State Street Corp Has $174.71 Million Stock Position in MDU Resources Group, Inc. (NYSE:MDU)

State Street Corp lifted its stake in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,344,185 shares of the utilities provider's stock after purchasing an additional 114,719 shares during the quarter. State Street Corp owned about 3.11% of MDU Resources Group worth $174,713,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new position in MDU Resources Group during the third quarter worth $25,000. Atlas Capital Advisors LLC acquired a new stake in MDU Resources Group during the 2nd quarter worth approximately $27,000. Venturi Wealth Management LLC raised its holdings in 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 valued at $33,000 after buying an additional 734 shares during the period. Capital Performance Advisors LLP purchased a new stake in MDU Resources Group during the third quarter worth approximately $40,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of MDU Resources Group by 23.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,142 shares of the utilities provider's stock worth $54,000 after acquiring an additional 413 shares in the last quarter. Hedge funds and other institutional investors own 71.44% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on MDU shares. Bank of America raised 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 research report on Tuesday, November 5th. StockNews.com assumed coverage on shares of MDU Resources Group in a research note on Tuesday. They set a "hold" rating on the stock. Finally, Siebert Williams Shank raised 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 research report on Monday, November 4th.

MDU Resources Group Stock Up 0.1 %

NYSE MDU traded up $0.01 on Friday, hitting $18.80. 338,318 shares of the stock traded hands, compared to its average volume of 1,616,533. The stock has a 50-day moving average of $22.71 and a 200 day moving average of $24.56. MDU Resources Group, Inc. has a twelve month low of $14.91 and a twelve month high of $30.52. The company has a market capitalization of $3.83 billion, a P/E ratio of 9.65, a price-to-earnings-growth ratio of 2.46 and a beta of 0.79. 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 issued its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $969.17 million. MDU Resources Group had a return on equity of 11.24% and a net margin of 8.92%. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. As a group, analysts expect that MDU Resources Group, Inc. will post 1.13 earnings per share for the current fiscal year.

MDU Resources Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Thursday, December 12th will be issued a $0.13 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.52 annualized dividend and a dividend yield of 2.77%. MDU Resources Group's dividend payout ratio is currently 26.67%.

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.