85,080 Shares in MDU Resources Group, Inc. (NYSE:MDU) Purchased by Consolidated Planning Corp

Consolidated Planning Corp 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 13F filing with the Securities and Exchange Commission (SEC). The firm bought 85,080 shares of the utilities provider's stock, valued at approximately $1,439,000.

Several other hedge funds also recently modified their holdings of MDU. Hudson Value Partners LLC lifted its stake in MDU Resources Group by 61.3% during the 1st quarter. Hudson Value Partners LLC now owns 343,429 shares of the utilities provider's stock valued at $5,807,000 after acquiring an additional 130,479 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of MDU Resources Group by 28.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 66,160 shares of the utilities provider's stock valued at $1,119,000 after purchasing an additional 14,701 shares during the last quarter. Garde Capital Inc. bought a new position in shares of MDU Resources Group during the first quarter valued at about $82,000. Riverwater Partners LLC boosted its holdings in MDU Resources Group by 55.7% during the first quarter. Riverwater Partners LLC now owns 78,950 shares of the utilities provider's stock worth $1,335,000 after purchasing an additional 28,236 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in MDU Resources Group by 8.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,663 shares of the utilities provider's stock worth $366,000 after purchasing an additional 1,742 shares in the last quarter. Hedge funds and other institutional investors own 71.44% of the company's stock.

MDU Resources Group Stock Performance

MDU stock traded up $0.26 during midday trading on Thursday, hitting $16.39. The company's stock had a trading volume of 2,374,795 shares, compared to its average volume of 2,371,245. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 2.64 and a beta of 0.72. 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 stock's 50-day moving average price is $16.91 and its 200 day moving average price is $17.19. MDU Resources Group, Inc. has a 1 year low of $13.23 and a 1 year high of $20.39.

MDU Resources Group (NYSE:MDU - Get Free Report) last issued its quarterly 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. MDU Resources Group had a net margin of 7.93% and a return on equity of 9.86%. The company had revenue of $674.80 million for the quarter, compared to the consensus estimate of $653.13 million. During the same period in the previous year, the firm earned $0.52 EPS. The firm's quarterly revenue was up 14.7% on a year-over-year basis. On average, equities analysts forecast that MDU Resources Group, Inc. will post 0.94 EPS for the current year.

MDU Resources Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Thursday, June 12th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.17%. MDU Resources Group's payout ratio is 40.31%.

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 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.