MDU Resources Group, Inc. (MDU) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC increased its position in MDU Resources Group, Inc. (NYSE:MDU) by 4,741.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 475,481 shares of the utilities provider’s stock after purchasing an additional 465,660 shares during the quarter. Janus Henderson Group PLC owned approximately 0.24% of MDU Resources Group worth $12,458,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of MDU Resources Group by 771.5% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 293,329 shares of the utilities provider’s stock valued at $7,040,000 after purchasing an additional 259,672 shares during the period. Peregrine Asset Advisers Inc. bought a new stake in shares of MDU Resources Group in the 2nd quarter valued at about $4,271,000. BNP Paribas Arbitrage SA raised its holdings in shares of MDU Resources Group by 61.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 83,323 shares of the utilities provider’s stock valued at $2,183,000 after purchasing an additional 31,701 shares during the period. Arizona State Retirement System raised its holdings in shares of MDU Resources Group by 1.4% in the 2nd quarter. Arizona State Retirement System now owns 82,300 shares of the utilities provider’s stock valued at $2,156,000 after purchasing an additional 1,100 shares during the period. Finally, Comerica Bank raised its holdings in shares of MDU Resources Group by 0.7% in the 2nd quarter. Comerica Bank now owns 154,838 shares of the utilities provider’s stock valued at $3,968,000 after purchasing an additional 1,032 shares during the period. 63.59% of the stock is currently owned by institutional investors.

In related news, CEO David L. Goodin bought 5,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $25.57 per share, for a total transaction of $127,850.00. Following the completion of the purchase, the chief executive officer now directly owns 95,210 shares in the company, valued at $2,434,519.70. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.95% of the stock is owned by insiders.

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MDU has been the topic of a number of research analyst reports. KeyCorp reaffirmed a “buy” rating and issued a $28.00 target price on shares of MDU Resources Group in a report on Friday, September 1st. Zacks Investment Research raised shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Wednesday, October 11th. Finally, BidaskClub raised shares of MDU Resources Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.75.

Shares of MDU Resources Group, Inc. (MDU) opened at 27.03 on Friday. The company has a market capitalization of $5.28 billion, a PE ratio of 23.50 and a beta of 0.91. MDU Resources Group, Inc. has a one year low of $24.79 and a one year high of $29.92. The stock has a 50 day moving average of $26.78 and a 200-day moving average of $26.59.

MDU Resources Group (NYSE:MDU) last released its earnings results on Tuesday, August 1st. The utilities provider reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.03). The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.10 billion. MDU Resources Group had a net margin of 5.37% and a return on equity of 10.24%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 earnings per sh

Other hedge funds have also recently modified their holdings of the company. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of MDU Resources Group by 771.5% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 293,329 shares of the utilities provider’s stock valued at $7,040,000 after purchasing an additional 259,672 shares during the period. Peregrine Asset Advisers Inc. bought a new stake in shares of MDU Resources Group in the 2nd quarter valued at about $4,271,000. BNP Paribas Arbitrage SA raised its holdings in shares of MDU Resources Group by 61.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 83,323 shares of the utilities provider’s stock valued at $2,183,000 after purchasing an additional 31,701 shares during the period. Arizona State Retirement System raised its holdings in shares of MDU Resources Group by 1.4% in the 2nd quarter. Arizona State Retirement System now owns 82,300 shares of the utilities provider’s stock valued at $2,156,000 after purchasing an additional 1,100 shares during the period. Finally, Comerica Bank raised its holdings in shares of MDU Resources Group by 0.7% in the 2nd quarter. Comerica Bank now owns 154,838 shares of the utilities provider’s stock valued at $3,968,000 after purchasing an additional 1,032 shares during the period. 63.59% of the stock is currently owned by institutional investors.

In related news, CEO David L. Goodin bought 5,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $25.57 per share, for a total transaction of $127,850.00. Following the completion of the purchase, the chief executive officer now directly owns 95,210 shares in the company, valued at $2,434,519.70. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.95% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: This news story was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://ledgergazette.com/2017/10/22/mdu-resources-group-inc-mdu-shares-bought-by-janus-henderson-group-plc.html.

MDU has been the topic of a number of research analyst reports. KeyCorp reaffirmed a “buy” rating and issued a $28.00 target price on shares of MDU Resources Group in a report on Friday, September 1st. Zacks Investment Research raised shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Wednesday, October 11th. Finally, BidaskClub raised shares of MDU Resources Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.75.

Shares of MDU Resources Group, Inc. (MDU) opened at 27.03 on Friday. The company has a market capitalization of $5.28 billion, a PE ratio of 23.50 and a beta of 0.91. MDU Resources Group, Inc. has a one year low of $24.79 and a one year high of $29.92. The stock has a 50 day moving average of $26.78 and a 200-day moving average of $26.59.

MDU Resources Group (NYSE:MDU) last released its earnings results on Tuesday, August 1st. The utilities provider reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.03). The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.10 billion. MDU Resources Group had a net margin of 5.37% and a return on equity of 10.24%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 earnings per share. On average, equities analysts forecast that MDU Resources Group, Inc. will post $1.21 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Shareholders of record on Thursday, September 14th were paid a $0.1925 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Wednesday, September 13th. MDU Resources Group’s payout ratio is 66.96%.

About MDU Resources Group

MDU Resources Group, Inc is engaged in regulated energy delivery and construction materials and services business. The Company’s businesses segments are electric, natural gas distribution, pipeline and midstream, construction materials and contracting, and construction services. The electric segment generates, transmits and distributes electricity.

Institutional Ownership by Quarter for MDU Resources Group (NYSE:MDU)

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