Y Intercept Hong Kong Ltd Takes Position in MDU Resources Group, Inc. (NYSE:MDU)

Y Intercept Hong Kong Ltd purchased a new position in MDU Resources Group, Inc. (NYSE:MDU - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 42,369 shares of the utilities provider's stock, valued at approximately $763,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Assenagon Asset Management S.A. bought a new position in shares of MDU Resources Group in the third quarter worth approximately $2,234,000. State of Alaska Department of Revenue lifted its holdings in shares of 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 purchasing an additional 1,605 shares in the last quarter. Catalyst Capital Advisors LLC raised its holdings in shares of 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 purchasing an additional 3,000 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. bought a new position in MDU Resources Group during the third quarter valued at approximately $6,351,000. Finally, Hudson Value Partners LLC grew its position in MDU Resources Group by 3.5% in the 3rd quarter. Hudson Value Partners LLC now owns 212,815 shares of the utilities provider's stock worth $5,833,000 after purchasing an additional 7,292 shares during the period. Hedge funds and other institutional investors own 71.44% of the company's stock.

Insider Buying and Selling at MDU Resources Group

In other MDU Resources Group news, Director Dennis W. Johnson bought 30,000 shares of the company's stock in a transaction on 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 directly owns 180,166 shares of the company's stock, valued at approximately $2,997,962.24. This represents a 19.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company's stock.

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MDU Resources Group Price Performance

Shares of NYSE MDU traded down $0.15 during mid-day trading on Tuesday, hitting $17.04. 1,139,449 shares of the company's stock traded hands, compared to its average volume of 1,955,535. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.07. MDU Resources Group, Inc. has a 1 year low of $14.91 and a 1 year high of $30.52. The company's 50-day moving average is $17.60 and its two-hundred day moving average is $21.49. The company has a market capitalization of $3.48 billion, a P/E ratio of 12.34, a PEG ratio of 2.76 and a beta of 0.81.

MDU Resources Group (NYSE:MDU - Get Free Report) last issued its quarterly earnings data 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 return on equity of 10.20% and a net margin of 7.31%. On average, equities analysts anticipate that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

MDU Resources Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders 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 yield of 3.05%. The ex-dividend date is Thursday, March 13th. MDU Resources Group's dividend payout ratio (DPR) is 37.68%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MDU shares. StockNews.com cut MDU Resources Group from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. Siebert Williams Shank raised MDU Resources Group from a "hold" rating to a "buy" rating and set a $19.00 target price on the stock in a report on Monday, November 4th. 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 target price on the stock. Finally, Bank of America raised shares of MDU Resources Group from a "neutral" rating to a "buy" rating and reduced their price target for the company from $31.00 to $17.00 in a research report on Tuesday, November 5th. One equities 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $21.00.

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.