Jefferies Group LLC increased its position in shares of MDU Resources Group Inc (NYSE:MDU) by 395.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,000 shares of the utilities provider’s stock after buying an additional 32,732 shares during the period. Jefferies Group LLC’s holdings in MDU Resources Group were worth $1,102,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Prudential Financial Inc. boosted its holdings in MDU Resources Group by 55.0% in the third quarter. Prudential Financial Inc. now owns 2,072,325 shares of the utilities provider’s stock valued at $53,776,000 after purchasing an additional 735,440 shares in the last quarter. Geode Capital Management LLC boosted its holdings in MDU Resources Group by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 1,929,203 shares of the utilities provider’s stock valued at $51,856,000 after purchasing an additional 37,690 shares in the last quarter. Citadel Advisors LLC boosted its holdings in MDU Resources Group by 10.9% in the fourth quarter. Citadel Advisors LLC now owns 1,748,899 shares of the utilities provider’s stock valued at $47,010,000 after purchasing an additional 172,500 shares in the last quarter. Hermes Investment Management Ltd. boosted its holdings in MDU Resources Group by 4.3% in the fourth quarter. Hermes Investment Management Ltd. now owns 1,503,889 shares of the utilities provider’s stock valued at $40,425,000 after purchasing an additional 62,483 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in MDU Resources Group by 5.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,018,063 shares of the utilities provider’s stock valued at $27,366,000 after purchasing an additional 53,810 shares in the last quarter. Hedge funds and other institutional investors own 64.06% of the company’s stock.
MDU has been the subject of a number of research analyst reports. Williams Capital lowered their price target on MDU Resources Group from $30.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, February 8th. KeyCorp reaffirmed a “buy” rating and issued a $29.50 price target on shares of MDU Resources Group in a report on Friday, December 15th. ValuEngine raised MDU Resources Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Zacks Investment Research raised MDU Resources Group from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. MDU Resources Group has a consensus rating of “Buy” and a consensus price target of $29.17.
MDU Resources Group Inc (MDU) opened at $27.55 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.32 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $5,392.35, a P/E ratio of 19.13, a P/E/G ratio of 2.40 and a beta of 0.78. MDU Resources Group Inc has a fifty-two week low of $24.29 and a fifty-two week high of $28.22.
MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.07. The business had revenue of $1.17 billion during the quarter. MDU Resources Group had a return on equity of 10.46% and a net margin of 6.33%. MDU Resources Group’s revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 earnings per share. equities analysts anticipate that MDU Resources Group Inc will post 1.38 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Thursday, March 8th will be issued a $0.1975 dividend. This represents a $0.79 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Wednesday, March 7th. MDU Resources Group’s payout ratio is currently 54.86%.
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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.
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