Nisa Investment Advisors LLC Decreases Holdings in MDU Resources Group Inc (NYSE:MDU)

Nisa Investment Advisors LLC cut its holdings in MDU Resources Group Inc (NYSE:MDU) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,255 shares of the utilities provider’s stock after selling 9,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in MDU Resources Group were worth $2,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Advisor Group Inc. grew its stake in shares of MDU Resources Group by 0.7% in the second quarter. Advisor Group Inc. now owns 15,286 shares of the utilities provider’s stock worth $402,000 after purchasing an additional 100 shares during the last quarter. HighTower Advisors LLC boosted its position in MDU Resources Group by 7.0% during the 2nd quarter. HighTower Advisors LLC now owns 9,105 shares of the utilities provider’s stock valued at $240,000 after acquiring an additional 594 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in MDU Resources Group by 1.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 77,945 shares of the utilities provider’s stock valued at $2,041,000 after acquiring an additional 872 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in MDU Resources Group by 1.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 157,646 shares of the utilities provider’s stock valued at $4,130,000 after acquiring an additional 1,535 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its position in MDU Resources Group by 7.5% during the 3rd quarter. Moors & Cabot Inc. now owns 29,921 shares of the utilities provider’s stock valued at $775,000 after acquiring an additional 2,100 shares in the last quarter. 62.75% of the stock is currently owned by institutional investors.

Several analysts have weighed in on MDU shares. Williams Capital cut their price objective on MDU Resources Group from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday. KeyCorp reiterated a “buy” rating and set a $28.00 target price on shares of MDU Resources Group in a report on Friday, October 20th. Finally, Zacks Investment Research upgraded shares of MDU Resources Group from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $29.17.

MDU Resources Group Inc (MDU) traded up $1.07 during mid-day trading on Friday, hitting $26.62. 1,510,222 shares of the stock traded hands, compared to its average volume of 993,880. MDU Resources Group Inc has a 1 year low of $24.29 and a 1 year high of $28.22. The stock has a market capitalization of $5,198.99, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 2.51 and a beta of 0.81. The company has a quick ratio of 1.01, a current ratio of 1.28 and a debt-to-equity ratio of 0.68.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. MDU Resources Group had a net margin of 6.33% and a return on equity of 10.59%. The company had revenue of $1.17 billion during the quarter. During the same quarter in the previous year, the firm earned $0.33 earnings per share. MDU Resources Group’s revenue was up 14.7% on a year-over-year basis. analysts forecast that MDU Resources Group Inc will post 1.38 earnings per share for the current year.

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MDU Resources Group Profile

MDU Resources Group, Inc is engaged in regulated energy delivery and construction materials and services business. The Company’s businesses segments are electric, natural gas distribution, pipeline and midstream, construction materials and contracting, and construction services. The electric segment generates, transmits and distributes electricity.

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

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