MDU Resources Group, Inc. (NYSE:MDU) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its position in shares of MDU Resources Group, Inc. (NYSE:MDU) by 5,682.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,165 shares of the utilities provider’s stock after buying an additional 30,626 shares during the quarter. GAMMA Investing LLC’s holdings in MDU Resources Group were worth $527,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in MDU Resources Group by 16.6% during the 4th quarter. Vanguard Group Inc. now owns 22,997,452 shares of the utilities provider’s stock worth $414,414,000 after buying an additional 3,276,114 shares during the last quarter. Dimensional Fund Advisors LP raised its position in MDU Resources Group by 6.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,186,994 shares of the utilities provider’s stock worth $147,530,000 after buying an additional 467,355 shares during the last quarter. First Trust Advisors LP raised its position in MDU Resources Group by 132.0% during the 4th quarter. First Trust Advisors LP now owns 6,999,856 shares of the utilities provider’s stock worth $126,137,000 after buying an additional 3,982,783 shares during the last quarter. Pertento Partners LLP raised its position in MDU Resources Group by 90.3% during the 4th quarter. Pertento Partners LLP now owns 2,990,144 shares of the utilities provider’s stock worth $53,882,000 after buying an additional 1,419,118 shares during the last quarter. Finally, Norges Bank purchased a new position in MDU Resources Group during the 4th quarter worth $40,857,000. Hedge funds and other institutional investors own 71.44% of the company’s stock.

MDU Resources Group Stock Performance

Shares of MDU opened at $16.14 on Thursday. The company has a 50-day simple moving average of $16.95 and a 200-day simple moving average of $17.33. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $3.30 billion, a PE ratio of 12.51, a P/E/G ratio of 2.65 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.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $674.80 million during the quarter, compared to the consensus estimate of $653.13 million. MDU Resources Group had a net margin of 7.93% and a return on equity of 9.86%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 EPS. Equities research analysts predict that MDU Resources Group, Inc. will post 0.94 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 Tuesday, July 1st. Stockholders of record on Thursday, June 12th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.22%. MDU Resources Group’s dividend payout ratio is presently 40.31%.

Analyst Ratings Changes

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

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 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.