MDU Resources Group, Inc. (NYSE:MDU) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 134.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 507,793 shares of the utilities provider's stock after buying an additional 290,756 shares during the period. Ameriprise Financial Inc. owned about 0.25% of MDU Resources Group worth $9,152,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MDU. Barclays PLC boosted its position in shares of MDU Resources Group by 7.8% during the third quarter. Barclays PLC now owns 87,022 shares of the utilities provider's stock valued at $2,386,000 after buying an additional 6,264 shares during the period. Assenagon Asset Management S.A. grew its stake in MDU Resources Group by 42.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 115,907 shares of the utilities provider's stock worth $2,089,000 after purchasing an additional 34,409 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in MDU Resources Group by 291.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 51,566 shares of the utilities provider's stock worth $930,000 after purchasing an additional 38,406 shares in the last quarter. Inspire Investing LLC grew its stake in MDU Resources Group by 48.3% in the fourth quarter. Inspire Investing LLC now owns 22,276 shares of the utilities provider's stock worth $401,000 after purchasing an additional 7,257 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in MDU Resources Group in the fourth quarter worth approximately $3,244,000. Hedge funds and other institutional investors own 71.44% of the company's stock.

MDU Resources Group Trading Up 1.0%

NYSE:MDU traded up $0.17 during midday trading on Monday, hitting $17.06. The stock had a trading volume of 890,615 shares, compared to its average volume of 2,448,785. The stock has a 50-day moving average of $16.87 and a 200 day moving average of $17.58. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 2.76 and a beta of 0.72. MDU Resources Group, Inc. has a one year low of $13.23 and a one year high of $20.39.

MDU Resources Group (NYSE:MDU - Get Free Report) last posted its earnings results on Thursday, May 8th. The utilities provider reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.04. The company had revenue of $674.80 million during the quarter, compared to analyst estimates of $653.13 million. MDU Resources Group had a return on equity of 10.20% and a net margin of 7.31%. MDU Resources Group's revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. As a group, sell-side analysts forecast that MDU Resources Group, Inc. will post 0.94 EPS for the current year.

MDU Resources Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.05%. MDU Resources Group's dividend payout ratio is presently 40.31%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised MDU Resources Group from a "sell" rating to a "hold" rating in a research note on Monday, May 12th.

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.