Private Advisor Group LLC Makes New Investment in MDU Resources Group, Inc. (NYSE:MDU)

Private Advisor Group LLC acquired a new position in shares of MDU Resources Group, Inc. (NYSE:MDU) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 17,229 shares of the utilities provider’s stock, valued at approximately $525,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. WealthPLAN Partners LLC purchased a new position in shares of MDU Resources Group in the 1st quarter valued at $25,000. Parallel Advisors LLC increased its holdings in shares of MDU Resources Group by 163.5% in the 1st quarter. Parallel Advisors LLC now owns 909 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 564 shares during the period. Money Concepts Capital Corp purchased a new position in shares of MDU Resources Group in the 4th quarter valued at $33,000. Signaturefd LLC increased its holdings in shares of MDU Resources Group by 67.5% in the 1st quarter. Signaturefd LLC now owns 1,134 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 457 shares during the period. Finally, Stonebridge Capital Advisors LLC increased its holdings in shares of MDU Resources Group by 71.0% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 1,325 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 550 shares during the period. 71.24% of the stock is currently owned by hedge funds and other institutional investors.

MDU Resources Group Stock Up 0.6 %

MDU Resources Group stock opened at $20.48 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.37 and a quick ratio of 1.31. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 2.57 and a beta of 0.76. MDU Resources Group, Inc. has a 1-year low of $18.47 and a 1-year high of $22.55. The business has a fifty day moving average price of $21.12 and a 200-day moving average price of $25.74.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.29 earnings per share for the quarter. The firm had revenue of $1.09 billion during the quarter. MDU Resources Group had a return on equity of 11.50% and a net margin of 6.51%. Equities research analysts forecast that MDU Resources Group, Inc. will post 1.36 EPS for the current fiscal year.

MDU Resources Group Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Thursday, September 14th will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, September 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.44%. MDU Resources Group’s dividend payout ratio is currently 41.78%.

Analyst Ratings Changes

MDU has been the topic of a number of analyst reports. StockNews.com assumed coverage on MDU Resources Group in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Bank of America raised MDU Resources Group from an “underperform” rating to a “buy” rating in a research report on Thursday, June 1st.

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 five segments: Electric, Natural Gas Distribution, Pipeline, Construction Materials and Contracting, 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 84 transmission and 294 distribution substations.