Keeley Teton Advisors LLC Raises Stock Position in MDU Resources Group, Inc. (NYSE:MDU)

Keeley Teton Advisors LLC lifted its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 215.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 420,741 shares of the utilities provider's stock after purchasing an additional 287,262 shares during the quarter. MDU Resources Group accounts for 0.9% of Keeley Teton Advisors LLC's holdings, making the stock its 20th largest position. Keeley Teton Advisors LLC owned 0.21% of MDU Resources Group worth $7,582,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Securities Inc. increased its stake in MDU Resources Group by 164.4% during the 4th quarter. Principal Securities Inc. now owns 1,470 shares of the utilities provider's stock worth $26,000 after acquiring an additional 914 shares during the period. V Square Quantitative Management LLC raised its stake in MDU Resources Group by 99.6% in the fourth quarter. V Square Quantitative Management LLC now owns 1,834 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 915 shares in the last quarter. Crews Bank & Trust acquired a new stake in MDU Resources Group during the fourth quarter worth about $39,000. Atlas Capital Advisors Inc. increased its holdings in MDU Resources Group by 84.4% in the 4th quarter. Atlas Capital Advisors Inc. now owns 2,487 shares of the utilities provider's stock valued at $45,000 after buying an additional 1,138 shares during the period. Finally, Blue Trust Inc. raised its position in shares of MDU Resources Group by 19.4% in the 4th quarter. Blue Trust Inc. now owns 3,505 shares of the utilities provider's stock valued at $63,000 after buying an additional 570 shares in the last quarter. 71.44% of the stock is currently owned by institutional investors and hedge funds.

MDU Resources Group Stock Up 0.1 %

MDU Resources Group stock traded up $0.03 during midday trading on Friday, reaching $16.78. The stock had a trading volume of 967,855 shares, compared to its average volume of 2,510,962. 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, Inc. has a 12 month low of $13.09 and a 12 month high of $20.39. The company has a fifty day moving average price of $16.70 and a two-hundred day moving average price of $19.28. The company has a market capitalization of $3.43 billion, a P/E ratio of 12.16, a PEG ratio of 2.76 and a beta of 0.68.

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 analysts' consensus estimates of $0.31 by $0.03. MDU Resources Group had a return on equity of 10.20% and a net margin of 7.31%. As a group, equities analysts expect that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

MDU Resources Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 13th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.52 annualized dividend and a yield of 3.10%. MDU Resources Group's dividend payout ratio (DPR) is currently 37.68%.

Insider Activity at MDU Resources Group

In other news, Director Dennis W. Johnson purchased 30,000 shares of the company's stock in a transaction dated Monday, February 10th. The shares were purchased at an average price of $16.64 per share, with a total value of $499,200.00. Following the transaction, the director now directly owns 180,166 shares of the company's stock, valued at approximately $2,997,962.24. This represents a 19.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.94% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MDU. Jefferies Financial Group initiated coverage on shares of MDU Resources Group in a report on Wednesday, January 8th. They issued a "hold" rating and a $18.00 target price for the company. StockNews.com lowered shares of MDU Resources Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, MDU Resources Group currently has a consensus rating of "Hold" and a consensus target price of $21.00.

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.