Oregon Public Employees Retirement Fund raised its position in shares of Mdu Resources Group Inc (NYSE:MDU) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,163 shares of the utilities provider’s stock after acquiring an additional 2,021 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Mdu Resources Group were worth $2,042,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB bought a new stake in Mdu Resources Group during the fourth quarter valued at $3,817,000. First Citizens Bank & Trust Co. boosted its position in Mdu Resources Group by 20.0% during the first quarter. First Citizens Bank & Trust Co. now owns 29,899 shares of the utilities provider’s stock valued at $772,000 after acquiring an additional 4,976 shares during the last quarter. New York State Teachers Retirement System boosted its position in Mdu Resources Group by 5.1% during the first quarter. New York State Teachers Retirement System now owns 328,428 shares of the utilities provider’s stock valued at $8,483,000 after acquiring an additional 15,900 shares during the last quarter. 6 Meridian boosted its position in Mdu Resources Group by 11.3% during the first quarter. 6 Meridian now owns 19,364 shares of the utilities provider’s stock valued at $500,000 after acquiring an additional 1,972 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Mdu Resources Group by 1.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 162,462 shares of the utilities provider’s stock valued at $3,873,000 after acquiring an additional 2,621 shares during the last quarter. 66.45% of the stock is currently owned by institutional investors and hedge funds.
In other Mdu Resources Group news, Director David M. Sparby purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were acquired at an average price of $25.20 per share, with a total value of $63,000.00. Following the transaction, the director now owns 7,908 shares in the company, valued at $199,281.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Edward A. Ryan purchased 3,500 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was acquired at an average cost of $24.81 per share, for a total transaction of $86,835.00. Following the transaction, the director now owns 12,190 shares in the company, valued at approximately $302,433.90. The disclosure for this purchase can be found here. Insiders have bought a total of 11,000 shares of company stock worth $272,085 in the last three months. Insiders own 1.05% of the company’s stock.
Shares of MDU stock traded up $0.11 on Friday, reaching $26.95. 747,122 shares of the company were exchanged, compared to its average volume of 730,361. The stock has a market capitalization of $5.30 billion, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 2.52 and a beta of 0.67. The firm has a 50-day simple moving average of $26.03. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.78. Mdu Resources Group Inc has a one year low of $22.73 and a one year high of $29.02.
Mdu Resources Group (NYSE:MDU) last released its quarterly earnings data on Tuesday, July 30th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Mdu Resources Group had a net margin of 5.91% and a return on equity of 11.21%. The business’s revenue was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 EPS. Equities research analysts predict that Mdu Resources Group Inc will post 1.49 EPS for the current fiscal year.
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.
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