GHP Investment Advisors Inc. Purchases 3,282 Shares of MDU Resources Group Inc (NYSE:MDU)

GHP Investment Advisors Inc. increased its stake in shares of MDU Resources Group Inc (NYSE:MDU) by 12.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,929 shares of the utilities provider’s stock after acquiring an additional 3,282 shares during the quarter. GHP Investment Advisors Inc.’s holdings in MDU Resources Group were worth $778,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. California State Teachers Retirement System raised its stake in MDU Resources Group by 0.6% during the fourth quarter. California State Teachers Retirement System now owns 333,178 shares of the utilities provider’s stock valued at $8,956,000 after purchasing an additional 1,955 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of MDU Resources Group by 6.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 34,558 shares of the utilities provider’s stock valued at $929,000 after acquiring an additional 2,047 shares during the period. Moors & Cabot Inc. raised its stake in shares of MDU Resources Group by 7.5% in the third quarter. Moors & Cabot Inc. now owns 29,921 shares of the utilities provider’s stock valued at $775,000 after acquiring an additional 2,100 shares during the period. California Public Employees Retirement System raised its stake in shares of MDU Resources Group by 0.4% in the fourth quarter. California Public Employees Retirement System now owns 523,390 shares of the utilities provider’s stock valued at $14,069,000 after acquiring an additional 2,110 shares during the period. Finally, Ameritas Investment Partners Inc. raised its stake in shares of MDU Resources Group by 2.8% in the third quarter. Ameritas Investment Partners Inc. now owns 80,090 shares of the utilities provider’s stock valued at $2,141,000 after acquiring an additional 2,145 shares during the period. 64.03% of the stock is currently owned by institutional investors.

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NYSE:MDU opened at $27.94 on Friday. The stock has a market capitalization of $5,464.62, a PE ratio of 22.35, a PEG ratio of 2.43 and a beta of 0.69. The company has a current ratio of 1.32, a quick ratio of 1.04 and a debt-to-equity ratio of 0.64. MDU Resources Group Inc has a fifty-two week low of $24.29 and a fifty-two week high of $28.54.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.07. The firm had revenue of $1.17 billion during the quarter. MDU Resources Group had a net margin of 6.33% and a return on equity of 10.46%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 earnings per share. equities research analysts forecast that MDU Resources Group Inc will post 1.38 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Sunday, April 1st. Shareholders of record on Thursday, March 8th were given a dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Wednesday, March 7th. MDU Resources Group’s dividend payout ratio is presently 63.20%.

Several brokerages have recently weighed in on MDU. Zacks Investment Research raised shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Tuesday, February 13th. KeyCorp reaffirmed a “buy” rating and issued a $29.50 price target on shares of MDU Resources Group in a research note on Friday, December 15th. ValuEngine upgraded shares of MDU Resources Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Williams Capital dropped their target price on shares of MDU Resources Group from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $29.17.

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MDU Resources Group Company Profile

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.

Institutional Ownership by Quarter for MDU Resources Group (NYSE:MDU)

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