MDU Resources Group Inc (MDU) Position Reduced by Forsta AP Fonden

Forsta AP Fonden decreased its position in shares of MDU Resources Group Inc (NYSE:MDU) by 25.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,400 shares of the utilities provider’s stock after selling 16,300 shares during the period. Forsta AP Fonden’s holdings in MDU Resources Group were worth $1,243,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Whittier Trust Co. acquired a new position in MDU Resources Group in the second quarter worth approximately $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 worth $153,000 after buying an additional 4,207 shares during the last quarter. Signition LP acquired a new position in MDU Resources Group in the third quarter worth approximately $207,000. Ferguson Wellman Capital Management Inc. acquired a new position in MDU Resources Group in the second quarter worth approximately $224,000. Finally, Itau Unibanco Holding S.A. acquired a new position in MDU Resources Group in the second quarter worth approximately $226,000. 64.78% of the stock is currently owned by hedge funds and other institutional investors.

NYSE MDU opened at $26.12 on Thursday. MDU Resources Group Inc has a twelve month low of $24.29 and a twelve month high of $29.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.30 and a current ratio of 1.67. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.97 and a beta of 0.52.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Wednesday, October 31st. The utilities provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). MDU Resources Group had a return on equity of 10.95% and a net margin of 6.88%. The firm had revenue of $1.28 billion for the quarter. During the same quarter last year, the firm posted $0.46 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. As a group, equities analysts expect that MDU Resources Group Inc will post 1.37 earnings per share for the current year.

Several equities analysts have weighed in on MDU shares. Citigroup lifted their price objective on shares of MDU Resources Group from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 31st. KeyCorp lifted their price objective on shares of MDU Resources Group from $29.00 to $30.00 and gave the stock a “$29.34” rating in a research report on Thursday, July 19th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. MDU Resources Group has an average rating of “Buy” and an average price target of $29.25.

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

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