Deutsche Bank AG Has $1.25 Million Stake in MDU Resources Group, Inc. (NYSE:MDU)

Deutsche Bank AG lifted its position in MDU Resources Group, Inc. (NYSE:MDU) by 115.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 69,603 shares of the utilities provider’s stock after buying an additional 37,355 shares during the quarter. Deutsche Bank AG’s holdings in MDU Resources Group were worth $1,254,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in MDU. Principal Securities Inc. increased its holdings in shares of MDU Resources Group by 164.4% during the 4th quarter. Principal Securities Inc. now owns 1,470 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 914 shares during the last quarter. V Square Quantitative Management LLC boosted its position in MDU Resources Group by 99.6% during the fourth quarter. V Square Quantitative Management LLC now owns 1,834 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 915 shares during the period. Crews Bank & Trust bought a new stake in MDU Resources Group during the fourth quarter worth approximately $39,000. Atlas Capital Advisors Inc. raised its position in shares of MDU Resources Group by 84.4% in the fourth quarter. Atlas Capital Advisors Inc. now owns 2,487 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 1,138 shares during the period. Finally, Johnson Financial Group Inc. acquired a new stake in shares of MDU Resources Group in the fourth quarter worth $54,000. Institutional investors and hedge funds own 71.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised MDU Resources Group from a “sell” rating to a “hold” rating in a report on Monday, May 12th.

MDU Resources Group Stock Up 1.0%

NYSE MDU opened at $17.06 on Monday. The stock has a market capitalization of $3.48 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 2.76 and a beta of 0.72. MDU Resources Group, Inc. has a 52 week low of $13.23 and a 52 week high of $20.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.07 and a current ratio of 1.15. The stock has a fifty day moving average of $16.87 and a 200-day moving average of $17.59.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. MDU Resources Group had a return on equity of 10.20% and a net margin of 7.31%. The business had revenue of $674.80 million during the quarter, compared to analysts’ expectations of $653.13 million. During the same period in the previous year, the firm earned $0.52 earnings per share. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, equities research analysts forecast that MDU Resources Group, Inc. will post 0.94 EPS for the current year.

MDU Resources Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Thursday, June 12th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.05%. MDU Resources Group’s payout ratio is 40.31%.

About MDU Resources Group

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.