Rainier Group Investment Advisory LLC purchased a new stake in shares of MDU Resources Group Inc (NYSE:MDU) in the first quarter, HoldingsChannel reports. The firm purchased 44,235 shares of the utilities provider’s stock, valued at approximately $1,246,000. MDU Resources Group makes up about 0.5% of Rainier Group Investment Advisory LLC’s portfolio, making the stock its 11th biggest position.

A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in MDU Resources Group by 4.3% during the 1st quarter. BlackRock Inc. now owns 17,115,606 shares of the utilities provider’s stock valued at $481,976,000 after buying an additional 700,841 shares during the last quarter. Citadel Advisors LLC increased its position in MDU Resources Group by 13.3% during the 1st quarter. Citadel Advisors LLC now owns 1,981,866 shares of the utilities provider’s stock valued at $55,809,000 after purchasing an additional 232,967 shares during the period. Geode Capital Management LLC increased its position in MDU Resources Group by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 1,929,203 shares of the utilities provider’s stock valued at $51,856,000 after purchasing an additional 37,690 shares during the period. Frontier Capital Management Co. LLC increased its position in MDU Resources Group by 3.6% during the 1st quarter. Frontier Capital Management Co. LLC now owns 1,699,341 shares of the utilities provider’s stock valued at $47,853,000 after purchasing an additional 59,458 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in MDU Resources Group by 52.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,545,228 shares of the utilities provider’s stock valued at $41,536,000 after purchasing an additional 531,704 shares during the period. Institutional investors own 64.39% of the company’s stock.

A number of research analysts have issued reports on MDU shares. ValuEngine raised shares of MDU Resources Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research downgraded shares of MDU Resources Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $29.17.

MDU Resources Group stock traded up $0.18 during mid-day trading on Thursday, reaching $27.95. 1,939 shares of the company traded hands, compared to its average volume of 798,171. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.67. The company has a market cap of $5.34 billion, a P/E ratio of 22.22, a PEG ratio of 3.04 and a beta of 0.68. MDU Resources Group Inc has a 52-week low of $24.29 and a 52-week high of $29.28.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Wednesday, May 2nd. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. The business had revenue of $976.30 million for the quarter. MDU Resources Group had a net margin of 6.39% and a return on equity of 10.59%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 earnings per share. analysts predict that MDU Resources Group Inc will post 1.38 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, July 1st. Stockholders of record on Thursday, June 14th will be given a $0.1975 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Wednesday, June 13th. MDU Resources Group’s dividend payout ratio is presently 63.20%.

MDU Resources Group Company Profile

MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services.

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

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