ARP Americas LP Takes Position in Mdu Resources Group Inc (NYSE:MDU)

ARP Americas LP acquired a new stake in Mdu Resources Group Inc (NYSE:MDU) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,200 shares of the utilities provider’s stock, valued at approximately $271,000.

Several other large investors have also recently bought and sold shares of MDU. Tompkins Financial Corp grew its holdings in Mdu Resources Group by 1,100.0% in the second quarter. Tompkins Financial Corp now owns 1,200 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 1,100 shares during the period. Bartlett & Co. LLC purchased a new stake in Mdu Resources Group in the first quarter valued at approximately $34,000. Steward Partners Investment Advisory LLC grew its holdings in Mdu Resources Group by 109.0% in the first quarter. Steward Partners Investment Advisory LLC now owns 1,881 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 981 shares during the period. Sowell Financial Services LLC purchased a new stake in Mdu Resources Group in the first quarter valued at approximately $47,000. Finally, MBE Wealth Management LLC purchased a new stake in Mdu Resources Group in the first quarter valued at approximately $58,000. 68.49% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Co lowered their target price on shares of Mdu Resources Group from $33.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, May 11th. Citigroup decreased their price objective on shares of Mdu Resources Group from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, June 16th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Mdu Resources Group has an average rating of “Hold” and an average target price of $27.75.

MDU traded down $0.35 during trading on Friday, hitting $20.98. 3,817,770 shares of the company’s stock were exchanged, compared to its average volume of 855,413. The company has a current ratio of 1.67, a quick ratio of 1.29 and a debt-to-equity ratio of 0.89. Mdu Resources Group Inc has a 1 year low of $15.00 and a 1 year high of $32.22. The stock has a 50 day moving average price of $21.53 and a 200 day moving average price of $24.20. The firm has a market cap of $4.21 billion, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 2.62 and a beta of 0.78.

Mdu Resources Group (NYSE:MDU) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.09). Mdu Resources Group had a return on equity of 11.47% and a net margin of 5.87%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1,000.00 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Mdu Resources Group’s quarterly revenue was up 9.7% compared to the same quarter last year. Analysts forecast that Mdu Resources Group Inc will post 1.6 earnings per share for the current fiscal year.

In other news, CEO David L. Goodin bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average cost of $19.25 per share, for a total transaction of $96,250.00. Following the completion of the purchase, the chief executive officer now owns 271,760 shares of the company’s stock, valued at $5,231,380. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David C. Barney bought 1,500 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was purchased at an average price of $19.95 per share, with a total value of $29,925.00. Following the completion of the purchase, the chief executive officer now directly owns 38,563 shares of the company’s stock, valued at approximately $769,331.85. The disclosure for this purchase can be found here. Insiders bought 16,500 shares of company stock valued at $332,985 over the last 90 days. Insiders own 0.94% of the company’s stock.

Mdu Resources Group Company Profile

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

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