AHL Partners LLP Grows Position in MDU Resources Group, Inc. (MDU)
AHL Partners LLP boosted its stake in MDU Resources Group, Inc. (NYSE:MDU) by 93.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 403,299 shares of the utilities provider’s stock after acquiring an additional 195,130 shares during the period. AHL Partners LLP owned 0.21% of MDU Resources Group worth $10,566,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of MDU. Clinton Group Inc. purchased a new stake in MDU Resources Group during the 2nd quarter valued at approximately $1,505,000. HighTower Advisors LLC lifted its holdings in shares of MDU Resources Group by 7.0% during the second quarter. HighTower Advisors LLC now owns 9,105 shares of the utilities provider’s stock worth $240,000 after purchasing an additional 594 shares during the period. Frontier Wealth Management LLC lifted its holdings in shares of MDU Resources Group by 39.4% during the second quarter. Frontier Wealth Management LLC now owns 17,415 shares of the utilities provider’s stock worth $456,000 after purchasing an additional 4,923 shares during the period. OxFORD Asset Management LLP acquired a new stake in shares of MDU Resources Group during the second quarter worth $1,162,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of MDU Resources Group by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 926,888 shares of the utilities provider’s stock worth $24,286,000 after purchasing an additional 28,659 shares during the period. Hedge funds and other institutional investors own 63.55% of the company’s stock.
MDU Resources Group, Inc. (NYSE MDU) traded up 1.329% during trading on Monday, hitting $26.295. 136,713 shares of the stock were exchanged. MDU Resources Group, Inc. has a one year low of $24.49 and a one year high of $29.92. The stock’s 50 day moving average is $26.49 and its 200-day moving average is $26.64. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 22.865 and a beta of 0.91.
MDU Resources Group (NYSE:MDU) last announced its quarterly earnings data on Tuesday, August 1st. The utilities provider reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.03). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. MDU Resources Group had a net margin of 5.37% and a return on equity of 10.24%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 EPS. On average, equities research analysts expect that MDU Resources Group, Inc. will post $1.21 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Investors of record on Thursday, September 14th were issued a dividend of $0.1925 per share. This represents a $0.77 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Wednesday, September 13th. MDU Resources Group’s payout ratio is currently 66.96%.
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In other MDU Resources Group news, CEO David L. Goodin purchased 5,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $25.57 per share, for a total transaction of $127,850.00. Following the completion of the transaction, the chief executive officer now owns 95,210 shares in the company, valued at $2,434,519.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.95% of the stock is owned by insiders.
A number of equities analysts have commented on MDU shares. Zacks Investment Research upgraded shares of MDU Resources Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub lowered shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, KeyCorp reissued a “buy” rating and set a $28.00 price target on shares of MDU Resources Group in a report on Friday, September 1st. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $31.25.
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.
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