Investment Centers of America Inc. lessened its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 6.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,313 shares of the utilities provider’s stock after selling 14,874 shares during the quarter. Investment Centers of America Inc. owned about 0.12% of MDU Resources Group worth $5,939,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. AT Bancorp bought a new position in shares of MDU Resources Group during the 2nd quarter worth about $131,000. Global X Management Co. LLC boosted its position in shares of MDU Resources Group by 220.3% during the 2nd quarter. Global X Management Co. LLC now owns 6,198 shares of the utilities provider’s stock worth $162,000 after purchasing an additional 4,263 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of MDU Resources Group by 8.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,671 shares of the utilities provider’s stock worth $175,000 after purchasing an additional 537 shares in the last quarter. Mosaic Family Wealth LLC boosted its position in shares of MDU Resources Group by 5.7% during the 2nd quarter. Mosaic Family Wealth LLC now owns 6,972 shares of the utilities provider’s stock worth $183,000 after purchasing an additional 374 shares in the last quarter. Finally, Ffcm LLC boosted its position in shares of MDU Resources Group by 5.7% during the 2nd quarter. Ffcm LLC now owns 7,360 shares of the utilities provider’s stock worth $193,000 after purchasing an additional 396 shares in the last quarter. 63.60% of the stock is currently owned by institutional investors.

In other news, CEO David L. Goodin bought 5,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average cost of $25.57 per share, with a total value of $127,850.00. Following the acquisition, the chief executive officer now directly owns 95,210 shares in the company, valued at $2,434,519.70. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.95% of the stock is owned by insiders.

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MDU Resources Group, Inc. (NYSE MDU) traded down 0.55% during midday trading on Friday, hitting $26.97. 257,841 shares of the company were exchanged. The stock has a 50 day moving average of $26.45 and a 200 day moving average of $26.66. MDU Resources Group, Inc. has a 1-year low of $23.37 and a 1-year high of $29.92. The firm has a market capitalization of $5.27 billion, a PE ratio of 23.45 and a beta of 0.92.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings results on Tuesday, August 1st. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.10 billion. During the same period in the prior year, the business posted $0.24 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities analysts predict that MDU Resources Group, Inc. will post $1.21 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Thursday, September 14th will be issued a dividend of $0.1925 per share. This represents a $0.77 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Wednesday, September 13th. MDU Resources Group’s dividend payout ratio (DPR) is 66.96%.

A number of equities analysts have recently issued reports on MDU shares. Zacks Investment Research raised shares of MDU Resources Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub cut shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, KeyCorp reissued a “buy” rating and set a $28.00 price objective on shares of MDU Resources Group in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $31.25.

MDU Resources Group 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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