New Age Alpha Advisors LLC Acquires New Holdings in MDU Resources Group, Inc. (NYSE:MDU)

Key Points

• New Age Alpha Advisors LLC has acquired a new position in MDU Resources Group, purchasing 34,532 shares valued at approximately $584,000 during the first quarter.
• MDU Resources Group reported earnings per share of $0.07 for the latest quarter, missing analyst expectations of $0.13, despite achieving revenue of $351.20 million.
• Analysts have downgraded MDU Resources Group from a "hold" rating to a "sell" rating, indicating potential concerns about the company's future performance.

New Age Alpha Advisors LLC bought a new stake in MDU Resources Group, Inc. (NYSE:MDU - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 34,532 shares of the utilities provider's stock, valued at approximately $584,000.

A number of other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in MDU Resources Group by 6.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,186,994 shares of the utilities provider's stock valued at $147,530,000 after purchasing an additional 467,355 shares in the last quarter. First Trust Advisors LP grew its holdings in MDU Resources Group by 132.0% during the 4th quarter. First Trust Advisors LP now owns 6,999,856 shares of the utilities provider's stock worth $126,137,000 after acquiring an additional 3,982,783 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in MDU Resources Group by 7.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,276,045 shares of the utilities provider's stock worth $38,533,000 after acquiring an additional 162,026 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in MDU Resources Group by 5.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,400,575 shares of the utilities provider's stock worth $25,238,000 after acquiring an additional 76,264 shares in the last quarter. Finally, Hood River Capital Management LLC grew its holdings in MDU Resources Group by 0.3% during the 4th quarter. Hood River Capital Management LLC now owns 1,108,137 shares of the utilities provider's stock worth $19,969,000 after acquiring an additional 3,529 shares in the last quarter. 71.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of MDU Resources Group from a "hold" rating to a "sell" rating in a report on Saturday.

MDU Resources Group Stock Performance

Shares of MDU Resources Group stock traded up $0.19 during trading hours on Wednesday, reaching $16.76. The company's stock had a trading volume of 552,974 shares, compared to its average volume of 1,688,561. The company's 50 day simple moving average is $16.73 and its 200 day simple moving average is $16.87. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.71 and a current ratio of 0.74. MDU Resources Group, Inc. has a one year low of $14.91 and a one year high of $30.52. The stock has a market cap of $3.42 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 2.61 and a beta of 0.73.

MDU Resources Group (NYSE:MDU - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.06). The business had revenue of $351.20 million during the quarter, compared to the consensus estimate of $315.67 million. MDU Resources Group had a return on equity of 8.29% and a net margin of 8.25%. The company's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 earnings per share. As a group, analysts expect that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

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.