Janney Montgomery Scott LLC raised its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 35.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,405 shares of the utilities provider’s stock after buying an additional 2,444 shares during the period. Janney Montgomery Scott LLC’s holdings in MDU Resources Group were worth $257,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of MDU Resources Group during the fourth quarter worth about $52,324,000. AQR Capital Management LLC boosted its position in MDU Resources Group by 66.5% in the fourth quarter. AQR Capital Management LLC now owns 44,078 shares of the utilities provider’s stock worth $1,268,000 after buying an additional 17,609 shares during the period. GSA Capital Partners LLP bought a new position in MDU Resources Group during the fourth quarter worth approximately $322,000. Rainier Investment Management LLC bought a new position in MDU Resources Group during the third quarter worth approximately $14,500,000. Finally, Paradigm Asset Management Co. LLC bought a new position in MDU Resources Group during the fourth quarter worth approximately $678,000. Hedge funds and other institutional investors own 63.87% of the company’s stock.
Shares of MDU Resources Group, Inc. (MDU) opened at 27.50 on Friday. The stock’s 50 day moving average is $26.66 and its 200 day moving average is $27.50. The firm has a market cap of $5.37 billion, a P/E ratio of 70.51 and a beta of 0.87. MDU Resources Group, Inc. has a 12 month low of $22.47 and a 12 month high of $29.92.
MDU Resources Group (NYSE:MDU) last released its quarterly earnings data on Wednesday, May 3rd. The utilities provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. MDU Resources Group had a return on equity of 10.47% and a net margin of 1.83%. The company had revenue of $937.90 million for the quarter, compared to analysts’ expectations of $921.39 million. During the same period last year, the firm posted $0.17 earnings per share. Equities research analysts expect that MDU Resources Group, Inc. will post $1.20 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, July 1st. Investors of record on Thursday, June 8th will be given a dividend of $0.1925 per share. The ex-dividend date is Tuesday, June 6th. This represents a $0.77 annualized dividend and a dividend yield of 2.80%. MDU Resources Group’s dividend payout ratio (DPR) is presently 202.64%.
Separately, Zacks Investment Research upgraded shares of MDU Resources Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 5th.
About MDU Resources Group
MDU Resources Group, Inc is a diversified natural resource company. Montana-Dakota Utilities Co (Montana-Dakota) is a public utility division of the Company. Montana-Dakota, through the electric and natural gas distribution segments, generates, transmits and distributes electricity and distributes natural gas.
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