Advisors Asset Management Inc. grew its position in shares of MDU Resources Group, Inc. (NYSE:MDU) by 10.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 111,020 shares of the utilities provider’s stock after purchasing an additional 10,281 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.06% of MDU Resources Group worth $2,881,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of MDU. FMR LLC grew its holdings in shares of MDU Resources Group by 7.1% during the first quarter. FMR LLC now owns 209,505 shares of the utilities provider’s stock worth $5,734,000 after purchasing an additional 13,800 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of MDU Resources Group by 12.0% during the first quarter. Dimensional Fund Advisors LP now owns 898,229 shares of the utilities provider’s stock worth $24,583,000 after purchasing an additional 95,910 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of MDU Resources Group by 38.1% during the first quarter. AQR Capital Management LLC now owns 60,864 shares of the utilities provider’s stock worth $1,666,000 after purchasing an additional 16,786 shares during the last quarter. Capstone Asset Management Co. grew its holdings in shares of MDU Resources Group by 0.4% during the second quarter. Capstone Asset Management Co. now owns 22,454 shares of the utilities provider’s stock worth $588,000 after purchasing an additional 90 shares during the last quarter. Finally, Creative Planning grew its holdings in shares of MDU Resources Group by 8.0% during the second quarter. Creative Planning now owns 12,190 shares of the utilities provider’s stock worth $319,000 after buying an additional 906 shares during the last quarter. 63.93% of the stock is currently owned by institutional investors.

MDU Resources Group, Inc. (NYSE:MDU) traded up $0.14 during midday trading on Friday, hitting $27.01. The company had a trading volume of 237,573 shares, compared to its average volume of 872,586. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.28. MDU Resources Group, Inc. has a 52-week low of $25.14 and a 52-week high of $29.92. The stock has a market capitalization of $5,247.83, a price-to-earnings ratio of 22.58, a P/E/G ratio of 2.81 and a beta of 0.92.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.03). MDU Resources Group had a return on equity of 10.20% and a net margin of 5.39%. The company had revenue of $1.27 billion for the quarter. During the same quarter in the prior year, the company posted $0.45 earnings per share. equities analysts forecast that MDU Resources Group, Inc. will post 1.19 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Thursday, December 14th will be issued a dividend of $0.1975 per share. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 2.92%. 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 currently 65.25%.

A number of research firms recently issued reports on MDU. Zacks Investment Research lowered MDU Resources Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. KeyCorp reissued a “buy” rating and set a $28.00 price target on shares of MDU Resources Group in a report on Friday, October 20th. Finally, BidaskClub raised MDU Resources Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $30.75.

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About MDU Resources Group

MDU Resources Group, Inc is engaged in regulated energy delivery and construction materials and services business. The Company’s businesses segments are electric, natural gas distribution, pipeline and midstream, construction materials and contracting, and construction services. The electric segment generates, transmits and distributes electricity.

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

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