14,123 Shares in MDU Resources Group, Inc. (NYSE:MDU) Bought by Inceptionr LLC

Inceptionr LLC purchased a new position in shares of MDU Resources Group, Inc. (NYSE:MDU) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 14,123 shares of the utilities provider’s stock, valued at approximately $280,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp raised its stake in MDU Resources Group by 50.1% during the 3rd quarter. Fifth Third Bancorp now owns 2,265 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 756 shares in the last quarter. Planned Solutions Inc. acquired a new position in MDU Resources Group in the fourth quarter valued at $66,000. Tompkins Financial Corp increased its stake in MDU Resources Group by 89.7% in the fourth quarter. Tompkins Financial Corp now owns 3,604 shares of the utilities provider’s stock valued at $71,000 after purchasing an additional 1,704 shares during the period. Anchor Investment Management LLC acquired a new position in MDU Resources Group in the fourth quarter valued at $178,000. Finally, Neo Ivy Capital Management acquired a new position in MDU Resources Group in the third quarter valued at $182,000. 71.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MDU Resources Group

In other news, insider Rob L. Johnson acquired 36,291 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average price of $25.46 per share, with a total value of $923,968.86. Following the completion of the transaction, the insider now directly owns 41,934 shares in the company, valued at approximately $1,067,639.64. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

MDU Resources Group Stock Performance

Shares of NYSE:MDU traded up $0.40 during midday trading on Friday, hitting $25.50. The stock had a trading volume of 287,643 shares, compared to its average volume of 1,232,088. The company has a market capitalization of $5.20 billion, a PE ratio of 10.86, a P/E/G ratio of 2.72 and a beta of 0.78. The stock has a 50 day moving average price of $24.30 and a two-hundred day moving average price of $21.28. The company has a current ratio of 1.43, a quick ratio of 1.37 and a debt-to-equity ratio of 0.78. MDU Resources Group, Inc. has a 1 year low of $18.04 and a 1 year high of $25.78.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.33 billion. MDU Resources Group had a net margin of 10.74% and a return on equity of 11.42%. The firm’s revenue was down 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 earnings per share. As a group, equities analysts predict that MDU Resources Group, Inc. will post 1.55 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, June 13th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Thursday, June 13th. MDU Resources Group’s dividend payout ratio is currently 21.37%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of MDU Resources Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd.

MDU Resources Group Company Profile

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 82 transmission and 298 distribution substations.