Healthcare of Ontario Pension Plan Trust Fund Has $3.32 Million Holdings in MDU Resources Group, Inc. (NYSE:MDU)

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in MDU Resources Group, Inc. (NYSE:MDU) by 68.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,000 shares of the utilities provider’s stock after buying an additional 49,200 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.06% of MDU Resources Group worth $3,317,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of MDU Resources Group by 8.1% in 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 purchasing an additional 563,424 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in MDU Resources Group by 40.9% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,048,344 shares of the utilities provider’s stock valued at $151,813,000 after buying an additional 1,756,530 shares in the last quarter. American Century Companies Inc. grew its stake in MDU Resources Group by 30.7% during the second quarter. American Century Companies Inc. now owns 4,158,224 shares of the utilities provider’s stock worth $104,371,000 after buying an additional 977,487 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of MDU Resources Group by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,082,468 shares of the utilities provider’s stock worth $57,080,000 after buying an additional 101,955 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of MDU Resources Group by 1.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,782,538 shares of the utilities provider’s stock valued at $48,859,000 after acquiring an additional 33,982 shares during the last quarter. 71.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MDU. StockNews.com assumed coverage on shares of MDU Resources Group in a research report on Tuesday, November 5th. They set a “hold” rating on the stock. Bank of America upgraded MDU Resources Group from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $31.00 to $17.00 in a research report on Tuesday, November 5th. Finally, Siebert Williams Shank raised MDU Resources Group from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Monday, November 4th.

MDU Resources Group Trading Down 0.0 %

MDU opened at $20.04 on Friday. The firm has a 50 day simple moving average of $24.15 and a 200 day simple moving average of $24.93. MDU Resources Group, Inc. has a fifty-two week low of $14.91 and a fifty-two week high of $30.52. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 10.28, a price-to-earnings-growth ratio of 2.59 and a beta of 0.76. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.07.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $969.17 million. During the same quarter in the prior year, the business posted $0.29 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, sell-side analysts anticipate that MDU Resources Group, Inc. will post 1.13 earnings per share for the current year.

MDU Resources Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, December 12th. MDU Resources Group’s dividend payout ratio (DPR) is currently 26.67%.

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.