Jones Financial Companies Lllp Has $1.61 Million Stock Holdings in MDU Resources Group, Inc. (NYSE:MDU)

Jones Financial Companies Lllp increased its position in MDU Resources Group, Inc. (NYSE:MDU) by 39.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,116 shares of the utilities provider’s stock after purchasing an additional 25,423 shares during the quarter. Jones Financial Companies Lllp’s holdings in MDU Resources Group were worth $1,606,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue raised its position in shares of MDU Resources Group by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 23,585 shares of the utilities provider’s stock valued at $646,000 after acquiring an additional 1,605 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of MDU Resources Group during the third quarter worth $6,351,000. Hudson Value Partners LLC grew its stake in shares of MDU Resources Group by 3.5% during the third quarter. Hudson Value Partners LLC now owns 212,815 shares of the utilities provider’s stock worth $5,833,000 after purchasing an additional 7,292 shares during the period. Capital Performance Advisors LLP bought a new stake in MDU Resources Group in the third quarter valued at about $40,000. Finally, State of New Jersey Common Pension Fund D lifted its stake in MDU Resources Group by 4.7% in 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 buying an additional 3,535 shares during the period. 71.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Dennis W. Johnson purchased 30,000 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were bought at an average cost of $16.64 per share, for a total transaction of $499,200.00. Following the completion of the acquisition, the director now directly owns 180,166 shares in the company, valued at approximately $2,997,962.24. This trade represents a 19.98 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

MDU has been the subject of several analyst reports. Jefferies Financial Group began coverage on MDU Resources Group in a research report on Wednesday, January 8th. They set a “hold” rating and a $18.00 target price for the company. StockNews.com cut shares of MDU Resources Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $21.00.

MDU Resources Group Trading Down 2.5 %

NYSE MDU opened at $16.54 on Friday. MDU Resources Group, Inc. has a one year low of $14.91 and a one year high of $30.52. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.07. The firm has a market cap of $3.38 billion, a P/E ratio of 11.98, a P/E/G ratio of 2.76 and a beta of 0.81. The stock’s 50-day moving average is $17.51 and its 200-day moving average is $21.37.

MDU Resources Group (NYSE:MDU) last announced its 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%. Sell-side analysts anticipate that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Thursday, March 13th. MDU Resources Group’s payout ratio 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.