 shares of the utilities provider’s stock after buying an additional 1,100 shares during the quarter. Tompkins Financial Corp’s holdings in Mdu Resources Group were worth $27,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. John G Ullman & Associates Inc. lifted its position in Mdu Resources Group by 38.1% in the second quarter. John G Ullman & Associates Inc. now owns 520,174 shares of the utilities provider’s stock worth $11,537,000 after buying an additional 143,510 shares during the last quarter. Miller Howard Investments Inc. NY grew its stake in Mdu Resources Group by 16.7% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 323,820 shares of the utilities provider’s stock worth $7,182,000 after purchasing an additional 46,240 shares in the last quarter. GWM Advisors LLC raised its position in Mdu Resources Group by 3.6% in the 2nd quarter. GWM Advisors LLC now owns 72,631 shares of the utilities provider’s stock valued at $1,611,000 after purchasing an additional 2,541 shares in the last quarter. First Quadrant L P CA purchased a new position in shares of Mdu Resources Group in the 2nd quarter valued at about $95,000. Finally, Raymond James & Associates boosted its stake in shares of Mdu Resources Group by 3.0% in the 2nd quarter. Raymond James & Associates now owns 229,414 shares of the utilities provider’s stock valued at $5,088,000 after buying an additional 6,725 shares during the period. 68.49% of the stock is currently owned by hedge funds and other institutional investors.

MDU stock opened at $20.98 on Friday. The company has a 50 day moving average of $21.53 and a two-hundred day moving average of $24.20. The company has a quick ratio of 1.29, a current ratio of 1.67 and a debt-to-equity ratio of 0.89. Mdu Resources Group Inc has a 12-month low of $15.00 and a 12-month high of $32.22. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 2.67 and a beta of 0.78.

Mdu Resources Group (NYSE:MDU) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.09). Mdu Resources Group had a return on equity of 11.47% and a net margin of 5.87%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1,000.00 million. During the same quarter in the prior year, the company posted $0.21 EPS. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, research analysts anticipate that Mdu Resources Group Inc will post 1.6 EPS for the current year.

Several analysts recently weighed in on MDU shares. Citigroup reduced their target price on shares of Mdu Resources Group from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, June 16th. Wells Fargo & Co decreased their price target on Mdu Resources Group from $33.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, May 11th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.75.

In related news, CEO David L. Goodin purchased 5,000 shares of Mdu Resources Group stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average price of $19.25 per share, with a total value of $96,250.00. Following the completion of the transaction, the chief executive officer now directly owns 271,760 shares of the company’s stock, valued at approximately $5,231,380. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David M. Sparby bought 4,000 shares of Mdu Resources Group stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of $20.06 per share, for a total transaction of $80,240.00. Following the completion of the acquisition, the director now owns 18,807 shares in the company, valued at approximately $377,268.42. The disclosure for this purchase can be found here. Insiders have acquired a total of 16,500 shares of company stock valued at $332,985 in the last quarter. Corporate insiders own 0.94% of the company’s stock.

About Mdu Resources Group

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.

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

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