MDU Resources Group, Inc. (NYSE:MDU) Shares Bought by Sei Investments Co.

Sei Investments Co. raised its position in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 26.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 119,398 shares of the utilities provider's stock after acquiring an additional 24,733 shares during the period. Sei Investments Co. owned approximately 0.06% of MDU Resources Group worth $2,152,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Friedenthal Financial purchased a new position in MDU Resources Group during the fourth quarter worth about $778,000. Assenagon Asset Management S.A. raised its stake in shares of MDU Resources Group by 42.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 115,907 shares of the utilities provider's stock worth $2,089,000 after buying an additional 34,409 shares in the last quarter. Cascade Investment Advisors Inc. lifted its holdings in shares of MDU Resources Group by 21.3% in the 4th quarter. Cascade Investment Advisors Inc. now owns 81,626 shares of the utilities provider's stock valued at $1,471,000 after buying an additional 14,360 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of MDU Resources Group by 32.3% in the third quarter. JPMorgan Chase & Co. now owns 855,493 shares of the utilities provider's stock valued at $23,449,000 after buying an additional 209,042 shares in the last quarter. Finally, Advisors Preferred LLC acquired a new stake in shares of MDU Resources Group in the fourth quarter valued at about $5,691,000. Hedge funds and other institutional investors own 71.44% of the company's stock.

MDU Resources Group Trading Down 0.8 %

MDU traded down $0.14 during midday trading on Thursday, hitting $16.15. The company's stock had a trading volume of 1,655,094 shares, compared to its average volume of 2,523,882. MDU Resources Group, Inc. has a 52-week low of $12.99 and a 52-week high of $20.39. The firm has a 50-day moving average price of $16.74 and a two-hundred day moving average price of $19.67. 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 firm has a market cap of $3.30 billion, a P/E ratio of 11.70, a PEG ratio of 2.76 and a beta of 0.68.

Remove Ads

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 (EPS) for the quarter, beating analysts' consensus estimates 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 anticipate that MDU Resources Group, Inc. will post 0.94 earnings per share for the current year.

MDU Resources Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 13th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Thursday, March 13th. MDU Resources Group's dividend payout ratio (DPR) is currently 37.68%.

Insider Activity at MDU Resources Group

In other news, Director Dennis W. Johnson acquired 30,000 shares of the business's stock in a transaction dated Monday, February 10th. The shares were bought at an average cost of $16.64 per share, for a total transaction of $499,200.00. Following the acquisition, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group began 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 for the company. StockNews.com downgraded shares of MDU Resources Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average 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.