MDU Resources Group, Inc. (NYSE:MDU) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC boosted its holdings in MDU Resources Group, Inc. (NYSE:MDU) by 36.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,745,980 shares of the utilities provider’s stock after purchasing an additional 467,465 shares during the quarter. AQR Capital Management LLC’s holdings in MDU Resources Group were worth $43,824,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Atlas Capital Advisors LLC bought a new stake in shares of MDU Resources Group in the 2nd quarter worth approximately $27,000. TFO Wealth Partners LLC increased its holdings in shares of MDU Resources Group by 16,070.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,617 shares of the utilities provider’s stock valued at $32,000 after buying an additional 1,607 shares in the last quarter. Tompkins Financial Corp lifted its position in shares of MDU Resources Group by 22.2% during the 1st quarter. Tompkins Financial Corp now owns 4,404 shares of the utilities provider’s stock valued at $111,000 after acquiring an additional 800 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of MDU Resources Group during the 2nd quarter valued at $163,000. Finally, Point72 DIFC Ltd bought a new stake in shares of MDU Resources Group during the 2nd quarter worth $181,000. 71.44% of the stock is owned by institutional investors and hedge funds.

MDU Resources Group Stock Performance

Shares of MDU opened at $27.41 on Friday. The company has a 50-day moving average of $25.79 and a two-hundred day moving average of $25.10. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 2.62 and a beta of 0.77. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.15. MDU Resources Group, Inc. has a one year low of $18.04 and a one year high of $27.92.

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

MDU Resources Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.13 per share. This is an increase from MDU Resources Group’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.90%. MDU Resources Group’s payout ratio is currently 22.22%.

Wall Street Analyst Weigh In

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

About MDU Resources Group

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.