MDU Resources Group, Inc. (NYSE:MDU) Stock Holdings Increased by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its holdings in MDU Resources Group, Inc. (NYSE:MDUFree Report) by 12.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,141 shares of the utilities provider’s stock after purchasing an additional 8,994 shares during the quarter. Advisors Asset Management Inc.’s holdings in MDU Resources Group were worth $1,608,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Steward Partners Investment Advisory LLC raised its holdings in shares of 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 valued at $58,000 after acquiring an additional 350 shares during the period. Belpointe Asset Management LLC raised its holdings in shares of MDU Resources Group by 59.7% during 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. Adalta Capital Management LLC raised its holdings in shares of MDU Resources Group by 9.1% during the first quarter. Adalta Capital Management LLC now owns 6,000 shares of the utilities provider’s stock valued at $184,000 after acquiring an additional 500 shares during the period. Eaton Vance Management raised its holdings in shares of MDU Resources Group by 0.4% during the first quarter. Eaton Vance Management now owns 116,518 shares of the utilities provider’s stock valued at $3,105,000 after acquiring an additional 507 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in shares of MDU Resources Group by 1.0% during the third quarter. Thrivent Financial for Lutherans now owns 54,190 shares of the utilities provider’s stock valued at $1,482,000 after acquiring an additional 512 shares during the period. 71.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of MDU Resources Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st.

Get Our Latest Report on MDU Resources Group

MDU Resources Group Stock Performance

Shares of MDU opened at $22.60 on Friday. The company’s 50 day moving average price is $20.22 and its 200 day moving average price is $19.66. MDU Resources Group, Inc. has a 52 week low of $18.04 and a 52 week high of $22.64. The company has a market capitalization of $4.60 billion, a PE ratio of 11.08, a PEG ratio of 2.49 and a beta of 0.76. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.19 and a current ratio of 1.27.

MDU Resources Group (NYSE:MDUGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $0.48 EPS for the quarter. MDU Resources Group had a net margin of 8.35% and a return on equity of 8.84%. The firm had revenue of $1.14 billion for the quarter. Research analysts expect that MDU Resources Group, Inc. will post 1.49 EPS for the current fiscal year.

MDU Resources Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Thursday, March 14th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Wednesday, March 13th. MDU Resources Group’s payout ratio is presently 24.51%.

About MDU Resources Group

(Free Report)

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.

Featured Stories

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

Receive News & Ratings for MDU Resources Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MDU Resources Group and related companies with MarketBeat.com's FREE daily email newsletter.