MDU Resources Group, Inc. (NYSE:MDU) Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its stake in MDU Resources Group, Inc. (NYSE:MDUFree Report) by 129.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,977 shares of the utilities provider’s stock after acquiring an additional 5,062 shares during the period. Jones Financial Companies Lllp’s holdings in MDU Resources Group were worth $178,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MDU. TFO Wealth Partners LLC raised its holdings in shares of MDU Resources Group by 16,070.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,617 shares of the utilities provider’s stock valued at $32,000 after buying an additional 1,607 shares during the last quarter. Planned Solutions Inc. bought a new stake in shares of MDU Resources Group during the fourth quarter valued at approximately $66,000. Tompkins Financial Corp raised its holdings in shares of MDU Resources Group by 89.7% during the fourth quarter. Tompkins Financial Corp now owns 3,604 shares of the utilities provider’s stock valued at $71,000 after buying an additional 1,704 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of MDU Resources Group during the fourth quarter valued at approximately $178,000. Finally, Neo Ivy Capital Management bought a new stake in shares of MDU Resources Group during the third quarter valued at approximately $182,000. 71.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MDU Resources Group

In related news, insider Rob L. Johnson purchased 36,291 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were bought at an average price of $25.46 per share, with a total value of $923,968.86. Following the completion of the acquisition, the insider now owns 41,934 shares of the company’s stock, valued at $1,067,639.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

MDU Resources Group Price Performance

Shares of NYSE:MDU opened at $24.46 on Thursday. MDU Resources Group, Inc. has a 12 month low of $18.04 and a 12 month high of $25.99. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 2.61 and a beta of 0.77. The stock’s 50 day moving average price is $24.93 and its 200 day moving average price is $21.94. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.43 and a quick ratio of 1.37.

MDU Resources Group (NYSE:MDUGet Free Report) last announced its earnings results on Thursday, May 2nd. The utilities provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.47 by $0.05. MDU Resources Group had a return on equity of 11.42% and a net margin of 10.74%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the company earned $0.23 earnings per share. The firm’s quarterly revenue was down 15.1% compared to the same quarter last year. Equities research analysts anticipate that MDU Resources Group, Inc. will post 1.55 earnings per share for the current fiscal year.

MDU Resources Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, June 13th will be issued a $0.125 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.04%. MDU Resources Group’s dividend payout ratio is currently 21.37%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Argus raised MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Monday, May 20th. StockNews.com raised MDU Resources Group from a “hold” rating to a “buy” rating in a report on Monday, May 27th.

View Our Latest Research Report on MDU Resources Group

About MDU Resources Group

(Free Report)

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.

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

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