Franklin Resources Inc. Has $119.04 Million Stock Holdings in MDU Resources Group, Inc. (NYSE:MDU)

Franklin Resources Inc. lifted its holdings in MDU Resources Group, Inc. (NYSE:MDUGet Rating) by 99.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,410,444 shares of the utilities provider’s stock after purchasing an additional 2,199,575 shares during the quarter. Franklin Resources Inc. owned about 2.17% of MDU Resources Group worth $119,038,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MDU. Total Clarity Wealth Management Inc. acquired a new position in shares of MDU Resources Group in the 2nd quarter valued at approximately $27,000. Herold Advisors Inc. acquired a new position in MDU Resources Group during the 1st quarter worth approximately $53,000. Venture Visionary Partners LLC acquired a new position in MDU Resources Group during the 2nd quarter worth approximately $53,000. CENTRAL TRUST Co boosted its position in MDU Resources Group by 42.9% during the 1st quarter. CENTRAL TRUST Co now owns 2,141 shares of the utilities provider’s stock worth $57,000 after acquiring an additional 643 shares during the last quarter. Finally, Heritage Financial Services LLC acquired a new position in MDU Resources Group during the 2nd quarter worth approximately $66,000. 71.32% of the stock is currently owned by institutional investors and hedge funds.

MDU Resources Group Stock Up 0.1 %

MDU opened at $31.10 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.11 and a debt-to-equity ratio of 0.79. The stock has a market cap of $6.32 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 3.03 and a beta of 0.72. The stock’s fifty day simple moving average is $28.81 and its 200 day simple moving average is $28.36. MDU Resources Group, Inc. has a 1-year low of $24.92 and a 1-year high of $32.19.

MDU Resources Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Shareholders of record on Thursday, December 8th will be given a dividend of $0.2225 per share. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, December 7th. This represents a $0.89 annualized dividend and a yield of 2.86%. MDU Resources Group’s dividend payout ratio (DPR) is presently 52.41%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. StockNews.com assumed coverage on MDU Resources Group in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Bank of America cut MDU Resources Group from a “neutral” rating to an “underperform” rating in a research note on Monday, October 24th. Finally, Citigroup upped their price objective on MDU Resources Group to $31.00 in a research note on Monday, August 15th.

MDU Resources Group Company Profile

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MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. The company's Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming, as well as operates 3,500 miles of transmission lines and 4,800 miles of distribution lines.

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Institutional Ownership by Quarter for MDU Resources Group (NYSE:MDU)

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