Barrow Hanley Mewhinney & Strauss LLC Raises Stock Position in MDU Resources Group, Inc. (NYSE:MDU)

Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU) by 40.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,048,344 shares of the utilities provider’s stock after buying an additional 1,756,530 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 2.97% of MDU Resources Group worth $151,813,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ensign Peak Advisors Inc increased its stake in MDU Resources Group by 3.4% during the second quarter. Ensign Peak Advisors Inc now owns 70,622 shares of the utilities provider’s stock worth $1,773,000 after acquiring an additional 2,340 shares during the last quarter. Sei Investments Co. increased its position in shares of MDU Resources Group by 100.0% during the 2nd quarter. Sei Investments Co. now owns 92,428 shares of the utilities provider’s stock valued at $2,320,000 after purchasing an additional 46,220 shares during the last quarter. Pacer Advisors Inc. raised its holdings in MDU Resources Group by 48.4% during the 2nd quarter. Pacer Advisors Inc. now owns 45,030 shares of the utilities provider’s stock valued at $1,130,000 after buying an additional 14,677 shares during the period. Intech Investment Management LLC bought a new stake in MDU Resources Group in the second quarter worth $327,000. Finally, Resolute Capital Asset Partners LLC purchased a new position in MDU Resources Group during the second quarter worth $2,008,000. Institutional investors own 71.44% of the company’s stock.

MDU Resources Group Stock Up 2.5 %

Shares of NYSE MDU opened at $27.28 on Friday. MDU Resources Group, Inc. has a 1 year low of $18.04 and a 1 year high of $27.78. The firm has a 50-day simple moving average of $25.64 and a two-hundred day simple moving average of $24.94. The company has a market cap of $5.56 billion, a P/E ratio of 11.66, a PEG ratio of 2.70 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 (NYSE:MDU) last issued its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company earned $0.29 EPS. MDU Resources Group’s quarterly revenue was down 4.0% compared to the same quarter last year. Research analysts anticipate that MDU Resources Group, Inc. will post 1.55 earnings per share for the current year.

MDU Resources Group Increases Dividend

The business 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 $0.13 dividend. The ex-dividend date is Thursday, September 12th. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.13. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.91%. MDU Resources Group’s dividend payout ratio is presently 22.22%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of MDU Resources Group from a “buy” rating to a “hold” rating in a research note 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.