MDU Resources Group, Inc. (NYSE:MDU) Stake Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 5.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,082,468 shares of the utilities provider's stock after acquiring an additional 101,955 shares during the period. Charles Schwab Investment Management Inc. owned 1.02% of MDU Resources Group worth $57,080,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in shares of MDU Resources Group in the third quarter worth approximately $25,000. Atlas Capital Advisors LLC acquired a new position in shares of MDU Resources Group in the 2nd quarter valued at $27,000. Venturi Wealth Management LLC grew its stake in shares of MDU Resources Group by 158.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,196 shares of the utilities provider's stock valued at $33,000 after buying an additional 734 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of MDU Resources Group during the 3rd quarter worth $40,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of 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 during the period. Hedge funds and other institutional investors own 71.44% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on MDU. Bank of America raised MDU Resources Group from a "neutral" rating to a "buy" rating and lowered their price target for the company from $31.00 to $17.00 in a research report on Tuesday, November 5th. StockNews.com began coverage on shares of MDU Resources Group in a research report on Tuesday, November 5th. They set a "hold" rating for the company. Finally, Siebert Williams Shank raised 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 research report on Monday, November 4th.

MDU Resources Group Stock Down 0.0 %

Shares of NYSE MDU traded down $0.01 on Friday, hitting $20.04. The company had a trading volume of 1,292,194 shares, compared to its average volume of 3,114,655. 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, Inc. has a 12-month low of $14.91 and a 12-month high of $30.52. The firm has a market capitalization of $4.09 billion, a P/E ratio of 10.28, a PEG ratio of 2.59 and a beta of 0.76. The business has a 50 day moving average of $24.15 and a two-hundred day moving average of $24.93.

MDU Resources Group (NYSE:MDU - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $969.17 million. MDU Resources Group had a net margin of 8.92% and a return on equity of 11.24%. The business's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 earnings per share. As a group, equities research analysts forecast that MDU Resources Group, Inc. will post 1.13 earnings per share for the current fiscal year.

MDU Resources Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Thursday, December 12th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Thursday, December 12th. MDU Resources Group's dividend payout ratio is currently 26.67%.

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.