Rhumbline Advisers decreased its position in shares of MDU Resources Group, Inc. (NYSE:MDU – Free Report) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 632,911 shares of the utilities provider’s stock after selling 6,342 shares during the period. Rhumbline Advisers owned 0.31% of MDU Resources Group worth $12,392,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MDU. Belpointe Asset Management LLC lifted its position in shares of MDU Resources Group by 59.7% during the 1st quarter. Belpointe Asset Management LLC now owns 1,070 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 400 shares during the last quarter. Money Concepts Capital Corp acquired a new stake in MDU Resources Group during the fourth quarter worth about $33,000. Cullen Frost Bankers Inc. increased its stake in MDU Resources Group by 393.7% during the second quarter. Cullen Frost Bankers Inc. now owns 1,254 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 1,000 shares during the period. Northwest Capital Management Inc acquired a new position in MDU Resources Group in the 2nd quarter valued at approximately $27,000. Finally, Stonebridge Capital Advisors LLC lifted its position in shares of MDU Resources Group by 71.0% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 1,325 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 550 shares during the period. 71.24% of the stock is owned by hedge funds and other institutional investors.
MDU Resources Group Stock Performance
NYSE MDU opened at $21.30 on Friday. The stock has a market cap of $4.34 billion, a P/E ratio of 10.44, a PEG ratio of 2.35 and a beta of 0.75. The company has a quick ratio of 1.22, a current ratio of 1.29 and a debt-to-equity ratio of 0.83. MDU Resources Group, Inc. has a twelve month low of $18.04 and a twelve month high of $22.55. The company’s 50-day simple moving average is $19.83 and its 200 day simple moving average is $19.60.
MDU Resources Group Dividend Announcement
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of MDU Resources Group from a “hold” rating to a “buy” rating in a research note on Wednesday.
Read Our Latest Report on MDU Resources Group
MDU Resources Group Profile
MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through five segments: Electric, Natural Gas Distribution, Pipeline, Construction Materials and Contracting, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 84 transmission and 294 distribution substations.
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