16,288 Shares in MDU Resources Group, Inc. (NYSE:MDU) Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC bought a new stake in shares of MDU Resources Group, Inc. (NYSE:MDU) in the 4th quarter, Holdings Channel reports. The firm bought 16,288 shares of the utilities provider’s stock, valued at approximately $294,000.

Several other large investors have also modified their holdings of MDU. Principal Securities Inc. boosted its holdings in MDU Resources Group by 164.4% during the 4th quarter. Principal Securities Inc. now owns 1,470 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 914 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of MDU Resources Group by 158.9% during the third quarter. Venturi Wealth Management LLC now owns 1,196 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 734 shares during the period. V Square Quantitative Management LLC grew its holdings in shares of MDU Resources Group by 99.6% in the fourth 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 bought a new position in shares of MDU Resources Group in the fourth quarter worth about $39,000. Finally, Capital Performance Advisors LLP purchased a new position in MDU Resources Group in the 3rd quarter worth about $40,000. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MDU shares. StockNews.com cut shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Jefferies Financial Group began coverage on MDU Resources Group in a report on Wednesday, January 8th. They issued a “hold” rating and a $18.00 price target for the company. Siebert Williams Shank upgraded MDU Resources Group from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Monday, November 4th. Finally, Bank of America upgraded MDU Resources Group from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $31.00 to $17.00 in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.00.

MDU Resources Group Trading Up 1.4 %

MDU Resources Group stock opened at $16.80 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 stock has a market cap of $3.43 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 2.76 and a beta of 0.80. The stock has a 50-day moving average of $17.70 and a two-hundred day moving average of $21.75. MDU Resources Group, Inc. has a one year low of $14.91 and a one year high of $30.52.

MDU Resources Group (NYSE:MDU) last released its earnings results on Thursday, February 6th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. MDU Resources Group had a return on equity of 10.20% and a net margin of 7.31%. On average, research analysts anticipate that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

MDU Resources Group Announces Dividend

The business 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. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.10%. MDU Resources Group’s payout ratio is currently 37.68%.

Insider Buying and Selling at MDU Resources Group

In other news, Director Dennis W. Johnson purchased 30,000 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were purchased at an average cost of $16.64 per share, with a total value of $499,200.00. Following the completion of the acquisition, the director now 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

MDU Resources Group 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.