MDU Resources Group, Inc. (NYSE:MDU) Shares Purchased by State Street Corp

State Street Corp boosted its holdings in MDU Resources Group, Inc. (NYSE:MDU) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,344,185 shares of the utilities provider’s stock after buying an additional 114,719 shares during the period. State Street Corp owned 3.11% of MDU Resources Group worth $174,713,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of MDU Resources Group by 23.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,142 shares of the utilities provider’s stock worth $54,000 after acquiring an additional 413 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of MDU Resources Group by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 34,869 shares of the utilities provider’s stock valued at $875,000 after purchasing an additional 606 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of MDU Resources Group by 2.0% in the 3rd quarter. HighTower Advisors LLC now owns 32,739 shares of the utilities provider’s stock valued at $896,000 after purchasing an additional 641 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of MDU Resources Group by 158.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,196 shares of the utilities provider’s stock valued at $33,000 after buying an additional 734 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of MDU Resources Group by 3.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 24,264 shares of the utilities provider’s stock worth $609,000 after buying an additional 817 shares during the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

MDU Resources Group Trading Down 0.6 %

NYSE:MDU opened at $18.81 on Friday. The business’s 50-day moving average is $22.71 and its two-hundred day moving average is $24.56. The firm has a market capitalization of $3.84 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of 2.52 and a beta of 0.79. MDU Resources Group, Inc. has a 12 month low of $14.91 and a 12 month high of $30.52. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.07.

MDU Resources Group (NYSE:MDU) last announced its earnings results on Thursday, November 7th. The utilities provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $969.17 million. MDU Resources Group had a return on equity of 11.24% and a net margin of 8.92%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the business posted $0.29 EPS. Research analysts predict that MDU Resources Group, Inc. will post 1.13 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Thursday, December 12th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Thursday, December 12th. MDU Resources Group’s payout ratio is 26.67%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MDU shares. StockNews.com initiated coverage on MDU Resources Group in a report on Tuesday. They issued a “hold” rating on the stock. Siebert Williams Shank upgraded MDU Resources Group from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Monday, November 4th. Finally, Bank of America upgraded shares of MDU Resources Group from a “neutral” rating to a “buy” rating and cut their price target for the company from $31.00 to $17.00 in a report on Tuesday, November 5th.

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.