Concurrent Investment Advisors LLC Takes Position in MDU Resources Group, Inc. (NYSE:MDU)

Concurrent Investment Advisors LLC purchased a new position in MDU Resources Group, Inc. (NYSE:MDU - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,288 shares of the utilities provider's stock, valued at approximately $294,000.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in shares of MDU Resources Group by 19.4% during the fourth quarter. Blue Trust Inc. now owns 3,505 shares of the utilities provider's stock valued at $63,000 after purchasing an additional 570 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of MDU Resources Group by 2.0% during the third quarter. HighTower Advisors LLC now owns 32,739 shares of the utilities provider's stock valued at $896,000 after purchasing an additional 641 shares in the last quarter. Venturi Wealth Management LLC increased its stake 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 purchasing an additional 734 shares in the last quarter. Ingalls & Snyder LLC increased 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. Finally, Principal Securities Inc. increased its stake in shares of MDU Resources Group by 164.4% during the fourth quarter. Principal Securities Inc. now owns 1,470 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 914 shares in the last quarter. 71.44% of the stock is owned by institutional investors.

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Analyst Ratings Changes

A number of research firms have recently commented on MDU. Jefferies Financial Group began coverage on shares of MDU Resources Group in a report on Wednesday, January 8th. They set a "hold" rating and a $18.00 price target on the stock. Bank of America upgraded shares of MDU Resources Group from a "neutral" rating to a "buy" rating and cut their price target for the company from $31.00 to $17.00 in a report on Tuesday, November 5th. StockNews.com cut shares of MDU Resources Group from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. Finally, Siebert Williams Shank upgraded shares of MDU Resources Group from a "hold" rating to a "buy" rating and set a $19.00 price target on the stock in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $21.00.

Insider Buying and Selling

In other MDU Resources Group news, Director Dennis W. Johnson purchased 30,000 shares of the company's stock in a transaction dated Monday, February 10th. The shares were acquired at an average price of $16.64 per share, for a total transaction of $499,200.00. Following the purchase, the director now directly owns 180,166 shares of the company's stock, valued at $2,997,962.24. The trade was a 19.98 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

MDU Resources Group Stock Performance

MDU stock traded up $0.40 on Friday, hitting $17.25. The company had a trading volume of 1,726,123 shares, compared to its average volume of 1,991,093. MDU Resources Group, Inc. has a 12-month low of $14.91 and a 12-month high of $30.52. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.73. The stock's 50-day simple moving average is $17.61 and its 200 day simple moving average is $21.58. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 2.76 and a beta of 0.80.

MDU Resources Group (NYSE:MDU - Get Free Report) last issued its earnings results on Thursday, February 6th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. MDU Resources Group had a net margin of 7.31% and a return on equity of 10.20%. As a group, equities research analysts expect 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. Investors of record on Thursday, March 13th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Thursday, March 13th. MDU Resources Group's dividend payout ratio is currently 37.68%.

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.