WINTON GROUP Ltd Buys 33,213 Shares of MDU Resources Group, Inc. (NYSE:MDU)

WINTON GROUP Ltd grew its position in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 133.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,059 shares of the utilities provider's stock after acquiring an additional 33,213 shares during the quarter. WINTON GROUP Ltd's holdings in MDU Resources Group were worth $1,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of MDU. Principal Securities Inc. boosted its stake in MDU Resources Group by 164.4% during the fourth quarter. Principal Securities Inc. now owns 1,470 shares of the utilities provider's stock worth $26,000 after buying an additional 914 shares during the period. V Square Quantitative Management LLC raised its holdings in shares of MDU Resources Group by 99.6% in the fourth quarter. V Square Quantitative Management LLC now owns 1,834 shares of the utilities provider's stock worth $33,000 after buying an additional 915 shares during the period. Crews Bank & Trust bought a new stake in MDU Resources Group during the 4th quarter valued at about $39,000. Blue Trust Inc. boosted its holdings in shares of MDU Resources Group by 19.4% in the fourth quarter. Blue Trust Inc. now owns 3,505 shares of the utilities provider's stock valued at $63,000 after purchasing an additional 570 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new position in MDU Resources Group during the 4th quarter valued at about $77,000. 71.44% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

MDU Resources Group Price Performance

NYSE MDU traded up $0.05 during mid-day trading on Wednesday, hitting $16.98. The stock had a trading volume of 506,073 shares, compared to its average volume of 1,930,308. The company has a 50 day simple moving average of $17.05 and a 200 day simple moving average of $20.26. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.73. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 2.76 and a beta of 0.81. MDU Resources Group, Inc. has a 52-week low of $14.91 and a 52-week high of $30.52.

MDU Resources Group (NYSE:MDU - Get Free Report) last announced its earnings results 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%. Equities analysts forecast that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal 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 issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.52 annualized dividend and a yield of 3.06%. MDU Resources Group's payout ratio is 37.68%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at MDU Resources Group

In other MDU Resources Group news, Director Dennis W. Johnson purchased 30,000 shares of the business's stock in a transaction dated Monday, February 10th. The shares were acquired at an average price of $16.64 per share, for a total transaction of $499,200.00. Following the acquisition, the director now owns 180,166 shares of the company's stock, valued at $2,997,962.24. This trade represents a 19.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

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.