Natixis Advisors LLC Grows Position in MDU Resources Group, Inc. (NYSE:MDU)

Natixis Advisors LLC increased its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU – Free Report) by 39.7% in the fourth quarter, according to the company in its most recent filing with the SEC.

The institutional investor owned 58,184 shares of the utilities provider’s stock after purchasing an additional 16,527 shares during the quarter. Natixis Advisors LLC’s holdings in MDU Resources Group were worth $1,048,000 as of its most recent filing with the SEC. Several other hedge funds have also recently bought and sold shares of MDU.



Hennessy Advisors Inc. increased its holdings in MDU Resources Group by 1,098.5% in the 4th quarter.

Hennessy Advisors Inc. now owns 2,155,007 shares of the utilities provider’s stock valued at $38,833,000 after purchasing an additional 1,975,200 shares in the last quarter. Principal Financial Group Inc.

grew its stake in shares of MDU Resources Group by 109.3% in the fourth quarter. Principal Financial Group Inc.

now owns 988,008 shares of the utilities provider’s stock valued at $17,804,000 after buying an additional 515,878 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in shares of MDU Resources Group by 40.

9% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,334,820 shares of the utilities provider’s stock valued at $24,053,000 after buying an additional 387,173 shares during the period.

Allspring Global Investments Holdings LLC lifted its position in MDU Resources Group by 18.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,114,019 shares of the utilities provider’s stock worth $37,926,000 after acquiring an additional 331,481 shares in the last quarter.

Finally, Bank of New York Mellon Corp boosted its holdings in MDU Resources Group by 18.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,110,595 shares of the utilities provider’s stock worth $38,033,000 after acquiring an additional 324,757 shares during the period.

Hedge funds and other institutional investors own 71.44% of the company’s stock. Insider ActivityIn related news, Director Dennis W.

Johnson bought 30,000 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was bought at an average price of $16.64 per share, with a total value of $499,200.

00. Following the purchase, the director now directly owns 180,166 shares of the company’s stock, valued at approximately $2,997,962.24.

This represents a 19.98 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

1.00% of the stock is owned by company insiders. Analyst Ratings ChangesSeveral analysts have recently weighed in on the company.

Jefferies Financial Group assumed coverage on MDU Resources Group in a research note on Wednesday, January 8th. They set a “hold” rating and a $18.00 target price for the company.

StockNews.com downgraded MDU Resources Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock.

According to data from MarketBeat.com, MDU Resources Group currently has a consensus rating of “Hold” and a consensus target price of $21.00.

View Our Latest Stock Report on MDU Resources GroupMDU Resources Group Stock PerformanceShares of NYSE MDU opened at $16.86 on Wednesday. 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 firm has a market cap of $3.45 billion, a P/E ratio of 12.22, a PEG ratio of 2.

76 and a beta of 0.81. The stock has a fifty day moving average price of $17.

21 and a two-hundred day moving average price of $20.57. MDU Resources Group, Inc.

has a 1 year low of $12.86 and a 1 year high of $20.39.

MDU Resources Group (NYSE:MDU – Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.34 earnings per share for the quarter, beating 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%. Research analysts forecast that MDU Resources Group, Inc.

will post 0.94 EPS for the current fiscal year. MDU Resources Group Announces DividendThe company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st.

Shareholders of record on Thursday, March 13th will be paid a dividend of $0.13 per share. This represents a $0.

52 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Thursday, March 13th.

MDU Resources Group’s dividend payout ratio is presently 37.68%. MDU Resources Group Company Profile (Free Report)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.Further ReadingFive stocks we like better than MDU Resources GroupDividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness Innovation Incubators: Survey of Entrepreneurs Reveals The Cities Most Supportive of StartupsWhat Are Dividend Contenders? Investing in Dividend ContendersNVIDIA Insiders Sell: This Is What It Means for the Market Utilities Stocks Explained – How and Why to Invest in UtilitiesSpace Stocks Bottoming: Which Are Positioned Best for a Bounce?Want to see what other hedge funds are holding MDU? Visit HoldingsChannel.

com to get the latest 13F filings and insider trades for MDU Resources Group, Inc. (NYSE:MDU – Free Report)..