McElhenny Sheffield Capital Management LLC acquired a new stake in shares of MDU Resources Group, Inc. (NYSE:MDU – Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,925 shares of the utilities provider’s stock, valued at approximately $58,000.
A number of other hedge funds also recently bought and sold shares of MDU. CoreCap Advisors LLC acquired a new position in shares of MDU Resources Group in the 2nd quarter valued at about $92,000. CENTRAL TRUST Co increased its holdings in shares of MDU Resources Group by 33.7% in the 3rd quarter. CENTRAL TRUST Co now owns 3,531 shares of the utilities provider’s stock valued at $97,000 after purchasing an additional 890 shares during the period. Fairfield Bush & CO. acquired a new position in shares of MDU Resources Group in the 1st quarter valued at about $124,000. Bank of New Hampshire increased its holdings in shares of MDU Resources Group by 10.9% in the 3rd quarter. Bank of New Hampshire now owns 4,665 shares of the utilities provider’s stock valued at $128,000 after purchasing an additional 460 shares during the period. Finally, Wipfli Financial Advisors LLC acquired a new position in shares of MDU Resources Group in the 3rd quarter valued at about $148,000. 70.83% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, StockNews.com upgraded MDU Resources Group from a “hold” rating to a “buy” rating in a report on Tuesday, March 14th.
MDU Resources Group Trading Down 1.9 %
MDU Resources Group (NYSE:MDU – Get Rating) last released its quarterly earnings data on Thursday, February 9th. The utilities provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. MDU Resources Group had a return on equity of 10.99% and a net margin of 5.27%. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. The firm’s revenue was up 28.8% on a year-over-year basis. On average, research analysts forecast that MDU Resources Group, Inc. will post 2 EPS for the current fiscal year.
MDU Resources Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Saturday, April 1st. Shareholders of record on Thursday, March 9th will be given a dividend of $0.2225 per share. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $0.89 dividend on an annualized basis and a yield of 3.07%. MDU Resources Group’s payout ratio is currently 49.17%.
About MDU Resources Group
MDU Resources Group, Inc engages in the provision of natural resource products and related services to energy and transportation infrastructure. It operates through the following business segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, Construction Services, and Other.
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