Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Mdu Resources Group Inc (NYSE:MDU) by 4.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 479,741 shares of the utilities provider’s stock after buying an additional 21,280 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned 0.24% of Mdu Resources Group worth $12,392,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of MDU. Larson Financial Group LLC acquired a new stake in shares of Mdu Resources Group in the fourth quarter valued at about $25,000. Benjamin F. Edwards & Company Inc. grew its position in shares of Mdu Resources Group by 21.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,797 shares of the utilities provider’s stock valued at $67,000 after purchasing an additional 497 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Mdu Resources Group by 2,284.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,839,065 shares of the utilities provider’s stock valued at $77,000 after purchasing an additional 1,761,923 shares during the last quarter. ETF Managers Group LLC grew its position in shares of Mdu Resources Group by 15.8% in the fourth quarter. ETF Managers Group LLC now owns 4,629 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 630 shares during the last quarter. Finally, Bremer Trust National Association acquired a new stake in shares of Mdu Resources Group in the fourth quarter valued at about $149,000. Institutional investors own 65.20% of the company’s stock.
Shares of NYSE:MDU traded down $0.06 during midday trading on Wednesday, hitting $25.38. The company’s stock had a trading volume of 1,002,400 shares, compared to its average volume of 1,043,371. The company has a market cap of $4.99 billion, a P/E ratio of 18.39, a P/E/G ratio of 2.37 and a beta of 0.67. Mdu Resources Group Inc has a fifty-two week low of $22.73 and a fifty-two week high of $29.62. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.87 and a current ratio of 1.16.
Mdu Resources Group (NYSE:MDU) last issued its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.03). Mdu Resources Group had a net margin of 5.83% and a return on equity of 10.58%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1,000.00 million. During the same period in the prior year, the business posted $0.22 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, equities analysts predict that Mdu Resources Group Inc will post 1.49 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, June 13th will be given a dividend of $0.2025 per share. This represents a $0.81 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Wednesday, June 12th. Mdu Resources Group’s dividend payout ratio (DPR) is presently 58.70%.
MDU has been the topic of several research analyst reports. Williams Capital reaffirmed a “buy” rating on shares of Mdu Resources Group in a research report on Monday, March 18th. Zacks Investment Research raised Mdu Resources Group from a “sell” rating to a “hold” rating in a research report on Monday.
In other news, Director David M. Sparby bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average cost of $25.75 per share, with a total value of $77,250.00. Following the completion of the transaction, the director now directly owns 4,726 shares in the company, valued at $121,694.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David M. Sparby bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were purchased at an average cost of $25.20 per share, for a total transaction of $63,000.00. Following the completion of the transaction, the director now owns 7,908 shares of the company’s stock, valued at $199,281.60. The disclosure for this purchase can be found here. 1.05% of the stock is owned by company insiders.
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About Mdu Resources Group
MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. It operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming.
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