MDU Resources Group, Inc. (NYSE:MDU) Shares Sold by Dakota Wealth Management

Dakota Wealth Management reduced its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU) by 3.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 74,713 shares of the utilities provider’s stock after selling 2,865 shares during the quarter. Dakota Wealth Management’s holdings in MDU Resources Group were worth $1,356,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MDU. Hennessy Advisors Inc. grew its stake in MDU Resources Group by 1,098.5% during the 4th quarter. Hennessy Advisors Inc. now owns 2,155,007 shares of the utilities provider’s stock valued at $38,833,000 after purchasing an additional 1,975,200 shares during the last quarter. AQR Capital Management LLC grew its stake in MDU Resources Group by 36.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,745,980 shares of the utilities provider’s stock valued at $43,824,000 after purchasing an additional 467,465 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. purchased a new stake in MDU Resources Group during the 3rd quarter valued at about $6,351,000. Algert Global LLC grew its stake in MDU Resources Group by 453.6% during the 3rd quarter. Algert Global LLC now owns 282,573 shares of the utilities provider’s stock valued at $7,745,000 after purchasing an additional 231,530 shares during the last quarter. Finally, Needham Investment Management LLC grew its stake in MDU Resources Group by 98.8% during the 3rd quarter. Needham Investment Management LLC now owns 427,500 shares of the utilities provider’s stock valued at $11,718,000 after purchasing an additional 212,500 shares during the last quarter. 71.44% of the stock is owned by institutional investors and hedge funds.

MDU Resources Group Stock Down 0.5 %

Shares of MDU opened at $18.09 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.73. MDU Resources Group, Inc. has a 12 month low of $14.91 and a 12 month high of $30.52. The stock’s 50 day moving average is $18.67 and its two-hundred day moving average is $23.18. The firm has a market cap of $3.69 billion, a P/E ratio of 9.28, a PEG ratio of 2.79 and a beta of 0.81.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.32 EPS for the quarter, beating the consensus estimate 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 period last year, the company earned $0.29 earnings per share. MDU Resources Group’s quarterly revenue was up 5.0% compared to the same quarter last year. Analysts predict that MDU Resources Group, Inc. will post 1.09 earnings per share for the current fiscal year.

MDU Resources Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Thursday, December 12th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.87%. The ex-dividend date was Thursday, December 12th. MDU Resources Group’s payout ratio is currently 26.67%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MDU. Jefferies Financial Group began coverage on MDU Resources Group in a research note on Wednesday, January 8th. They set a “hold” rating and a $18.00 price target on the stock. Bank of America raised MDU Resources Group from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $31.00 to $17.00 in a report on Tuesday, November 5th. Siebert Williams Shank raised MDU Resources Group from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Monday, November 4th. Finally, StockNews.com began coverage on MDU Resources Group in a report on Friday, January 3rd. They set a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, MDU Resources Group has an average rating of “Moderate Buy” and an average price target of $21.00.

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.