Citigroup Inc. Has $4.09 Million Stake in MDU Resources Group, Inc. (NYSE:MDU)

Citigroup Inc. boosted its holdings in MDU Resources Group, Inc. (NYSE:MDU) by 464.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 149,060 shares of the utilities provider’s stock after purchasing an additional 122,671 shares during the quarter. Citigroup Inc. owned about 0.07% of MDU Resources Group worth $4,086,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in MDU Resources Group by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,491,990 shares of the utilities provider’s stock valued at $188,049,000 after acquiring an additional 563,424 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in MDU Resources Group by 40.9% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,048,344 shares of the utilities provider’s stock valued at $151,813,000 after acquiring an additional 1,756,530 shares in the last quarter. American Century Companies Inc. lifted its stake in MDU Resources Group by 30.7% during the 2nd quarter. American Century Companies Inc. now owns 4,158,224 shares of the utilities provider’s stock valued at $104,371,000 after acquiring an additional 977,487 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in MDU Resources Group by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,082,468 shares of the utilities provider’s stock valued at $57,080,000 after acquiring an additional 101,955 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in MDU Resources Group by 1.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,782,538 shares of the utilities provider’s stock valued at $48,859,000 after acquiring an additional 33,982 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

MDU Resources Group Trading Down 1.3 %

Shares of MDU Resources Group stock opened at $19.86 on Wednesday. MDU Resources Group, Inc. has a 52-week low of $14.91 and a 52-week high of $30.52. The stock’s 50-day simple moving average is $23.84 and its 200 day simple moving average is $24.85. The stock has a market capitalization of $4.05 billion, a P/E ratio of 10.18, a P/E/G ratio of 2.60 and a beta of 0.79. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.07 and a current ratio of 1.15.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $969.17 million. During the same period in the previous year, the business posted $0.29 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, research analysts anticipate that MDU Resources Group, Inc. will post 1.13 EPS for the current year.

MDU Resources Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, December 12th. MDU Resources Group’s payout ratio is presently 26.67%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. StockNews.com assumed coverage on MDU Resources Group in a research note on Tuesday, November 5th. They set a “hold” rating on the stock. Siebert Williams Shank upgraded MDU Resources Group from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Monday, November 4th. Finally, Bank of America upgraded MDU Resources Group from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $31.00 to $17.00 in a research note on Tuesday, November 5th.

MDU Resources Group 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.