25,236 Shares in MDU Resources Group, Inc. (NYSE:MDU) Bought by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors acquired 25,236 shares of MDU Resources Group, valued at approximately $427,000, during the 1st quarter.
• MDU Resources Group reported earnings per share of $0.40 for the quarter, exceeding estimates and showing a 14.7% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.13, indicating a 2.9% dividend yield, with a payout ratio of 40.31%.

Arkadios Wealth Advisors acquired a new stake in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 25,236 shares of the utilities provider's stock, valued at approximately $427,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MDU. LPL Financial LLC increased its stake in shares of MDU Resources Group by 12.0% during the 4th quarter. LPL Financial LLC now owns 154,670 shares of the utilities provider's stock valued at $2,787,000 after acquiring an additional 16,547 shares during the last quarter. Pictet Asset Management Holding SA increased its position in MDU Resources Group by 57.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 42,480 shares of the utilities provider's stock worth $765,000 after purchasing an additional 15,538 shares in the last quarter. California Public Employees Retirement System increased its position in MDU Resources Group by 8.5% during the 4th quarter. California Public Employees Retirement System now owns 402,451 shares of the utilities provider's stock worth $7,252,000 after purchasing an additional 31,436 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in MDU Resources Group by 42.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 10,552 shares of the utilities provider's stock worth $190,000 after purchasing an additional 3,133 shares in the last quarter. Finally, ExodusPoint Capital Management LP acquired a new stake in MDU Resources Group during the 4th quarter worth approximately $2,117,000. Institutional investors and hedge funds own 71.44% of the company's stock.

Analyst Ratings Changes

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

MDU Resources Group Stock Up 0.6%

Shares of MDU Resources Group stock traded up $0.11 on Friday, hitting $16.43. 1,289,499 shares of the company's stock traded hands, compared to its average volume of 1,681,784. The stock has a market cap of $3.36 billion, a P/E ratio of 12.73, a PEG ratio of 2.65 and a beta of 0.73. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.74. The firm's 50-day moving average is $16.77 and its 200 day moving average is $16.91. MDU Resources Group, Inc. has a 52-week low of $14.91 and a 52-week high of $30.52.

MDU Resources Group (NYSE:MDU - Get Free Report) last released its earnings results on Thursday, August 7th. The utilities provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.06). The business had revenue of $351.20 million for the quarter, compared to analysts' expectations of $315.67 million. MDU Resources Group had a net margin of 7.93% and a return on equity of 9.86%. The business's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.32 earnings per share. Equities analysts anticipate that MDU Resources Group, Inc. will post 0.94 earnings per share for the current year.

MDU Resources Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Thursday, June 12th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.2%. MDU Resources Group's dividend payout ratio (DPR) is presently 40.31%.

MDU Resources Group Company 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.