Arkadios Wealth Advisors Takes $427,000 Position in MDU Resources Group, Inc. (NYSE:MDU)

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 bought a new stake in MDU Resources Group, Inc. (NYSE:MDU - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,236 shares of the utilities provider's stock, valued at approximately $427,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. raised its holdings in shares of MDU Resources Group by 179.0% in the first quarter. Bessemer Group Inc. now owns 1,518 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 974 shares during the last quarter. GAMMA Investing LLC grew its position in MDU Resources Group by 241.9% during the first quarter. GAMMA Investing LLC now owns 1,843 shares of the utilities provider's stock valued at $31,000 after buying an additional 1,304 shares during the period. Johnson Financial Group Inc. bought a new position in MDU Resources Group during the fourth quarter valued at about $54,000. Wood Tarver Financial Group LLC bought a new position in MDU Resources Group during the fourth quarter valued at about $82,000. Finally, Garde Capital Inc. bought a new position in MDU Resources Group during the first quarter valued at about $82,000. Hedge funds and other institutional investors own 71.44% of the company's stock.

MDU Resources Group Price Performance

Shares of MDU stock traded down $0.21 during trading hours on Wednesday, reaching $17.49. The stock had a trading volume of 1,550,611 shares, compared to its average volume of 1,675,108. The stock's fifty day simple moving average is $16.77 and its 200 day simple moving average is $16.92. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.74. MDU Resources Group, Inc. has a 12 month low of $14.91 and a 12 month high of $30.52. The firm has a market capitalization of $3.57 billion, a PE ratio of 13.56, a PEG ratio of 2.66 and a beta of 0.73.

MDU Resources Group (NYSE:MDU - Get Free Report) last announced its earnings results on Thursday, May 8th. The utilities provider reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.04. The business had revenue of $674.80 million for the quarter, compared to the consensus estimate of $653.13 million. MDU Resources Group had a net margin of 7.93% and a return on equity of 9.86%. MDU Resources Group's quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm posted $0.52 earnings per share. On average, equities research analysts predict 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 was paid on Tuesday, July 1st. Stockholders of record on Thursday, June 12th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.0%. MDU Resources Group's payout ratio is 40.31%.

Wall Street Analysts Forecast Growth

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

About MDU Resources Group

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.