GSA Capital Partners LLP Invests $2.04 Million in MDU Resources Group, Inc. (NYSE:MDU)

GSA Capital Partners LLP acquired a new position in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 74,401 shares of the utilities provider's stock, valued at approximately $2,039,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MDU. Dimensional Fund Advisors LP lifted its stake in 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 acquiring an additional 563,424 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew 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 purchasing an additional 1,756,530 shares during the period. American Century Companies Inc. increased its position in MDU Resources Group by 30.7% in the second quarter. American Century Companies Inc. now owns 4,158,224 shares of the utilities provider's stock worth $104,371,000 after buying an additional 977,487 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of MDU Resources Group by 1.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,782,538 shares of the utilities provider's stock valued at $48,859,000 after buying an additional 33,982 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of MDU Resources Group by 36.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,745,980 shares of the utilities provider's stock valued at $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 Price Performance

Shares of NYSE MDU traded up $0.25 during trading on Wednesday, hitting $18.26. The company had a trading volume of 2,043,257 shares, compared to its average volume of 1,590,713. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 2.33 and a beta of 0.76. MDU Resources Group, Inc. has a fifty-two week low of $14.91 and a fifty-two week high of $30.52. The stock has a fifty day simple moving average of $25.87 and a two-hundred day simple moving average of $25.47. The company has a quick ratio of 1.07, a current ratio of 1.15 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 for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. MDU Resources Group had a return on equity of 11.24% and a net margin of 8.92%. The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $969.17 million. During the same period last year, the firm earned $0.29 earnings per share. MDU Resources Group's quarterly revenue was up 5.0% on a year-over-year basis. On average, research analysts expect that MDU Resources Group, Inc. will post 1.13 earnings per share for the current year.

MDU Resources Group Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, October 21st were issued a $12.875 dividend. The ex-dividend date of this dividend was Friday, November 1st. MDU Resources Group's dividend payout ratio (DPR) is 26.67%.

Wall Street Analysts Forecast Growth

MDU has been the subject of a number of recent analyst reports. Siebert Williams Shank upgraded shares of MDU Resources Group from a "hold" rating to a "buy" rating and set a $19.00 price target for the company in a research report on Monday, November 4th. StockNews.com began coverage on MDU Resources Group in a research note on Tuesday, November 5th. They issued a "hold" rating for the company. Finally, Bank of America raised shares of MDU Resources Group from a "neutral" rating to a "buy" rating and cut their price objective for the company from $31.00 to $17.00 in a report on Tuesday, November 5th.

MDU Resources Group Company 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.