MDU Resources Group, Inc. (NYSE:MDU) Stock Holdings Boosted by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lifted its position in MDU Resources Group, Inc. (NYSE:MDU) by 124.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,601 shares of the utilities provider’s stock after buying an additional 28,585 shares during the period. Miller Howard Investments Inc. NY’s holdings in MDU Resources Group were worth $930,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. State Street Corp boosted its holdings in MDU Resources Group by 1.8% during the third quarter. State Street Corp now owns 6,344,185 shares of the utilities provider’s stock worth $174,713,000 after buying an additional 114,719 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of MDU Resources Group by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,719,543 shares of the utilities provider’s stock valued at $101,978,000 after acquiring an additional 65,433 shares during the last quarter. Hennessy Advisors Inc. boosted its stake in shares of MDU Resources Group by 1,098.5% during the 4th quarter. Hennessy Advisors Inc. now owns 2,155,007 shares of the utilities provider’s stock worth $38,833,000 after acquiring an additional 1,975,200 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of MDU Resources Group by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,082,468 shares of the utilities provider’s stock worth $57,080,000 after acquiring an additional 101,955 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of MDU Resources Group by 1.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,782,538 shares of the utilities provider’s stock worth $48,859,000 after acquiring an additional 33,982 shares during the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MDU. Bank of America upgraded MDU Resources Group from a “neutral” rating to a “buy” rating and decreased their price target for the company from $31.00 to $17.00 in a research report on Tuesday, November 5th. Jefferies Financial Group assumed coverage on shares of MDU Resources Group in a report on Wednesday, January 8th. They issued a “hold” rating and a $18.00 target price for the company. StockNews.com lowered shares of MDU Resources Group from a “hold” rating to a “sell” rating in a report on Friday. Finally, Siebert Williams Shank raised shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.00.

MDU Resources Group Trading Down 2.2 %

Shares of NYSE MDU opened at $16.57 on Monday. The firm has a market capitalization of $3.38 billion, a PE ratio of 12.00, a PEG ratio of 2.61 and a beta of 0.80. MDU Resources Group, Inc. has a one year low of $14.91 and a one year high of $30.52. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average price of $18.26 and a two-hundred day moving average price of $22.51.

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 the consensus estimate of $0.31 by $0.03. MDU Resources Group had a net margin of 7.31% and a return on equity of 10.20%. As a group, analysts predict that MDU Resources Group, Inc. will post 0.95 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Thursday, December 12th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date was Thursday, December 12th. MDU Resources Group’s dividend payout ratio (DPR) is presently 37.68%.

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.