Amundi Invests $2.80 Million in MDU Resources Group, Inc. (NYSE:MDU)

Amundi purchased a new stake in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 155,016 shares of the utilities provider's stock, valued at approximately $2,798,000. Amundi owned 0.08% of MDU Resources Group as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of MDU. Blue Trust Inc. raised its stake in shares of MDU Resources Group by 19.4% in the fourth quarter. Blue Trust Inc. now owns 3,505 shares of the utilities provider's stock valued at $63,000 after acquiring an additional 570 shares during the period. HighTower Advisors LLC lifted its stake in MDU Resources Group by 2.0% in the third quarter. HighTower Advisors LLC now owns 32,739 shares of the utilities provider's stock worth $896,000 after purchasing an additional 641 shares during the last quarter. Venturi Wealth Management LLC boosted its position in shares of MDU Resources Group by 158.9% during the third quarter. Venturi Wealth Management LLC now owns 1,196 shares of the utilities provider's stock valued at $33,000 after buying an additional 734 shares during the period. Ingalls & Snyder LLC grew its stake in shares of MDU Resources Group by 2.2% during the third quarter. Ingalls & Snyder LLC now owns 39,335 shares of the utilities provider's stock valued at $1,078,000 after buying an additional 850 shares during the last quarter. Finally, Principal Securities Inc. raised its holdings in shares of MDU Resources Group by 164.4% in the fourth quarter. Principal Securities Inc. now owns 1,470 shares of the utilities provider's stock worth $26,000 after buying an additional 914 shares during the period. 71.44% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In other news, Director Dennis W. Johnson purchased 30,000 shares of the firm's stock in a transaction on Monday, February 10th. The stock was acquired at an average cost of $16.64 per share, with a total value of $499,200.00. Following the completion of the transaction, the director now owns 180,166 shares in the company, valued at $2,997,962.24. This represents a 19.98 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.59% of the stock is owned by company insiders.

MDU Resources Group Stock Down 0.4 %

Shares of MDU stock traded down $0.08 during mid-day trading on Thursday, hitting $17.06. The stock had a trading volume of 1,559,997 shares, compared to its average volume of 2,386,963. MDU Resources Group, Inc. has a 12-month low of $12.43 and a 12-month high of $20.39. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.07. The firm's 50-day moving average is $17.28 and its two-hundred day moving average is $20.83. The firm has a market capitalization of $3.48 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 2.76 and a beta of 0.81.

MDU Resources Group (NYSE:MDU - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. MDU Resources Group had a net margin of 7.31% and a return on equity of 10.20%. On average, analysts predict that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.52 dividend on an annualized basis and a yield of 3.05%. MDU Resources Group's dividend payout ratio is currently 37.68%.

Analyst Ratings Changes

A number of research firms recently issued reports on MDU. Jefferies Financial Group began coverage on MDU Resources Group in a research report on Wednesday, January 8th. They issued a "hold" rating and a $18.00 price objective on the stock. StockNews.com cut shares of MDU Resources Group from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, MDU Resources Group has a consensus rating of "Hold" and an average target price of $21.00.

About MDU Resources Group

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, 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 82 transmission and 298 distribution substations.