KBC Group NV Has $151,000 Stock Position in MDU Resources Group, Inc. (NYSE:MDU)

KBC Group NV raised its stake in MDU Resources Group, Inc. (NYSE:MDU) by 22.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,519 shares of the utilities provider’s stock after acquiring an additional 997 shares during the quarter. KBC Group NV’s holdings in MDU Resources Group were worth $151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of MDU. Assenagon Asset Management S.A. acquired a new stake in MDU Resources Group in the third quarter worth about $2,234,000. SG Americas Securities LLC acquired a new stake in shares of MDU Resources Group during the 2nd quarter worth approximately $2,198,000. Resolute Capital Asset Partners LLC acquired a new stake in shares of MDU Resources Group during the 2nd quarter worth approximately $2,008,000. Algert Global LLC bought a new stake in shares of MDU Resources Group during the second quarter worth approximately $1,281,000. Finally, Renaissance Technologies LLC acquired a new position in MDU Resources Group in the second quarter valued at approximately $666,000. 71.44% of the stock is owned by institutional investors.

MDU Resources Group Stock Performance

Shares of MDU Resources Group stock opened at $19.28 on Friday. The stock’s fifty day simple moving average is $25.09 and its 200 day simple moving average is $25.19. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $3.93 billion, a PE ratio of 9.89, a PEG ratio of 2.42 and a beta of 0.76. MDU Resources Group, Inc. has a 12 month low of $14.91 and a 12 month high of $30.52.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. MDU Resources Group had a return on equity of 11.24% and a net margin of 8.92%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $969.17 million. During the same quarter last year, the firm posted $0.29 earnings per share. MDU Resources Group’s revenue was up 5.0% compared to the same quarter last year. On average, research analysts predict that MDU Resources Group, Inc. will post 1.13 EPS for the current year.

MDU Resources Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Thursday, December 12th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Thursday, December 12th. MDU Resources Group’s payout ratio is currently 26.67%.

Wall Street Analysts Forecast Growth

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

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.