1 week Ago By ABMN Staff
Pictet Asset Management Holding SA increased its position in shares of MDU Resources Group, Inc. ( NYSE:MDU – Free Report ) by 57.7% during the 4th quarter, HoldingsChannel.
com reports. The institutional investor owned 42,480 shares of the utilities provider’s stock after buying an additional 15,538 shares during the period. Pictet Asset Management Holding SA’s holdings in MDU Resources Group were worth $765,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. increased its position in shares of MDU Resources Group by 164.
4% during the fourth quarter. Principal Securities Inc. now owns 1,470 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 914 shares during the last quarter.
V Square Quantitative Management LLC increased its holdings in MDU Resources Group by 99.6% during the 4th quarter. V Square Quantitative Management LLC now owns 1,834 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 915 shares during the last quarter.
Crews Bank & Trust acquired a new position in shares of MDU Resources Group in the 4th quarter valued at approximately $39,000. Blue Trust Inc. boosted its stake in shares of MDU Resources Group by 19.
4% during the 4th quarter. Blue Trust Inc. now owns 3,505 shares of the utilities provider’s stock valued at $63,000 after buying an additional 570 shares during the last quarter.
Finally, Lee Danner & Bass Inc. acquired a new stake in shares of MDU Resources Group during the fourth quarter worth approximately $77,000. Hedge funds and other institutional investors own 71.
44% of the company’s stock. Analysts Set New Price Targets Several analysts recently issued reports on MDU shares. Jefferies Financial Group assumed coverage on shares of MDU Resources Group in a report on Wednesday, January 8th.
They issued a “hold” rating and a $18.00 price target on the stock. StockNews.
com lowered shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.
com, the company currently has a consensus rating of “Hold” and a consensus price target of $21.00. Insider Buying and Selling at MDU Resources Group In related news, Director Dennis W.
Johnson bought 30,000 shares of the business’s stock in a transaction on 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 purchase, the director now owns 180,166 shares of the company’s stock, valued at $2,997,962.24.
This represents a 19.98 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website .
1.00% of the stock is currently owned by insiders. MDU Resources Group Stock Performance MDU stock opened at $15.
68 on Tuesday. The stock’s 50 day simple moving average is $16.92 and its 200 day simple moving average is $19.
97. MDU Resources Group, Inc. has a 12-month low of $12.
99 and a 12-month high of $20.39. The firm has a market cap of $3.
20 billion, a P/E ratio of 11.36, a P/E/G ratio of 2.76 and a beta of 0.
68. The company has a current ratio of 1.15, a quick ratio of 1.
07 and a debt-to-equity ratio of 0.73. MDU Resources Group ( NYSE:MDU – Get Free Report ) last released its earnings results 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%. As a group, equities research analysts predict that MDU Resources Group, Inc. will post 0.
94 EPS for the current year. MDU Resources Group Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th were issued a $0.
13 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.
52 dividend on an annualized basis and a yield of 3.32%. MDU Resources Group’s dividend payout ratio is currently 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. Featured Stories 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.
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