Ingalls & Snyder LLC Buys 850 Shares of MDU Resources Group, Inc. (NYSE:MDU)

Ingalls & Snyder LLC boosted its position in MDU Resources Group, Inc. (NYSE:MDU) by 2.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,335 shares of the utilities provider’s stock after purchasing an additional 850 shares during the quarter. Ingalls & Snyder LLC’s holdings in MDU Resources Group were worth $1,078,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MDU. Northwestern Mutual Wealth Management Co. boosted its position in MDU Resources Group by 23.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,142 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 413 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of MDU Resources Group by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 34,869 shares of the utilities provider’s stock valued at $875,000 after purchasing an additional 606 shares during the period. HighTower Advisors LLC boosted its holdings in MDU Resources Group by 2.0% during the third quarter. HighTower Advisors LLC now owns 32,739 shares of the utilities provider’s stock worth $896,000 after buying an additional 641 shares in the last quarter. Venturi Wealth Management LLC grew its position in MDU Resources Group by 158.9% during the third quarter. Venturi Wealth Management LLC now owns 1,196 shares of the utilities provider’s stock valued at $33,000 after buying an additional 734 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in MDU Resources Group by 3.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 24,264 shares of the utilities provider’s stock valued at $609,000 after buying an additional 817 shares in the last quarter. 71.44% of the stock is owned by hedge funds and other institutional investors.

MDU Resources Group Trading Down 1.3 %

MDU stock opened at $19.86 on Wednesday. MDU Resources Group, Inc. has a 12-month low of $14.91 and a 12-month high of $30.52. The business’s 50-day moving average is $23.84 and its 200 day moving average is $24.85. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.73. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 2.60 and a beta of 0.79.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $969.17 million. During the same period in the previous year, the company posted $0.29 earnings per share. The business’s 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 EPS for the current fiscal year.

MDU Resources Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Thursday, December 12th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Thursday, December 12th. MDU Resources Group’s dividend payout ratio (DPR) is 26.67%.

Analyst Upgrades and Downgrades

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

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.