MDU Resources Group, Inc. (NYSE:MDU) Shares Bought by Pertento Partners LLP

Pertento Partners LLP grew its stake in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 90.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,990,144 shares of the utilities provider's stock after purchasing an additional 1,419,118 shares during the quarter. MDU Resources Group accounts for 4.6% of Pertento Partners LLP's investment portfolio, making the stock its 7th biggest position. Pertento Partners LLP owned 1.47% of MDU Resources Group worth $53,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Quest Partners LLC acquired a new stake in MDU Resources Group during the 3rd quarter valued at $83,000. Charles Schwab Investment Management Inc. grew its stake in shares of MDU Resources Group by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,082,468 shares of the utilities provider's stock valued at $57,080,000 after acquiring an additional 101,955 shares in the last quarter. Citigroup Inc. increased its position in shares of MDU Resources Group by 464.9% during the third quarter. Citigroup Inc. now owns 149,060 shares of the utilities provider's stock worth $4,086,000 after acquiring an additional 122,671 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of MDU Resources Group by 5.9% in the third quarter. Cerity Partners LLC now owns 57,472 shares of the utilities provider's stock worth $1,575,000 after acquiring an additional 3,177 shares in the last quarter. Finally, Glenmede Trust Co. NA purchased a new position in MDU Resources Group in the third quarter valued at about $291,000. Hedge funds and other institutional investors own 71.44% of the company's stock.

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Insider Transactions at MDU Resources Group

In other news, Director Dennis W. Johnson purchased 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, for a total transaction of $499,200.00. Following the completion of the transaction, the director now owns 180,166 shares of the company's stock, valued at approximately $2,997,962.24. The trade was a 19.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

MDU Resources Group Stock Performance

Shares of NYSE MDU traded up $0.04 during trading on Wednesday, reaching $16.97. The stock had a trading volume of 851,431 shares, compared to its average volume of 1,935,398. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.07 and a current ratio of 1.15. The stock has a market cap of $3.47 billion, a PE ratio of 12.30, a P/E/G ratio of 2.76 and a beta of 0.81. MDU Resources Group, Inc. has a one year low of $14.91 and a one year high of $30.52. The firm's 50 day moving average price is $17.05 and its two-hundred day moving average price is $20.26.

MDU Resources Group (NYSE:MDU - Get Free Report) last released its earnings results on Thursday, February 6th. The utilities provider reported $0.34 earnings per share for the quarter, beating 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%. On average, research analysts forecast that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal 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 dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Thursday, March 13th. MDU Resources Group's dividend payout ratio (DPR) is presently 37.68%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. StockNews.com lowered 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 report on Wednesday, January 8th. They issued a "hold" rating and a $18.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $21.00.

About MDU Resources Group

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.