Hennessy Advisors Inc. Has $16,966,000 Stake in MDU Resources Group Inc. (MDU)
Hennessy Advisors Inc. boosted its stake in MDU Resources Group Inc. (NYSE:MDU) by 9.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 666,907 shares of the company’s stock after buying an additional 58,500 shares during the period. Hennessy Advisors Inc. owned about 0.34% of MDU Resources Group worth $16,966,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. MSI Financial Services Inc increased its stake in MDU Resources Group by 0.4% in the third quarter. MSI Financial Services Inc now owns 5,077 shares of the company’s stock valued at $129,000 after buying an additional 18 shares during the period. Nisa Investment Advisors LLC increased its stake in MDU Resources Group by 14.6% in the third quarter. Nisa Investment Advisors LLC now owns 109,240 shares of the company’s stock valued at $2,779,000 after buying an additional 13,900 shares during the period. Creative Planning increased its stake in MDU Resources Group by 19.9% in the third quarter. Creative Planning now owns 8,054 shares of the company’s stock valued at $205,000 after buying an additional 1,335 shares during the period. Bremer Trust National Association increased its stake in MDU Resources Group by 8.9% in the third quarter. Bremer Trust National Association now owns 15,495 shares of the company’s stock valued at $394,000 after buying an additional 1,270 shares during the period. Finally, Copper Rock Capital Partners LLC purchased a new stake in MDU Resources Group during the third quarter valued at about $22,125,000. 64.75% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MDU Resources Group Inc. (NYSE:MDU) traded down 1.33% on Wednesday, reaching $28.17. 341,423 shares of the company’s stock traded hands. The firm has a market capitalization of $5.50 billion, a P/E ratio of 108.76 and a beta of 0.81. The company’s 50-day moving average is $26.32 and its 200-day moving average is $24.32. MDU Resources Group Inc. has a 52 week low of $15.58 and a 52 week high of $28.67.
MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. MDU Resources Group had a net margin of 1.21% and a return on equity of 9.16%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the company earned $0.38 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts anticipate that MDU Resources Group Inc. will post $1.13 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, January 1st. Stockholders of record on Thursday, December 8th will be given a $0.1925 dividend. The ex-dividend date of this dividend is Tuesday, December 6th. This is a positive change from MDU Resources Group’s previous quarterly dividend of $0.19. This represents a $0.77 annualized dividend and a dividend yield of 2.70%. MDU Resources Group’s dividend payout ratio is currently 288.47%.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of MDU Resources Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 8th. DA Davidson reaffirmed a “hold” rating on shares of MDU Resources Group in a research note on Monday, November 7th. Finally, Williams Capital reaffirmed a “buy” rating on shares of MDU Resources Group in a research note on Friday, August 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $22.25.
MDU Resources Group Company Profile
MDU Resources Group, Inc is a diversified natural resource company. Montana-Dakota Utilities Co (Montana-Dakota) is a public utility division of the Company. Montana-Dakota, through the electric and natural gas distribution segments, generates, transmits and distributes electricity and distributes natural gas.
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