Strs Ohio Has $86,000 Stake in MDU Resources Group, Inc. $MDU

Strs Ohio reduced its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 94.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,849 shares of the utilities provider’s stock after selling 78,065 shares during the quarter. Strs Ohio’s holdings in MDU Resources Group were worth $86,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Salomon & Ludwin LLC acquired a new position in MDU Resources Group during the third quarter valued at approximately $25,000. Hantz Financial Services Inc. acquired a new stake in MDU Resources Group in the second quarter worth $26,000. Geneos Wealth Management Inc. boosted its position in shares of MDU Resources Group by 94.5% during the second quarter. Geneos Wealth Management Inc. now owns 1,647 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 800 shares in the last quarter. Country Trust Bank acquired a new position in shares of MDU Resources Group in the 2nd quarter valued at $33,000. Finally, GAMMA Investing LLC increased its position in shares of MDU Resources Group by 61.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,192 shares of the utilities provider’s stock valued at $39,000 after buying an additional 833 shares in the last quarter. 71.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MDU has been the topic of several recent analyst reports. Zacks Research upgraded MDU Resources Group from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of MDU Resources Group in a research report on Monday, December 29th. TD Cowen initiated coverage on MDU Resources Group in a research report on Thursday, October 16th. They issued a “hold” rating and a $20.00 price objective for the company. Jefferies Financial Group increased their target price on MDU Resources Group to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, Citigroup reaffirmed a “neutral” rating on shares of MDU Resources Group in a research note on Thursday, January 15th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $21.00.

MDU Resources Group Stock Up 0.6%

NYSE:MDU opened at $21.04 on Thursday. MDU Resources Group, Inc. has a twelve month low of $15.04 and a twelve month high of $21.49. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 3.32 and a beta of 0.75. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.80. The stock’s 50 day moving average price is $20.06 and its two-hundred day moving average price is $18.72.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings data on Thursday, November 6th. The utilities provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. MDU Resources Group had a return on equity of 6.81% and a net margin of 9.02%.During the same period in the prior year, the firm posted $0.32 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. Equities research analysts expect that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Stockholders of record on Thursday, December 11th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, December 11th. This represents a $0.56 annualized dividend and a dividend yield of 2.7%. MDU Resources Group’s payout ratio is currently 67.47%.

MDU Resources Group Company Profile

MDU Resources Group, Inc is a diversified energy and services holding company headquartered in Bismarck, North Dakota. The company operates through two primary segments: Utilities and Construction Services and Pipelines & Midstream. Serving a broad geographic footprint across the upper Midwest and Pacific Northwest, MDU provides essential energy distribution and infrastructure services to residential, commercial and industrial customers.

The Utilities segment delivers electric and natural gas distribution services in Montana, North Dakota, South Dakota, Minnesota, Kansas, Wisconsin, Michigan and Washington.