Vanguard Personalized Indexing Management LLC Has $609,000 Stock Holdings in MDU Resources Group, Inc. (NYSE:MDU)

Vanguard Personalized Indexing Management LLC lifted its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 3.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,264 shares of the utilities provider’s stock after purchasing an additional 817 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in MDU Resources Group were worth $609,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State Board of Administration of Florida Retirement System increased its holdings in MDU Resources Group by 29.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 280,244 shares of the utilities provider’s stock valued at $7,062,000 after buying an additional 63,403 shares during the period. Russell Investments Group Ltd. increased its stake in MDU Resources Group by 17.0% in the first quarter. Russell Investments Group Ltd. now owns 401,619 shares of the utilities provider’s stock valued at $10,121,000 after acquiring an additional 58,220 shares during the last quarter. Meeder Asset Management Inc. raised its position in MDU Resources Group by 58.2% during the first quarter. Meeder Asset Management Inc. now owns 54,111 shares of the utilities provider’s stock valued at $1,364,000 after purchasing an additional 19,916 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of MDU Resources Group in the 2nd quarter valued at $2,198,000. Finally, First Trust Advisors LP increased its stake in shares of MDU Resources Group by 1.8% in the 4th quarter. First Trust Advisors LP now owns 2,561,113 shares of the utilities provider’s stock valued at $50,710,000 after purchasing an additional 44,067 shares during the last quarter. Institutional investors own 71.44% of the company’s stock.

MDU Resources Group Price Performance

Shares of NYSE:MDU opened at $27.62 on Thursday. MDU Resources Group, Inc. has a one year low of $18.04 and a one year high of $27.92. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.15. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 2.62 and a beta of 0.77. The firm has a 50 day simple moving average of $25.74 and a 200 day simple moving average of $25.05.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.11. MDU Resources Group had a return on equity of 11.29% and a net margin of 9.25%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the business posted $0.29 EPS. MDU Resources Group’s revenue for the quarter was down 4.0% on a year-over-year basis. Research analysts predict that MDU Resources Group, Inc. will post 1.58 earnings per share for the current fiscal year.

MDU Resources Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Thursday, September 12th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.88%. This is an increase from MDU Resources Group’s previous quarterly dividend of $0.13. MDU Resources Group’s dividend payout ratio is currently 22.22%.

Analyst Ratings Changes

Separately, StockNews.com lowered MDU Resources Group from a “buy” rating to a “hold” rating in a research note on Friday, July 26th.

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.