Meadow Creek Investment Management LLC increased its position in MDU Resources Group Inc (NYSE:MDU) by 13.2% during the fourth quarter, HoldingsChannel reports. The firm owned 27,356 shares of the utilities provider’s stock after buying an additional 3,192 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in MDU Resources Group were worth $735,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GHP Investment Advisors Inc. raised its position in MDU Resources Group by 12.8% in the 4th quarter. GHP Investment Advisors Inc. now owns 28,929 shares of the utilities provider’s stock valued at $778,000 after buying an additional 3,282 shares during the last quarter. Paloma Partners Management Co raised its position in MDU Resources Group by 417.9% in the 4th quarter. Paloma Partners Management Co now owns 40,284 shares of the utilities provider’s stock valued at $1,083,000 after buying an additional 32,505 shares during the last quarter. California State Teachers Retirement System raised its position in MDU Resources Group by 0.6% in the 4th quarter. California State Teachers Retirement System now owns 333,178 shares of the utilities provider’s stock valued at $8,956,000 after buying an additional 1,955 shares during the last quarter. Two Sigma Investments LP purchased a new stake in MDU Resources Group in the 4th quarter valued at $1,130,000. Finally, Two Sigma Advisers LP raised its position in MDU Resources Group by 6.7% in the 4th quarter. Two Sigma Advisers LP now owns 220,840 shares of the utilities provider’s stock valued at $5,936,000 after buying an additional 13,900 shares during the last quarter. Institutional investors own 64.03% of the company’s stock.

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MDU has been the subject of a number of analyst reports. KeyCorp reissued a “buy” rating and issued a $29.50 price target on shares of MDU Resources Group in a research report on Friday, December 15th. ValuEngine raised MDU Resources Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research raised MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday, February 13th. Finally, Williams Capital lowered their price target on MDU Resources Group from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. MDU Resources Group has an average rating of “Buy” and a consensus price target of $29.17.

Shares of MDU Resources Group Inc (NYSE MDU) opened at $27.53 on Friday. MDU Resources Group Inc has a 12-month low of $24.29 and a 12-month high of $28.22. The stock has a market capitalization of $5,406.03, a price-to-earnings ratio of 22.14, a PEG ratio of 2.40 and a beta of 0.78. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.04 and a current ratio of 1.32.

MDU Resources Group (NYSE:MDU) last announced its earnings results on Wednesday, February 7th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.07. MDU Resources Group had a return on equity of 10.46% and a net margin of 6.33%. The firm had revenue of $1.17 billion during the quarter. During the same period in the prior year, the business earned $0.33 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. sell-side analysts predict that MDU Resources Group Inc will post 1.38 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Thursday, March 8th will be given a dividend of $0.1975 per share. This represents a $0.79 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Wednesday, March 7th. MDU Resources Group’s dividend payout ratio is presently 54.86%.

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MDU Resources Group Company Profile

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.

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

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