Cambridge Investment Research Advisors Inc. trimmed its position in MDU Resources Group, Inc. (NYSE:MDU) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,314 shares of the utilities provider’s stock after selling 271 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in MDU Resources Group were worth $349,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in MDU Resources Group by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,671 shares of the utilities provider’s stock valued at $175,000 after acquiring an additional 537 shares during the last quarter. Pacer Advisors Inc. increased its stake in MDU Resources Group by 7.4% in the second quarter. Pacer Advisors Inc. now owns 26,845 shares of the utilities provider’s stock valued at $703,000 after acquiring an additional 1,852 shares during the last quarter. Utah Retirement Systems increased its stake in MDU Resources Group by 0.3% in the second quarter. Utah Retirement Systems now owns 35,452 shares of the utilities provider’s stock valued at $929,000 after acquiring an additional 100 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in MDU Resources Group by 17.6% in the second quarter. GHP Investment Advisors Inc. now owns 21,599 shares of the utilities provider’s stock valued at $566,000 after acquiring an additional 3,237 shares during the last quarter. Finally, Aviva PLC increased its stake in MDU Resources Group by 0.3% in the second quarter. Aviva PLC now owns 120,814 shares of the utilities provider’s stock valued at $3,165,000 after acquiring an additional 410 shares during the last quarter. 63.60% of the stock is currently owned by institutional investors and hedge funds.

Shares of MDU Resources Group, Inc. (NYSE:MDU) opened at 27.02 on Friday. The company has a market cap of $5.28 billion, a PE ratio of 23.50 and a beta of 0.92. MDU Resources Group, Inc. has a 1-year low of $23.89 and a 1-year high of $29.92. The firm’s 50 day moving average is $26.47 and its 200-day moving average is $26.66.

MDU Resources Group (NYSE:MDU) last posted its earnings results on Tuesday, August 1st. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the company earned $0.24 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities analysts expect that MDU Resources Group, Inc. will post $1.21 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Thursday, September 14th will be paid a $0.1925 dividend. This represents a $0.77 annualized dividend and a yield of 2.85%. The ex-dividend date is Wednesday, September 13th. MDU Resources Group’s dividend payout ratio is presently 66.96%.

In other news, CEO David L. Goodin bought 5,000 shares of the stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $25.57 per share, for a total transaction of $127,850.00. Following the purchase, the chief executive officer now directly owns 95,210 shares of the company’s stock, valued at approximately $2,434,519.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.95% of the company’s stock.

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

MDU Resources Group Company 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.

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

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