Strs Ohio Has $535,000 Position in MDU Resources Group Inc (MDU)
Strs Ohio boosted its holdings in MDU Resources Group Inc (NYSE:MDU) by 26.0% in the third quarter, HoldingsChannel reports. The firm owned 20,840 shares of the utilities provider’s stock after purchasing an additional 4,295 shares during the quarter. Strs Ohio’s holdings in MDU Resources Group were worth $535,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in MDU. Whittier Trust Co. bought a new position in MDU Resources Group in the second quarter valued at $105,000. Bruderman Asset Management LLC grew its position in MDU Resources Group by 374.0% in the second quarter. Bruderman Asset Management LLC now owns 5,332 shares of the utilities provider’s stock valued at $153,000 after purchasing an additional 4,207 shares in the last quarter. Ferguson Wellman Capital Management Inc. bought a new position in MDU Resources Group in the second quarter valued at $224,000. Itau Unibanco Holding S.A. bought a new position in MDU Resources Group in the second quarter valued at $226,000. Finally, Oakbrook Investments LLC grew its position in MDU Resources Group by 35.4% in the third quarter. Oakbrook Investments LLC now owns 12,249 shares of the utilities provider’s stock valued at $315,000 after purchasing an additional 3,200 shares in the last quarter. 64.55% of the stock is owned by institutional investors and hedge funds.
NYSE MDU opened at $26.53 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.67 and a debt-to-equity ratio of 0.76. The stock has a market cap of $5.14 billion, a PE ratio of 18.99, a P/E/G ratio of 2.94 and a beta of 0.52. MDU Resources Group Inc has a 52-week low of $24.29 and a 52-week high of $29.62.
A number of brokerages have commented on MDU. KeyCorp increased their price target on shares of MDU Resources Group from $29.00 to $30.00 and gave the company a “$29.34” rating in a research note on Thursday, July 19th. Citigroup increased their price target on shares of MDU Resources Group from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, July 31st. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. MDU Resources Group currently has a consensus rating of “Buy” and a consensus target price of $29.25.
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MDU Resources Group Profile
MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services.
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