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Two Sigma Advisers LP Sells 122,700 Shares of MDU Resources Group, Inc. (NYSE:MDU)

MDU Resources Group logo with Utilities background

Two Sigma Advisers LP decreased its position in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 14.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 745,400 shares of the utilities provider's stock after selling 122,700 shares during the period. Two Sigma Advisers LP owned approximately 0.37% of MDU Resources Group worth $20,431,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. bought a new position in shares of MDU Resources Group during the 3rd quarter valued at about $2,234,000. SG Americas Securities LLC bought a new position in MDU Resources Group during the second quarter valued at approximately $2,198,000. Foundry Partners LLC purchased a new position in shares of MDU Resources Group during the third quarter worth approximately $4,594,000. Resolute Capital Asset Partners LLC bought a new stake in shares of MDU Resources Group in the 2nd quarter worth approximately $2,008,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of MDU Resources Group by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,082,468 shares of the utilities provider's stock valued at $57,080,000 after purchasing an additional 101,955 shares in the last quarter. Institutional investors own 71.44% of the company's stock.

MDU Resources Group Trading Down 2.0 %

MDU Resources Group stock traded down $0.38 during trading hours on Monday, reaching $19.09. The stock had a trading volume of 1,502,787 shares, compared to its average volume of 1,619,359. The company has a fifty day simple moving average of $23.36 and a 200-day simple moving average of $24.72. MDU Resources Group, Inc. has a 52 week low of $14.91 and a 52 week high of $30.52. The stock has a market cap of $3.89 billion, a PE ratio of 9.98, a PEG ratio of 2.52 and a beta of 0.79. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.07.

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

MDU Resources Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Thursday, December 12th will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.72%. MDU Resources Group's dividend payout ratio is presently 26.67%.

Wall Street Analyst Weigh In

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

View Our Latest Analysis on MDU Resources Group

About MDU Resources Group

(Free Report)

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.

See Also

Institutional Ownership by Quarter for MDU Resources Group (NYSE:MDU)

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