Brady Martz Wealth Solutions LLC Takes $494,000 Position in MDU Resources Group, Inc. (NYSE:MDU)

Brady Martz Wealth Solutions LLC bought a new stake in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 27,240 shares of the utilities provider's stock, valued at approximately $494,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in MDU Resources Group by 23.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,142 shares of the utilities provider's stock worth $54,000 after buying an additional 413 shares in the last quarter. HighTower Advisors LLC boosted its position in MDU Resources Group by 2.0% during the 3rd quarter. HighTower Advisors LLC now owns 32,739 shares of the utilities provider's stock worth $896,000 after acquiring an additional 641 shares during the period. Venturi Wealth Management LLC grew its stake in shares of MDU Resources Group by 158.9% in the third quarter. Venturi Wealth Management LLC now owns 1,196 shares of the utilities provider's stock worth $33,000 after purchasing an additional 734 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of MDU Resources Group by 3.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 24,264 shares of the utilities provider's stock valued at $609,000 after purchasing an additional 817 shares during the period. Finally, Ingalls & Snyder LLC raised 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 purchasing an additional 850 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company's stock.

MDU Resources Group Price Performance

Shares of NYSE MDU traded down $0.11 during midday trading on Monday, reaching $18.34. The company's stock had a trading volume of 10,281,779 shares, compared to its average volume of 1,468,781. MDU Resources Group, Inc. has a one year low of $14.91 and a one year high of $30.52. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 2.65 and a beta of 0.81. The company has a 50 day moving average price of $18.65 and a 200 day moving average price of $23.30. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.73.

MDU Resources Group (NYSE:MDU - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $969.17 million. MDU Resources Group had a return on equity of 11.24% and a net margin of 8.92%. The firm's revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 earnings per share. On average, equities research analysts expect that MDU Resources Group, Inc. will post 1.09 EPS for the current year.

MDU Resources Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Thursday, December 12th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.83%. MDU Resources Group's dividend payout ratio (DPR) is 26.67%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MDU. Jefferies Financial Group began coverage on shares of MDU Resources Group in a research report on Wednesday, January 8th. They issued a "hold" rating and a $18.00 target price for the company. Siebert Williams Shank upgraded shares of MDU Resources Group from a "hold" rating to a "buy" rating and set a $19.00 price objective for the company in a report on Monday, November 4th. StockNews.com initiated coverage on MDU Resources Group in a report on Friday, January 3rd. They set a "hold" rating on the stock. Finally, Bank of America raised MDU Resources Group from a "neutral" rating to a "buy" rating and decreased their price target for the company from $31.00 to $17.00 in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $21.00.

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.