King Luther Capital Management Corp reduced its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 16.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,825 shares of the company’s stock after selling 3,000 shares during the period. King Luther Capital Management Corp’s holdings in MDU Resources Group were worth $377,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. raised its stake in MDU Resources Group by 104.5% in the third quarter. Principal Financial Group Inc. now owns 2,633,970 shares of the company’s stock valued at $67,008,000 after buying an additional 1,345,789 shares in the last quarter. Parnassus Investments CA raised its stake in MDU Resources Group by 5.2% in the third quarter. Parnassus Investments CA now owns 13,701,416 shares of the company’s stock valued at $348,564,000 after buying an additional 674,888 shares in the last quarter. Northern Trust Corp raised its stake in MDU Resources Group by 10.1% in the third quarter. Northern Trust Corp now owns 1,689,427 shares of the company’s stock valued at $42,978,000 after buying an additional 155,011 shares in the last quarter. Matarin Capital Management LLC acquired a new stake in MDU Resources Group during the third quarter valued at approximately $7,243,000. Finally, California State Teachers Retirement System raised its stake in MDU Resources Group by 0.9% in the third quarter. California State Teachers Retirement System now owns 425,847 shares of the company’s stock valued at $10,834,000 after buying an additional 3,600 shares in the last quarter. Institutional investors and hedge funds own 64.55% of the company’s stock.

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

MDU Resources Group, Inc. (NYSE:MDU) traded up 0.87% during mid-day trading on Friday, reaching $28.90. 599,516 shares of the company’s stock traded hands. MDU Resources Group, Inc. has a 52 week low of $15.58 and a 52 week high of $29.92. The stock has a market capitalization of $5.64 billion, a PE ratio of 111.58 and a beta of 0.84. The stock’s 50 day moving average is $28.91 and its 200-day moving average is $25.75.

MDU Resources Group (NYSE:MDU) last announced its earnings results on Wednesday, November 2nd. The company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The company earned $1.21 billion during the quarter, compared to analyst estimates of $1.29 billion. MDU Resources Group had a net margin of 1.21% and a return on equity of 9.16%. MDU Resources Group’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 earnings per share. On average, equities analysts anticipate that MDU Resources Group, Inc. will post $1.14 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Sunday, January 1st. Shareholders of record on Thursday, December 8th were paid a dividend of $0.1925 per share. This represents a $0.77 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend was Tuesday, December 6th. This is a positive change from MDU Resources Group’s previous quarterly dividend of $0.19. MDU Resources Group’s dividend payout ratio (DPR) is 296.17%.

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Several research firms have recently commented on MDU. Argus restated a “buy” rating and issued a $36.00 price target (up previously from $29.00) on shares of MDU Resources Group in a report on Tuesday, December 20th. Zacks Investment Research raised shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Tuesday, December 20th. Finally, DA Davidson reaffirmed a “hold” rating on shares of MDU Resources Group in a research report on Monday, November 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $28.00.

In other MDU Resources Group news, Director Patricia L. Moss sold 4,050 shares of the stock in a transaction dated Tuesday, November 29th. The shares were sold at an average price of $28.30, for a total transaction of $114,615.00. Following the completion of the transaction, the director now owns 75,418 shares of the company’s stock, valued at $2,134,329.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.10% of the company’s stock.

MDU Resources Group Company Profile

MDU Resources Group, Inc is a diversified natural resource company. Montana-Dakota Utilities Co (Montana-Dakota) is a public utility division of the Company. Montana-Dakota, through the electric and natural gas distribution segments, generates, transmits and distributes electricity and distributes natural gas.

5 Day Chart for NYSE:MDU

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