Swiss National Bank increased its stake in shares of Mdu Resources Group Inc (NYSE:MDU) by 3.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 339,390 shares of the utilities provider’s stock after acquiring an additional 10,100 shares during the quarter. Swiss National Bank’s holdings in Mdu Resources Group were worth $8,766,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. First PREMIER Bank boosted its stake in Mdu Resources Group by 0.9% during the first quarter. First PREMIER Bank now owns 46,156 shares of the utilities provider’s stock worth $1,193,000 after acquiring an additional 422 shares in the last quarter. Gs Investments Inc. lifted its stake in shares of Mdu Resources Group by 6.5% in the first quarter. Gs Investments Inc. now owns 7,260 shares of the utilities provider’s stock valued at $188,000 after buying an additional 440 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Mdu Resources Group by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 52,500 shares of the utilities provider’s stock valued at $1,356,000 after buying an additional 500 shares in the last quarter. ETF Managers Group LLC lifted its stake in shares of Mdu Resources Group by 11.5% in the first quarter. ETF Managers Group LLC now owns 5,162 shares of the utilities provider’s stock valued at $133,000 after buying an additional 533 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of Mdu Resources Group by 3.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,618 shares of the utilities provider’s stock valued at $396,000 after buying an additional 627 shares in the last quarter. 66.39% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Edward A. Ryan acquired 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was acquired at an average price of $24.81 per share, for a total transaction of $86,835.00. Following the completion of the acquisition, the director now owns 12,190 shares of the company’s stock, valued at approximately $302,433.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David L. Goodin acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were bought at an average price of $24.45 per share, with a total value of $122,250.00. Following the acquisition, the chief executive officer now directly owns 254,466 shares of the company’s stock, valued at approximately $6,221,693.70. The disclosure for this purchase can be found here. Insiders acquired 11,000 shares of company stock worth $272,085 over the last ninety days. Insiders own 1.05% of the company’s stock.
Mdu Resources Group (NYSE:MDU) last released its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). Mdu Resources Group had a net margin of 5.83% and a return on equity of 10.58%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1,000.00 million. During the same period last year, the business posted $0.22 earnings per share. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. Equities research analysts predict that Mdu Resources Group Inc will post 1.49 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, June 13th will be paid a $0.2025 dividend. This represents a $0.81 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Wednesday, June 12th. Mdu Resources Group’s dividend payout ratio (DPR) is 58.70%.
A number of research firms have weighed in on MDU. Zacks Investment Research raised shares of Mdu Resources Group from a “sell” rating to a “hold” rating in a research note on Monday, May 20th. Williams Capital set a $30.00 price objective on shares of Mdu Resources Group and gave the company a “buy” rating in a research note on Thursday, May 2nd.
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Mdu Resources Group Company Profile
MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. It operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming.
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