MDU Resources Group, Inc. (NYSE:MDU) Shares Purchased by Walleye Capital LLC

Walleye Capital LLC grew its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU) by 51.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,232 shares of the utilities provider’s stock after acquiring an additional 14,366 shares during the period. Walleye Capital LLC’s holdings in MDU Resources Group were worth $761,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Friedenthal Financial purchased a new stake in MDU Resources Group during the 4th quarter worth approximately $778,000. Assenagon Asset Management S.A. grew its position in shares of MDU Resources Group by 42.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 115,907 shares of the utilities provider’s stock worth $2,089,000 after buying an additional 34,409 shares in the last quarter. Cascade Investment Advisors Inc. increased its stake in shares of MDU Resources Group by 21.3% in the fourth quarter. Cascade Investment Advisors Inc. now owns 81,626 shares of the utilities provider’s stock worth $1,471,000 after buying an additional 14,360 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in MDU Resources Group by 32.3% in the third quarter. JPMorgan Chase & Co. now owns 855,493 shares of the utilities provider’s stock valued at $23,449,000 after acquiring an additional 209,042 shares in the last quarter. Finally, Advisors Preferred LLC bought a new position in MDU Resources Group during the 4th quarter valued at $5,691,000. Institutional investors and hedge funds own 71.44% of the company’s stock.

MDU Resources Group Trading Down 2.1 %

NYSE MDU opened at $16.42 on Tuesday. The firm has a market capitalization of $3.36 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 2.76 and a beta of 0.68. MDU Resources Group, Inc. has a one year low of $13.23 and a one year high of $20.39. The company has a 50-day simple moving average of $16.69 and a 200-day simple moving average of $19.10. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.07 and a current ratio of 1.15.

MDU Resources Group (NYSE:MDU) last issued its earnings results on Thursday, February 6th. The utilities provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. MDU Resources Group had a return on equity of 10.20% and a net margin of 7.31%. On average, equities analysts forecast that MDU Resources Group, Inc. will post 0.94 earnings per share for the current year.

MDU Resources Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Thursday, March 13th. MDU Resources Group’s payout ratio is 37.68%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MDU. StockNews.com lowered shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Jefferies Financial Group initiated coverage on MDU Resources Group in a report on Wednesday, January 8th. They issued a “hold” rating and a $18.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $21.00.

Insider Activity

In other MDU Resources Group news, Director Dennis W. Johnson purchased 30,000 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were bought at an average price of $16.64 per share, with a total value of $499,200.00. Following the completion of the acquisition, the director now owns 180,166 shares in the company, valued at approximately $2,997,962.24. This represents a 19.98 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.94% of the company’s stock.

MDU Resources Group Company 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.