Citadel Advisors LLC raised its holdings in shares of MDU Resources Group Inc (NYSE:MDU) by 10.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,748,899 shares of the utilities provider’s stock after acquiring an additional 172,500 shares during the period. Citadel Advisors LLC’s holdings in MDU Resources Group were worth $47,010,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in MDU. Prudential Financial Inc. raised its stake in MDU Resources Group by 55.0% during the 3rd quarter. Prudential Financial Inc. now owns 2,072,325 shares of the utilities provider’s stock valued at $53,776,000 after acquiring an additional 735,440 shares in the last quarter. First Trust Advisors LP raised its stake in MDU Resources Group by 49.9% during the 3rd quarter. First Trust Advisors LP now owns 1,742,518 shares of the utilities provider’s stock valued at $45,218,000 after acquiring an additional 580,276 shares in the last quarter. Janus Henderson Group PLC raised its stake in MDU Resources Group by 4,741.5% during the 2nd quarter. Janus Henderson Group PLC now owns 475,481 shares of the utilities provider’s stock valued at $12,458,000 after acquiring an additional 465,660 shares in the last quarter. Parnassus Investments CA raised its stake in MDU Resources Group by 2.0% during the 3rd quarter. Parnassus Investments CA now owns 15,699,658 shares of the utilities provider’s stock valued at $407,406,000 after acquiring an additional 307,876 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new stake in MDU Resources Group during the 3rd quarter valued at $7,833,000. 62.58% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on MDU. Zacks Investment Research upgraded MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, February 13th. Williams Capital lowered their price target on MDU Resources Group from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Finally, KeyCorp reiterated a “buy” rating and set a $29.50 price target on shares of MDU Resources Group in a research report on Friday, December 15th.
MDU Resources Group (NYSE:MDU) last issued its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.07. MDU Resources Group had a return on equity of 10.59% and a net margin of 6.33%. The company had revenue of $1.17 billion for the quarter. During the same quarter last year, the business posted $0.33 earnings per share. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. sell-side analysts predict that MDU Resources Group Inc will post 1.38 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Thursday, March 8th will be given a dividend of $0.1975 per share. This represents a $0.79 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Wednesday, March 7th. MDU Resources Group’s dividend payout ratio (DPR) is presently 54.48%.
MDU Resources Group Profile
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.
Want to see what other hedge funds are holding MDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MDU Resources Group Inc (NYSE:MDU).
Receive News & Ratings for MDU Resources Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MDU Resources Group and related companies with MarketBeat.com's FREE daily email newsletter.