Beacon Harbor Wealth Advisors Inc. Makes New $6.35 Million Investment in MDU Resources Group, Inc. (NYSE:MDU)

Beacon Harbor Wealth Advisors Inc. purchased a new position in MDU Resources Group, Inc. (NYSE:MDU - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 231,720 shares of the utilities provider's stock, valued at approximately $6,351,000. Beacon Harbor Wealth Advisors Inc. owned about 0.11% of MDU Resources Group at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of MDU Resources Group by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,491,990 shares of the utilities provider's stock valued at $188,049,000 after purchasing an additional 563,424 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in MDU Resources Group by 40.9% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,048,344 shares of the utilities provider's stock valued at $151,813,000 after acquiring an additional 1,756,530 shares during the period. American Century Companies Inc. raised its holdings in MDU Resources Group by 30.7% during the second quarter. American Century Companies Inc. now owns 4,158,224 shares of the utilities provider's stock valued at $104,371,000 after acquiring an additional 977,487 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of MDU Resources Group by 1.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,782,538 shares of the utilities provider's stock valued at $48,859,000 after acquiring an additional 33,982 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of MDU Resources Group by 36.6% in the second quarter. AQR Capital Management LLC now owns 1,745,980 shares of the utilities provider's stock worth $43,824,000 after acquiring an additional 467,465 shares during the period. Institutional investors own 71.44% of the company's stock.

MDU Resources Group Stock Up 2.4 %

MDU stock traded up $0.42 during trading on Friday, reaching $17.93. 2,768,016 shares of the company traded hands, compared to its average volume of 1,585,009. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 8.97, a price-to-earnings-growth ratio of 1.45 and a beta of 0.76. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.22. The business has a 50 day simple moving average of $26.17 and a 200 day simple moving average of $25.55. MDU Resources Group, Inc. has a 12 month low of $14.91 and a 12 month high of $30.52.

MDU Resources Group (NYSE:MDU - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $969.17 million. MDU Resources Group had a return on equity of 11.29% and a net margin of 9.25%. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 EPS. On average, equities research analysts anticipate that MDU Resources Group, Inc. will post 1.57 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, October 21st were issued a $12.875 dividend. The ex-dividend date was Friday, November 1st. MDU Resources Group's dividend payout ratio is presently 26.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MDU shares. Siebert Williams Shank upgraded shares of MDU Resources Group from a "hold" rating to a "buy" rating and set a $19.00 target price for the company in a research report on Monday. Bank of America raised shares of MDU Resources Group from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $31.00 to $17.00 in a report on Tuesday. Finally, StockNews.com initiated coverage on MDU Resources Group in a report on Tuesday. They issued a "hold" rating on the stock.

MDU Resources Group Profile

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.