Citadel Advisors LLC grew its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU) by 86.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,576,399 shares of the utilities provider’s stock after buying an additional 729,943 shares during the period. Citadel Advisors LLC owned 0.81% of MDU Resources Group worth $40,908,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MDU. AT Bancorp bought a new stake in shares of MDU Resources Group during the second quarter valued at approximately $131,000. Global X Management Co. LLC raised its holdings in shares of MDU Resources Group by 220.3% during the second quarter. Global X Management Co. LLC now owns 6,198 shares of the utilities provider’s stock valued at $162,000 after buying an additional 4,263 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of MDU Resources Group by 8.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,671 shares of the utilities provider’s stock valued at $175,000 after buying an additional 537 shares during the last quarter. Mosaic Family Wealth LLC raised its holdings in shares of MDU Resources Group by 5.7% during the second quarter. Mosaic Family Wealth LLC now owns 6,972 shares of the utilities provider’s stock valued at $183,000 after buying an additional 374 shares during the last quarter. Finally, Ffcm LLC raised its holdings in shares of MDU Resources Group by 5.7% during the second quarter. Ffcm LLC now owns 7,360 shares of the utilities provider’s stock valued at $193,000 after buying an additional 396 shares during the last quarter. 63.93% of the stock is currently owned by institutional investors.

MDU Resources Group, Inc. (NYSE MDU) traded up $0.14 during midday trading on Monday, hitting $27.01. 237,500 shares of the company were exchanged, compared to its average volume of 850,155. MDU Resources Group, Inc. has a fifty-two week low of $25.14 and a fifty-two week high of $29.92. The company has a quick ratio of 1.01, a current ratio of 1.28 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $5,275.16, a price-to-earnings ratio of 22.70, a PEG ratio of 2.83 and a beta of 0.92.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.03). MDU Resources Group had a net margin of 5.39% and a return on equity of 10.20%. The company had revenue of $1.27 billion for the quarter. During the same quarter in the previous year, the company earned $0.45 EPS. analysts forecast that MDU Resources Group, Inc. will post 1.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Thursday, December 14th will be paid a dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Wednesday, December 13th. This is a positive change from MDU Resources Group’s previous quarterly dividend of $0.19. MDU Resources Group’s dividend payout ratio (DPR) is currently 65.25%.

A number of research firms recently commented on MDU. Zacks Investment Research lowered shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. KeyCorp reiterated a “buy” rating and set a $28.00 price objective on shares of MDU Resources Group in a research note on Friday, October 20th. Finally, BidaskClub upgraded shares of MDU Resources Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $30.75.

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MDU Resources Group Company 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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Institutional Ownership by Quarter for MDU Resources Group (NYSE:MDU)

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