River Road Asset Management LLC Has $58.05 Million Stock Holdings in MDU Resources Group, Inc. (NYSE:MDU)

River Road Asset Management LLC boosted its stake in MDU Resources Group, Inc. (NYSE:MDU) by 49.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,931,590 shares of the utilities provider’s stock after buying an additional 972,540 shares during the period. River Road Asset Management LLC owned approximately 1.44% of MDU Resources Group worth $58,045,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Belpointe Asset Management LLC boosted its position in shares of MDU Resources Group by 59.7% in the first quarter. Belpointe Asset Management LLC now owns 1,070 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 400 shares during the period. Money Concepts Capital Corp bought a new stake in MDU Resources Group during the fourth quarter worth about $33,000. Stonebridge Capital Advisors LLC lifted its position in MDU Resources Group by 71.0% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 1,325 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 550 shares during the period. Itau Unibanco Holding S.A. bought a new stake in MDU Resources Group during the second quarter worth about $39,000. Finally, Steward Partners Investment Advisory LLC lifted its position in MDU Resources Group by 22.5% during the first quarter. Steward Partners Investment Advisory LLC now owns 1,909 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 350 shares during the period. 71.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of MDU Resources Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd.

MDU Resources Group Trading Down 0.2 %

Shares of MDU Resources Group stock traded down $0.05 on Wednesday, hitting $23.56. The stock had a trading volume of 1,506,828 shares, compared to its average volume of 1,295,272. The stock has a 50 day moving average of $22.64 and a 200 day moving average of $20.39. MDU Resources Group, Inc. has a twelve month low of $18.04 and a twelve month high of $25.78. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.19 and a current ratio of 1.27. The firm has a market capitalization of $4.80 billion, a P/E ratio of 11.57, a PEG ratio of 2.65 and a beta of 0.78.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings data on Thursday, February 8th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter. MDU Resources Group had a return on equity of 8.84% and a net margin of 8.35%. The company had revenue of $1.14 billion during the quarter. Sell-side analysts expect that MDU Resources Group, Inc. will post 1.5 earnings per share for the current fiscal year.

MDU Resources Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Thursday, March 14th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Wednesday, March 13th. MDU Resources Group’s dividend payout ratio is presently 24.51%.

MDU Resources Group 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.