MDU Resources Group, Inc. (NYSE:MDU) Shares Bought by Ingalls & Snyder LLC

Ingalls & Snyder LLC grew its position in MDU Resources Group, Inc. (NYSE:MDU) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,335 shares of the utilities provider’s stock after buying an additional 850 shares during the period. Ingalls & Snyder LLC’s holdings in MDU Resources Group were worth $1,078,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MDU. V Square Quantitative Management LLC purchased a new position in MDU Resources Group in the third quarter worth approximately $25,000. Atlas Capital Advisors LLC acquired a new position in shares of MDU Resources Group in the 2nd quarter valued at $27,000. Venturi Wealth Management LLC grew its holdings in shares of MDU Resources Group by 158.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,196 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 734 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of MDU Resources Group during the 3rd quarter worth about $40,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in MDU Resources Group by 23.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,142 shares of the utilities provider’s stock valued at $54,000 after buying an additional 413 shares during the period. Institutional investors and hedge funds own 71.44% of the company’s stock.

MDU Resources Group Stock Performance

NYSE:MDU opened at $19.86 on Wednesday. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 2.60 and a beta of 0.79. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.73. MDU Resources Group, Inc. has a 52 week low of $14.91 and a 52 week high of $30.52. The company has a fifty day simple moving average of $23.84 and a two-hundred day simple moving average of $24.85.

MDU Resources Group (NYSE:MDU) last released its earnings results on Thursday, November 7th. The utilities provider reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $969.17 million. MDU Resources Group had a return on equity of 11.24% and a net margin of 8.92%. MDU Resources Group’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 EPS. As a group, equities analysts anticipate that MDU Resources Group, Inc. will post 1.13 earnings per share for the current fiscal year.

MDU Resources Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Thursday, December 12th will be paid a $0.13 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.52 dividend on an annualized basis and a yield of 2.62%. MDU Resources Group’s dividend payout ratio is currently 26.67%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MDU shares. Siebert Williams Shank raised shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Monday, November 4th. StockNews.com started coverage on shares of MDU Resources Group in a research report on Tuesday, November 5th. They set a “hold” rating for the company. Finally, Bank of America raised MDU Resources Group from a “neutral” rating to a “buy” rating and cut their target price for the company from $31.00 to $17.00 in a research report on Tuesday, November 5th.

About MDU Resources Group

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.