What’s Propelling Mdu Resources Group Incorporated (NYSE:MDU) After Lower Shorts Reported?

February 15, 2018 - By Stephen Andrade

 What’s Propelling Mdu Resources Group Incorporated (NYSE:MDU) After Lower Shorts Reported?

Investors sentiment increased to 1.16 in 2017 Q3. Its up 0.12, from 1.04 in 2017Q2. It increased, as 25 investors sold MDU Resources Group, Inc. shares while 84 reduced holdings. 37 funds opened positions while 89 raised stakes. 121.98 million shares or 0.14% less from 122.15 million shares in 2017Q2 were reported.
Bowling Portfolio Mngmt Lc reported 95,980 shares. Price T Rowe Assocs Md holds 0% or 61,857 shares. Lpl accumulated 75,800 shares or 0.01% of the stock. Clinton Group holds 0.08% or 28,178 shares in its portfolio. Tompkins Financial accumulated 100 shares or 0% of the stock. Viking Fund Ltd Liability Company holds 0.5% or 120,000 shares. Montgomery Management Inc has invested 2.21% in MDU Resources Group, Inc. (NYSE:MDU). Texas Permanent School Fund invested 0.05% of its portfolio in MDU Resources Group, Inc. (NYSE:MDU). Amp Capital Invsts Limited owns 47,463 shares or 0.01% of their US portfolio. Tci Wealth Advisors Incorporated accumulated 0.03% or 2,149 shares. Arrowstreet Cap Ltd Partnership owns 1.53 million shares. Comerica State Bank accumulated 154,982 shares. First Mercantile holds 0.18% in MDU Resources Group, Inc. (NYSE:MDU) or 37,358 shares. Fenimore Asset Management Incorporated reported 257,353 shares or 0.27% of all its holdings. Burney reported 0.16% stake.

The stock of Mdu Resources Group Incorporated (NYSE:MDU) registered a decrease of 1.53% in short interest. MDU’s total short interest was 1.75 million shares in February as published by FINRA. Its down 1.53% from 1.78M shares, reported previously. With 755,000 shares average volume, it will take short sellers 2 days to cover their MDU’s short positions. The short interest to Mdu Resources Group Incorporated’s float is 0.91%.

The stock increased 0.61% or $0.165 during the last trading session, reaching $27.385. About 401,987 shares traded. MDU Resources Group, Inc. (NYSE:MDU) has risen 22.88% since February 15, 2017 and is uptrending. It has outperformed by 6.18% the S&P500.

MDU Resources Group, Inc. engages in the regulated energy delivery, and construction materials and services businesses in the United States. The company has market cap of $5.35 billion. The firm operates through Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services divisions. It has a 23.27 P/E ratio. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming.

MDU Resources Group, Inc. (NYSE:MDU) Ratings Coverage

Among 5 analysts covering MDU Resources (NYSE:MDU), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. MDU Resources had 8 analyst reports since August 6, 2015 according to SRatingsIntel. Argus Research upgraded MDU Resources Group, Inc. (NYSE:MDU) on Tuesday, May 31 to “Buy” rating. The company was downgraded on Monday, February 13 by Argus Research. The rating was maintained by KeyBanc Capital Markets with “Buy” on Wednesday, October 18.

More news for MDU Resources Group, Inc. (NYSE:MDU) were recently published by: Nasdaq.com, which released: “MDU Resources (MDU) Beats on Q4 Earnings, Issues ’18 View” on February 08, 2018. Prnewswire.com‘s article titled: “Quotidian Technical Highlights on Selected General Building Materials Stocks …” and published on February 14, 2018 is yet another important article.

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