Traders purchased shares of MDU Resources Group Inc. (NYSE:MDU) on weakness during trading on Wednesday. $27.26 million flowed into the stock on the tick-up and $4.64 million flowed out of the stock on the tick-down, for a money net flow of $22.62 million into the stock. Of all equities tracked, MDU Resources Group had the 17th highest net in-flow for the day. MDU Resources Group traded down ($0.10) for the day and closed at $24.28

A number of equities analysts recently issued reports on MDU shares. Zacks Investment Research upgraded MDU Resources Group from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a report on Tuesday, May 10th. TheStreet upgraded MDU Resources Group from a “hold” rating to a “buy” rating in a report on Friday, April 29th. Finally, Argus upgraded MDU Resources Group from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Tuesday, May 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $21.90.

The firm’s 50 day moving average price is $22.98 and its 200 day moving average price is $19.64. The stock’s market capitalization is $4.74 billion.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The business earned $905.20 million during the quarter, compared to analyst estimates of $971.63 million. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 earnings per share. On average, equities research analysts predict that MDU Resources Group Inc. will post $1.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Thursday, June 9th were issued a $0.1875 dividend. The ex-dividend date was Tuesday, June 7th. This represents a $0.75 annualized dividend and a yield of 3.09%.

A number of hedge funds and institutional investors have modified their holdings of MDU. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of MDU Resources Group by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,613 shares of the company’s stock valued at $1,037,000 after buying an additional 300 shares during the period. Liberty Mutual Group Asset Management Inc. increased its position in shares of MDU Resources Group by 51.5% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 125,771 shares of the company’s stock valued at $2,305,000 after buying an additional 42,730 shares during the period. Comerica Bank increased its position in shares of MDU Resources Group by 0.3% in the fourth quarter. Comerica Bank now owns 137,564 shares of the company’s stock valued at $2,407,000 after buying an additional 459 shares during the period. Mutual of America Capital Management LLC increased its position in shares of MDU Resources Group by 1.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 131,708 shares of the company’s stock valued at $2,413,000 after buying an additional 1,921 shares during the period. Finally, Matarin Capital Management LLC acquired a new position in shares of MDU Resources Group during the fourth quarter valued at $2,589,000.

MDU Resources Group, Inc is a diversified natural resource company. Montana-Dakota Utilities Co (Montana-Dakota) is a public utility division of the Company. Montana-Dakota, through the electric and natural gas distribution segments, generates, transmits and distributes electricity and distributes natural gas.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.