MDU Resources Group, Inc. (MDU) Shares Bought by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC boosted its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 6.2% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 627,930 shares of the utilities provider’s stock after buying an additional 36,465 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.32% of MDU Resources Group worth $17,186,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of MDU. Bank of The West boosted its position in MDU Resources Group by 0.3% in the first quarter. Bank of The West now owns 8,059 shares of the utilities provider’s stock valued at $221,000 after buying an additional 23 shares during the period. Advantus Capital Management Inc boosted its position in MDU Resources Group by 0.5% in the third quarter. Advantus Capital Management Inc now owns 23,770 shares of the utilities provider’s stock valued at $605,000 after buying an additional 117 shares during the period. Hanseatic Management Services Inc. boosted its position in MDU Resources Group by 0.6% in the first quarter. Hanseatic Management Services Inc. now owns 29,963 shares of the utilities provider’s stock valued at $820,000 after buying an additional 170 shares during the period. World Asset Management Inc boosted its position in MDU Resources Group by 1.3% in the first quarter. World Asset Management Inc now owns 13,759 shares of the utilities provider’s stock valued at $377,000 after buying an additional 180 shares during the period. Finally, Thompson Investment Management Inc. boosted its position in MDU Resources Group by 1.3% in the first quarter. Thompson Investment Management Inc. now owns 17,125 shares of the utilities provider’s stock valued at $469,000 after buying an additional 225 shares during the period. 63.87% of the stock is owned by hedge funds and other institutional investors.
Shares of MDU Resources Group, Inc. (NYSE MDU) traded up 1.74% during trading on Friday, hitting $27.50. The stock had a trading volume of 1,570,112 shares. The stock’s 50-day moving average is $26.66 and its 200-day moving average is $27.50. MDU Resources Group, Inc. has a 12-month low of $22.47 and a 12-month high of $29.92. The stock has a market capitalization of $5.37 billion, a P/E ratio of 70.51 and a beta of 0.87.
MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Wednesday, May 3rd. The utilities provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. MDU Resources Group had a net margin of 1.83% and a return on equity of 10.47%. The company had revenue of $937.90 million during the quarter, compared to the consensus estimate of $921.39 million. During the same period in the previous year, the business earned $0.17 earnings per share. Analysts predict that MDU Resources Group, Inc. will post $1.20 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, July 1st. Stockholders of record on Thursday, June 8th will be given a $0.1925 dividend. The ex-dividend date is Tuesday, June 6th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 2.80%. MDU Resources Group’s payout ratio is 202.64%.
Separately, Zacks Investment Research cut MDU Resources Group from a “hold” rating to a “sell” rating in a report on Saturday, May 13th.
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.
Receive News & Stock Ratings for MDU Resources Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MDU Resources Group Inc. and related stocks with our FREE daily email newsletter.