MDU Resources Group, Inc. (NYSE:MDU) Holdings Decreased by D.A. Davidson & CO.

D.A. Davidson & CO. reduced its holdings in MDU Resources Group, Inc. (NYSE:MDU) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,108 shares of the utilities provider’s stock after selling 3,401 shares during the period. D.A. Davidson & CO.’s holdings in MDU Resources Group were worth $2,278,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of MDU. Price T Rowe Associates Inc. MD grew its position in MDU Resources Group by 6.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 96,492 shares of the utilities provider’s stock valued at $2,432,000 after purchasing an additional 6,237 shares in the last quarter. CWM LLC increased its stake in shares of MDU Resources Group by 39.9% in the second quarter. CWM LLC now owns 34,707 shares of the utilities provider’s stock worth $871,000 after acquiring an additional 9,899 shares during the last quarter. Simplicity Wealth LLC raised its holdings in shares of MDU Resources Group by 12.3% during the second quarter. Simplicity Wealth LLC now owns 168,395 shares of the utilities provider’s stock worth $4,227,000 after acquiring an additional 18,463 shares in the last quarter. Register Financial Advisors LLC raised its holdings in shares of MDU Resources Group by 10.2% during the second quarter. Register Financial Advisors LLC now owns 155,203 shares of the utilities provider’s stock worth $3,896,000 after acquiring an additional 14,421 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in MDU Resources Group during the second quarter valued at $2,198,000. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MDU. StockNews.com began coverage on MDU Resources Group in a research report on Tuesday, November 5th. They issued a “hold” rating on the stock. Bank of America raised shares of MDU Resources Group from a “neutral” rating to a “buy” rating and cut their price objective for the company from $31.00 to $17.00 in a research report on Tuesday, November 5th. Finally, 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 report on Monday, November 4th.

MDU Resources Group Stock Performance

MDU opened at $20.06 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.07 and a current ratio of 1.15. The company has a market cap of $4.09 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 2.59 and a beta of 0.76. The stock has a 50-day moving average of $24.15 and a 200-day moving average of $24.93. MDU Resources Group, Inc. has a 52-week low of $14.91 and a 52-week high of $30.52.

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

MDU Resources Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Thursday, December 12th will be issued a $0.13 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.52 annualized dividend and a yield of 2.59%. MDU Resources Group’s dividend payout ratio (DPR) is presently 26.67%.

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.