MDU Resources Group, Inc. (NYSE:MDU) Shares Acquired by Nixon Capital LLC

Nixon Capital LLC lifted its position in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 666,855 shares of the utilities provider's stock after buying an additional 57,897 shares during the quarter. MDU Resources Group makes up 3.9% of Nixon Capital LLC's investment portfolio, making the stock its 12th largest holding. Nixon Capital LLC owned approximately 0.33% of MDU Resources Group worth $12,123,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MDU. Legal & General Group Plc increased its stake in MDU Resources Group by 54.1% during the fourth quarter. Legal & General Group Plc now owns 692,779 shares of the utilities provider's stock worth $12,484,000 after purchasing an additional 243,207 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in MDU Resources Group during the 4th quarter worth approximately $640,000. Riverwater Partners LLC lifted its holdings in MDU Resources Group by 2.3% during the 4th quarter. Riverwater Partners LLC now owns 50,714 shares of the utilities provider's stock worth $914,000 after buying an additional 1,151 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in MDU Resources Group in the 4th quarter valued at approximately $496,000. Finally, Atlas Capital Advisors Inc. grew its stake in shares of MDU Resources Group by 84.4% in the fourth quarter. Atlas Capital Advisors Inc. now owns 2,487 shares of the utilities provider's stock worth $45,000 after acquiring an additional 1,138 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company's stock.

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Analysts Set New Price Targets

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

Insider Activity at MDU Resources Group

In other news, Director Dennis W. Johnson bought 30,000 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average cost of $16.64 per share, with a total value of $499,200.00. Following the transaction, the director now directly owns 180,166 shares in the company, valued at $2,997,962.24. This trade represents a 19.98 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company's stock.

MDU Resources Group Stock Up 2.1 %

NYSE:MDU traded up $0.34 during trading hours on Friday, hitting $16.49. The company's stock had a trading volume of 1,545,767 shares, compared to its average volume of 2,522,080. MDU Resources Group, Inc. has a 52-week low of $12.99 and a 52-week high of $20.39. 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 $3.37 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 2.76 and a beta of 0.68. The stock has a fifty day moving average of $16.72 and a 200-day moving average of $19.60.

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 for the quarter, topping the consensus estimate of $0.31 by $0.03. MDU Resources Group had a return on equity of 10.20% and a net margin of 7.31%. On average, equities analysts forecast that MDU Resources Group, Inc. will post 0.94 earnings per share for the current year.

MDU Resources Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Thursday, March 13th. MDU Resources Group's payout ratio is 37.68%.

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.