MDU Resources Group, Inc. (NYSE:MDU) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 42.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,870 shares of the utilities provider's stock after purchasing an additional 26,896 shares during the period. Teacher Retirement System of Texas' holdings in MDU Resources Group were worth $1,637,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MDU. Principal Securities Inc. lifted its position in MDU Resources Group by 164.4% during the fourth quarter. Principal Securities Inc. now owns 1,470 shares of the utilities provider's stock worth $26,000 after buying an additional 914 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in MDU Resources Group by 99.6% in the 4th quarter. V Square Quantitative Management LLC now owns 1,834 shares of the utilities provider's stock valued at $33,000 after buying an additional 915 shares in the last quarter. Crews Bank & Trust acquired a new stake in shares of MDU Resources Group in the 4th quarter worth $39,000. Blue Trust Inc. raised its holdings in shares of MDU Resources Group by 19.4% during the 4th quarter. Blue Trust Inc. now owns 3,505 shares of the utilities provider's stock worth $63,000 after acquiring an additional 570 shares during the period. Finally, Millburn Ridgefield Corp acquired a new position in shares of MDU Resources Group during the 3rd quarter valued at about $82,000. 71.44% of the stock is currently owned by hedge funds and other institutional investors.

MDU Resources Group Trading Up 1.4 %

NYSE MDU traded up $0.24 during trading hours on Monday, reaching $16.89. The company had a trading volume of 2,427,101 shares, compared to its average volume of 2,534,748. 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 has a market capitalization of $3.45 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 2.76 and a beta of 0.81. The stock has a 50-day moving average of $17.08 and a 200 day moving average of $20.33. MDU Resources Group, Inc. has a 1-year low of $12.99 and a 1-year high of $20.39.

Remove Ads

MDU Resources Group (NYSE:MDU - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.34 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, research analysts anticipate that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.52 annualized dividend and a dividend yield of 3.08%. MDU Resources Group's dividend payout ratio is currently 37.68%.

Insider Activity

In other MDU Resources Group news, Director Dennis W. Johnson acquired 30,000 shares of the stock in a transaction dated Monday, February 10th. The stock was acquired at an average price of $16.64 per share, with a total value of $499,200.00. Following the completion of the purchase, the director now owns 180,166 shares in the company, valued at $2,997,962.24. This trade represents a 19.98 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on MDU. StockNews.com cut shares of MDU Resources Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Jefferies Financial Group assumed coverage on shares of MDU Resources Group in a research report on Wednesday, January 8th. They set a "hold" rating and a $18.00 price target on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, MDU Resources Group has a consensus rating of "Hold" and an average target price of $21.00.

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.