Rational Advisors LLC Buys New Position in MDU Resources Group, Inc. (MDU)
Rational Advisors LLC bought a new position in MDU Resources Group, Inc. (NYSE:MDU) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 51,000 shares of the utilities provider’s stock, valued at approximately $1,396,000.
A number of other institutional investors have also modified their holdings of MDU. Bank of The West boosted its position in shares of 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 worth $221,000 after buying an additional 23 shares in the last quarter. Advantus Capital Management Inc boosted its stake 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 worth $605,000 after buying an additional 117 shares during the period. Hanseatic Management Services Inc. boosted its stake 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 worth $820,000 after buying an additional 170 shares during the period. World Asset Management Inc boosted its stake 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 worth $377,000 after buying an additional 180 shares during the period. Finally, Thompson Investment Management Inc. boosted its stake 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 worth $469,000 after buying an additional 225 shares during the period. 63.66% of the stock is currently owned by hedge funds and other institutional investors.
MDU Resources Group, Inc. (NYSE MDU) opened at 27.50 on Monday. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 70.51 and a beta of 0.87. MDU Resources Group, Inc. has a 52-week low of $22.47 and a 52-week high of $29.92. The firm has a 50-day moving average of $26.66 and a 200 day moving average of $27.50.
MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Wednesday, May 3rd. The utilities provider reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $921.39 million. During the same period in the prior year, the firm posted $0.17 EPS. On average, equities research analysts forecast that MDU Resources Group, Inc. will post $1.20 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, July 1st. Stockholders of record on Thursday, June 8th will be paid a $0.1925 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Tuesday, June 6th. MDU Resources Group’s dividend payout ratio is currently 202.64%.
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Separately, Zacks Investment Research lowered shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 13th.
About MDU Resources Group
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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