MDU Resources Group, Inc. (NYSE:MDU) Shares Purchased by US Bancorp DE

US Bancorp DE lifted its position in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 3.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,730,962 shares of the utilities provider's stock after purchasing an additional 57,265 shares during the period. US Bancorp DE owned about 0.85% of MDU Resources Group worth $31,192,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MDU. State of Alaska Department of Revenue lifted its position in MDU Resources Group by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 23,585 shares of the utilities provider's stock valued at $646,000 after buying an additional 1,605 shares during the period. Catalyst Capital Advisors LLC lifted its position in MDU Resources Group by 3.5% during the third quarter. Catalyst Capital Advisors LLC now owns 89,010 shares of the utilities provider's stock valued at $2,440,000 after buying an additional 3,000 shares during the period. Beacon Harbor Wealth Advisors Inc. purchased a new position in MDU Resources Group during the third quarter valued at $6,351,000. Hudson Value Partners LLC lifted its position in MDU Resources Group by 3.5% during the third quarter. Hudson Value Partners LLC now owns 212,815 shares of the utilities provider's stock valued at $5,833,000 after buying an additional 7,292 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in MDU Resources Group during the third quarter valued at $40,000. Hedge funds and other institutional investors own 71.44% of the company's stock.

Analysts Set New Price Targets

MDU has been the subject of several recent analyst reports. Jefferies Financial Group initiated coverage on MDU Resources Group in a research report on Wednesday, January 8th. They issued a "hold" rating and a $18.00 price target for the company. StockNews.com lowered MDU Resources Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $21.00.

Remove Ads

MDU Resources Group Trading Down 2.3 %

Shares of NYSE MDU traded down $0.39 during trading hours on Thursday, hitting $16.58. 396,512 shares of the company traded hands, compared to its average volume of 1,934,042. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 2.76 and a beta of 0.81. 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 company's 50 day moving average price is $17.54 and its 200 day moving average price is $21.41. MDU Resources Group, Inc. has a 12 month low of $14.91 and a 12 month high of $30.52.

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

MDU Resources Group Announces Dividend

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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Thursday, March 13th. MDU Resources Group's payout ratio is 37.68%.

Insider Transactions at MDU Resources Group

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

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.