Los Angeles Capital Management & Equity Research Inc. Has $15.86 Million Position in Mdu Resources Group Inc (NYSE:MDU)

Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Mdu Resources Group Inc (NYSE:MDU) by 28.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 614,761 shares of the utilities provider’s stock after buying an additional 135,020 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned about 0.31% of Mdu Resources Group worth $15,861,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its position in Mdu Resources Group by 3.0% during the first quarter. BlackRock Inc. now owns 18,923,508 shares of the utilities provider’s stock worth $488,794,000 after buying an additional 547,091 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Mdu Resources Group by 15.4% in the 4th quarter. Geode Capital Management LLC now owns 2,957,670 shares of the utilities provider’s stock worth $70,510,000 after buying an additional 393,966 shares during the last quarter. FMR LLC grew its stake in shares of Mdu Resources Group by 126.8% in the 1st quarter. FMR LLC now owns 2,855,765 shares of the utilities provider’s stock worth $73,764,000 after buying an additional 1,596,753 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Mdu Resources Group by 122.9% in the 1st quarter. Acadian Asset Management LLC now owns 2,587,718 shares of the utilities provider’s stock worth $66,837,000 after buying an additional 1,426,839 shares during the last quarter. Finally, Frontier Capital Management Co. LLC grew its stake in shares of Mdu Resources Group by 3.8% in the 1st quarter. Frontier Capital Management Co. LLC now owns 2,237,915 shares of the utilities provider’s stock worth $57,805,000 after buying an additional 82,726 shares during the last quarter. Institutional investors own 66.53% of the company’s stock.

NYSE:MDU traded down $0.26 on Friday, reaching $26.67. 515,765 shares of the company’s stock traded hands, compared to its average volume of 906,091. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.87 and a current ratio of 1.58. The stock’s 50-day moving average is $26.14. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 2.54 and a beta of 0.67. Mdu Resources Group Inc has a 12 month low of $22.73 and a 12 month high of $29.02.

Mdu Resources Group (NYSE:MDU) last posted its quarterly earnings results on Tuesday, July 30th. The utilities provider reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.04. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Mdu Resources Group had a return on equity of 11.11% and a net margin of 5.91%. The business’s quarterly revenue was up 22.4% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share. As a group, sell-side analysts expect that Mdu Resources Group Inc will post 1.49 EPS for the current year.

Several analysts recently weighed in on MDU shares. Zacks Investment Research upgraded Mdu Resources Group from a “sell” rating to a “hold” rating in a research note on Monday, May 20th. Williams Capital set a $30.00 price target on Mdu Resources Group and gave the stock a “buy” rating in a research note on Thursday, May 2nd.

In other Mdu Resources Group news, Director David M. Sparby purchased 2,500 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were acquired at an average cost of $25.20 per share, with a total value of $63,000.00. Following the completion of the acquisition, the director now directly owns 7,908 shares in the company, valued at $199,281.60. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Edward A. Ryan purchased 3,500 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were acquired at an average cost of $24.81 per share, for a total transaction of $86,835.00. Following the completion of the acquisition, the director now owns 12,190 shares of the company’s stock, valued at $302,433.90. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 11,000 shares of company stock worth $272,085. Insiders own 1.05% of the company’s stock.

About Mdu Resources Group

MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. It operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming.

See Also: Net Asset Value

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

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