SummerHaven Investment Management LLC Acquires 557 Shares of MDU Resources Group, Inc. (NYSE:MDU)

SummerHaven Investment Management LLC increased its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,779 shares of the utilities provider’s stock after purchasing an additional 557 shares during the quarter. SummerHaven Investment Management LLC’s holdings in MDU Resources Group were worth $669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Fifth Third Bancorp lifted its position in MDU Resources Group by 50.1% during the third quarter. Fifth Third Bancorp now owns 2,265 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 756 shares during the period. Planned Solutions Inc. purchased a new stake in MDU Resources Group during the fourth quarter valued at $66,000. Tompkins Financial Corp lifted its holdings in MDU Resources Group by 89.7% in the fourth quarter. Tompkins Financial Corp now owns 3,604 shares of the utilities provider’s stock valued at $71,000 after acquiring an additional 1,704 shares during the period. Anchor Investment Management LLC purchased a new position in MDU Resources Group in the fourth quarter worth about $178,000. Finally, Neo Ivy Capital Management bought a new stake in shares of MDU Resources Group during the 3rd quarter valued at about $182,000. 71.44% of the stock is owned by hedge funds and other institutional investors.

MDU Resources Group Trading Up 1.3 %

MDU Resources Group stock opened at $25.00 on Tuesday. MDU Resources Group, Inc. has a 12-month low of $18.04 and a 12-month high of $25.78. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 2.74 and a beta of 0.78. The firm has a 50 day moving average of $23.33 and a 200 day moving average of $20.73. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 0.77.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $0.48 EPS for the quarter. The firm had revenue of $1.14 billion for the quarter. MDU Resources Group had a net margin of 8.35% and a return on equity of 8.84%. As a group, research analysts predict that MDU Resources Group, Inc. will post 1.5 earnings per share for the current year.

MDU Resources Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Thursday, March 14th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Wednesday, March 13th. MDU Resources Group’s dividend payout ratio (DPR) is currently 24.51%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of MDU Resources Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd.

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.