McElhenny Sheffield Capital Management LLC Acquires Shares of 1,925 MDU Resources Group, Inc. (NYSE:MDU)

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 %

NYSE:MDU opened at $29.03 on Friday. The stock’s 50 day moving average price is $30.78 and its 200 day moving average price is $29.99. MDU Resources Group, Inc. has a 52 week low of $24.92 and a 52 week high of $32.53. The company has a market capitalization of $5.91 billion, a P/E ratio of 16.04, a P/E/G ratio of 2.32 and a beta of 0.74. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.36.

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

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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.