Moors & Cabot Inc. Has $774,000 Position in MDU Resources Group, Inc. (NYSE:MDU)

Moors & Cabot Inc. grew its holdings in MDU Resources Group, Inc. (NYSE:MDU) by 5.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,759 shares of the utilities provider’s stock after buying an additional 2,397 shares during the quarter. Moors & Cabot Inc.’s holdings in MDU Resources Group were worth $774,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in MDU. Sei Investments Co. raised its stake in shares of MDU Resources Group by 26.1% in the 4th quarter. Sei Investments Co. now owns 119,398 shares of the utilities provider’s stock valued at $2,152,000 after buying an additional 24,733 shares in the last quarter. LPL Financial LLC raised its stake in MDU Resources Group by 12.0% during the fourth quarter. LPL Financial LLC now owns 154,670 shares of the utilities provider’s stock worth $2,787,000 after acquiring an additional 16,547 shares in the last quarter. Norges Bank acquired a new position in MDU Resources Group during the fourth quarter worth $40,857,000. Pictet Asset Management Holding SA raised its stake in MDU Resources Group by 57.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 42,480 shares of the utilities provider’s stock worth $765,000 after acquiring an additional 15,538 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in MDU Resources Group by 8.5% during the fourth quarter. California Public Employees Retirement System now owns 402,451 shares of the utilities provider’s stock worth $7,252,000 after acquiring an additional 31,436 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

MDU Resources Group Trading Down 0.9%

MDU stock opened at $17.10 on Monday. The business has a fifty day moving average price of $16.75 and a 200 day moving average price of $16.92. MDU Resources Group, Inc. has a fifty-two week low of $14.91 and a fifty-two week high of $30.52. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 2.59 and a beta of 0.73. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.85 and a quick ratio of 0.82.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. MDU Resources Group had a return on equity of 9.86% and a net margin of 7.93%. The firm had revenue of $674.80 million during the quarter, compared to analysts’ expectations of $653.13 million. During the same period last year, the firm posted $0.52 EPS. The business’s revenue was up 14.7% on a year-over-year basis. Analysts expect that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

MDU Resources Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Thursday, June 12th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.0%. MDU Resources Group’s dividend payout ratio is currently 40.31%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded MDU Resources Group from a “sell” rating to a “hold” rating in a research note 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.