Inceptionr LLC Purchases New Position in MDU Resources Group, Inc. (NYSE:MDU)

Inceptionr LLC purchased a new stake in MDU Resources Group, Inc. (NYSE:MDU) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 14,126 shares of the utilities provider’s stock, valued at approximately $255,000.

Several other large investors have also recently added to or reduced their stakes in MDU. Capital Performance Advisors LLP acquired a new stake in shares of MDU Resources Group during the third quarter valued at about $40,000. State of New Jersey Common Pension Fund D grew its stake in shares of MDU Resources Group by 4.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 78,589 shares of the utilities provider’s stock valued at $2,154,000 after acquiring an additional 3,535 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of MDU Resources Group by 158.9% during the third quarter. Venturi Wealth Management LLC now owns 1,196 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 734 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of MDU Resources Group during the third quarter valued at about $2,039,000. Finally, MQS Management LLC acquired a new stake in shares of MDU Resources Group during the third quarter valued at about $550,000. 71.44% of the stock is currently owned by institutional investors and hedge funds.

MDU Resources Group Stock Up 0.5 %

NYSE:MDU opened at $16.63 on Monday. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 2.76 and a beta of 0.81. MDU Resources Group, Inc. has a one year low of $14.91 and a one year high of $30.52. The stock has a 50-day simple moving average of $17.47 and a 200 day simple moving average of $21.27. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.07 and a current ratio of 1.15.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. MDU Resources Group had a return on equity of 10.20% and a net margin of 7.31%. Sell-side analysts predict that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

MDU Resources Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.52 dividend on an annualized basis and a yield of 3.13%. MDU Resources Group’s dividend payout ratio is currently 37.68%.

Insiders Place Their Bets

In other MDU Resources Group news, Director Dennis W. Johnson bought 30,000 shares of the business’s stock in a transaction on Monday, February 10th. The shares were purchased at an average price of $16.64 per share, with a total value of $499,200.00. Following the completion of the acquisition, the director now directly owns 180,166 shares of the company’s stock, valued at approximately $2,997,962.24. The trade was a 19.98 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MDU. Jefferies Financial Group began coverage on MDU Resources Group in a research note on Wednesday, January 8th. They set a “hold” rating and a $18.00 target price for the company. StockNews.com downgraded MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, MDU Resources Group has an average rating of “Hold” and a consensus price target of $21.00.

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.