MDU Resources Group, Inc. (NYSE:MDU) Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU) by 6.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,151,361 shares of the utilities provider’s stock after acquiring an additional 70,505 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.56% of MDU Resources Group worth $28,899,000 at the end of the most recent quarter.

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

MDU Resources Group Price Performance

NYSE MDU opened at $27.29 on Friday. MDU Resources Group, Inc. has a 52 week low of $18.04 and a 52 week high of $27.78. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 0.73. The stock has a market cap of $5.56 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 2.70 and a beta of 0.77. The company has a 50-day moving average price of $25.64 and a two-hundred day moving average price of $24.92.

MDU Resources Group (NYSE:MDU) last posted its earnings results on Thursday, August 8th. The utilities provider reported $0.32 EPS for the quarter, topping the consensus estimate of $0.21 by $0.11. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.06 billion. MDU Resources Group had a net margin of 9.25% and a return on equity of 11.29%. MDU Resources Group’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 EPS. Analysts forecast that MDU Resources Group, Inc. will post 1.55 EPS for the current year.

MDU Resources Group Increases Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.91%. MDU Resources Group’s dividend payout ratio (DPR) is 22.22%.

Analysts Set New Price Targets

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

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.