OLD Republic International Corp continued to hold its position in MDU Resources Group, Inc. (NYSE:MDU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,300,000 shares of the utilities provider’s stock at the end of the second quarter. OLD Republic International Corp’s holdings in MDU Resources Group were worth $34,060,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MDU. Janney Montgomery Scott LLC raised its position in MDU Resources Group by 35.1% in the first quarter. Janney Montgomery Scott LLC now owns 9,405 shares of the utilities provider’s stock valued at $257,000 after buying an additional 2,444 shares during the last quarter. First Mercantile Trust Co. raised its position in MDU Resources Group by 59.6% in the first quarter. First Mercantile Trust Co. now owns 48,652 shares of the utilities provider’s stock valued at $1,332,000 after buying an additional 18,168 shares during the last quarter. First Quadrant L P CA raised its position in MDU Resources Group by 12.1% in the first quarter. First Quadrant L P CA now owns 64,659 shares of the utilities provider’s stock valued at $1,770,000 after buying an additional 6,967 shares during the last quarter. Glen Harbor Capital Management LLC raised its position in MDU Resources Group by 90.1% in the first quarter. Glen Harbor Capital Management LLC now owns 25,466 shares of the utilities provider’s stock valued at $697,000 after buying an additional 12,070 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in MDU Resources Group by 19.5% in the first quarter. ProShare Advisors LLC now owns 331,817 shares of the utilities provider’s stock valued at $9,082,000 after buying an additional 54,216 shares during the last quarter. Institutional investors and hedge funds own 63.40% of the company’s stock.

Shares of MDU Resources Group, Inc. (NYSE MDU) opened at 25.62 on Friday. The stock has a market cap of $5.00 billion, a PE ratio of 22.28 and a beta of 0.91. MDU Resources Group, Inc. has a 12-month low of $22.94 and a 12-month high of $29.92. The firm has a 50-day moving average price of $26.02 and a 200 day moving average price of $26.75.

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

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Several research firms recently issued reports on MDU. Zacks Investment Research lowered MDU Resources Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 28th. BidaskClub cut MDU Resources Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $32.33.

About MDU Resources Group

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.

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

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