MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 76,264 Shares of MDU Resources Group, Inc. (NYSE:MDU)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in MDU Resources Group, Inc. (NYSE:MDU) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,400,575 shares of the utilities provider’s stock after purchasing an additional 76,264 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.69% of MDU Resources Group worth $25,238,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its stake in shares of MDU Resources Group by 42.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 115,907 shares of the utilities provider’s stock valued at $2,089,000 after buying an additional 34,409 shares in the last quarter. Cascade Investment Advisors Inc. raised its stake in shares of MDU Resources Group by 21.3% in the 4th quarter. Cascade Investment Advisors Inc. now owns 81,626 shares of the utilities provider’s stock valued at $1,471,000 after buying an additional 14,360 shares in the last quarter. Advisors Preferred LLC acquired a new position in shares of MDU Resources Group in the 4th quarter valued at $5,691,000. Principal Financial Group Inc. raised its stake in shares of MDU Resources Group by 109.3% in the 4th quarter. Principal Financial Group Inc. now owns 988,008 shares of the utilities provider’s stock valued at $17,804,000 after buying an additional 515,878 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of MDU Resources Group by 18.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,110,595 shares of the utilities provider’s stock valued at $38,033,000 after buying an additional 324,757 shares in the last quarter. 71.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of MDU Resources Group from a “sell” rating to a “hold” rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, MDU Resources Group has an average rating of “Moderate Buy” and a consensus price target of $21.00.

MDU Resources Group Trading Down 1.5%

Shares of MDU Resources Group stock opened at $16.75 on Thursday. The stock has a market capitalization of $3.42 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 2.76 and a beta of 0.72. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.73. The company has a 50-day simple moving average of $16.80 and a 200 day simple moving average of $17.87. MDU Resources Group, Inc. has a 12-month low of $13.23 and a 12-month high of $20.39.

MDU Resources Group (NYSE:MDU) last announced its earnings results on Thursday, May 8th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $674.80 million during the quarter, compared to analysts’ expectations of $653.13 million. MDU Resources Group had a net margin of 7.31% and a return on equity of 10.20%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the company posted $0.52 EPS. Research analysts expect that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Thursday, June 12th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.10%. MDU Resources Group’s dividend payout ratio (DPR) is currently 40.31%.

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.