Washington Trust Bank buys $2,157,672 stake in MDU Resources Group Inc (MDU)

MDU Resources Group Inc (MDU) : Washington Trust Bank scooped up 27 additional shares in MDU Resources Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 4, 2016. The investment management firm now holds a total of 86,169 shares of MDU Resources Group Inc which is valued at $2,157,672.MDU Resources Group Inc makes up approximately 0.52% of Washington Trust Bank’s portfolio.

Other Hedge Funds, Including , Eqis Capital Management boosted its stake in MDU in the latest quarter, The investment management firm added 5,807 additional shares and now holds a total of 15,969 shares of MDU Resources Group Inc which is valued at $399,864. MDU Resources Group Inc makes up approx 0.03% of Eqis Capital Management’s portfolio.

MDU Resources Group Inc closed down -0.63 points or -2.49% at $24.69 with 11,11,743 shares getting traded on Tuesday. Post opening the session at $25.3, the shares hit an intraday low of $24.49 and an intraday high of $25.3 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, MDU Resources Group Inc reported $0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Feb 3, 2016. Analyst had a consensus of $0.27. The company had revenue of $1062.50 million for the quarter, compared to analysts expectations of $1139.90 million. The company’s revenue was down -8.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.38 EPS.

MDU Resources Group Inc. is a natural resource company. The Company’s segments include electric natural gas distribution pipeline and energy services exploration and production construction materials and contracting and construction services. The electric segment provides electric service at retail. The natural gas distribution segment sells natural gas at retail. The pipeline and energy services segment through WBI Holdings Inc. owns and operates both regulated and nonregulated businesses. The exploration and production segment is involved in the development and production of oil and natural gas resources. The construction materials and contracting segment mines aggregates and markets crushed stone sand gravel and related construction materials. The construction services segment is engaged in constructing and maintaining electric and communication lines gas pipelines fire suppression systems and external lighting and traffic signalization equipment.

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