NewEdge Advisors LLC Grows Position in MDU Resources Group, Inc. (NYSE:MDU)

NewEdge Advisors LLC raised its holdings in MDU Resources Group, Inc. (NYSE:MDU) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,900 shares of the utilities provider’s stock after purchasing an additional 1,761 shares during the period. NewEdge Advisors LLC’s holdings in MDU Resources Group were worth $1,704,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings 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 during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of 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 purchasing an additional 1,756,530 shares during the period. American Century Companies Inc. lifted its holdings 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 worth $104,371,000 after purchasing an additional 977,487 shares in the last quarter. First Trust Advisors LP boosted its stake 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 period. Finally, Frontier Capital Management Co. LLC grew its holdings in MDU Resources Group by 3.2% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,141,514 shares of the utilities provider’s stock valued at $42,402,000 after buying an additional 67,273 shares in the last quarter. Institutional investors own 71.44% of the company’s stock.

Wall Street Analyst Weigh In

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

MDU Resources Group Stock Performance

NYSE:MDU opened at $27.25 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. MDU Resources Group, Inc. has a twelve month low of $18.04 and a twelve month high of $27.92. The stock has a market cap of $5.56 billion, a P/E ratio of 11.65, a PEG ratio of 2.62 and a beta of 0.77. The business’s 50-day moving average price is $25.83 and its two-hundred day moving average price is $25.28.

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

MDU Resources Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Thursday, September 12th were given a dividend of $0.13 per share. 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 yield of 1.91%. The ex-dividend date of this dividend was Thursday, September 12th. MDU Resources Group’s dividend payout ratio (DPR) is presently 22.22%.

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.