Stanley Laman Group Ltd. reduced its position in shares of MDU Resources Group Inc (NYSE:MDU) by 2.9% during the 4th quarter, HoldingsChannel reports. The fund owned 184,495 shares of the utilities provider’s stock after selling 5,471 shares during the quarter. MDU Resources Group makes up about 1.1% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 26th biggest position. Stanley Laman Group Ltd.’s holdings in MDU Resources Group were worth $4,959,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. acquired a new stake in MDU Resources Group in the fourth quarter worth $118,000. Sei Investments Co. increased its position in MDU Resources Group by 47.4% in the third quarter. Sei Investments Co. now owns 7,509 shares of the utilities provider’s stock worth $195,000 after buying an additional 2,414 shares during the period. Eqis Capital Management Inc. acquired a new stake in MDU Resources Group in the third quarter worth $203,000. Wedbush Securities Inc. acquired a new stake in MDU Resources Group in the fourth quarter worth $213,000. Finally, Griffin Asset Management Inc. acquired a new stake in MDU Resources Group in the second quarter worth $215,000. 62.51% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have weighed in on MDU. Zacks Investment Research raised MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, February 13th. Williams Capital dropped their target price on MDU Resources Group from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $29.50 target price on shares of MDU Resources Group in a research report on Friday, December 15th.
Shares of MDU Resources Group Inc (MDU) opened at $27.55 on Monday. MDU Resources Group Inc has a 52-week low of $24.29 and a 52-week high of $28.22. The company has a quick ratio of 1.01, a current ratio of 1.28 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $5,380.64, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 2.39 and a beta of 0.81.
MDU Resources Group (NYSE:MDU) last issued its earnings results on Wednesday, February 7th. The utilities provider reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.07. The firm had revenue of $1.17 billion for the quarter. MDU Resources Group had a return on equity of 10.59% and a net margin of 6.33%. MDU Resources Group’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 earnings per share. equities analysts anticipate that MDU Resources Group Inc will post 1.38 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Thursday, March 8th will be issued a dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Wednesday, March 7th. MDU Resources Group’s dividend payout ratio (DPR) is 54.86%.
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About MDU Resources Group
MDU Resources Group, Inc is engaged in regulated energy delivery and construction materials and services business. The Company’s businesses segments are electric, natural gas distribution, pipeline and midstream, construction materials and contracting, and construction services. The electric segment generates, transmits and distributes electricity.
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