Consolidated Planning Corp Takes Position in MDU Resources Group, Inc. (NYSE:MDU)

Consolidated Planning Corp bought a new stake in MDU Resources Group, Inc. (NYSE:MDU - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 85,080 shares of the utilities provider's stock, valued at approximately $1,439,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MDU. Mackenzie Financial Corp grew its holdings in shares of MDU Resources Group by 3.5% during the 4th quarter. Mackenzie Financial Corp now owns 18,974 shares of the utilities provider's stock valued at $342,000 after purchasing an additional 650 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of MDU Resources Group by 27.7% during the 4th quarter. Blue Trust Inc. now owns 3,747 shares of the utilities provider's stock valued at $68,000 after purchasing an additional 812 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of MDU Resources Group by 164.4% during the 4th quarter. Principal Securities Inc. now owns 1,470 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 914 shares during the last quarter. Atlas Capital Advisors Inc. grew its holdings in shares of MDU Resources Group by 84.4% during the 4th quarter. Atlas Capital Advisors Inc. now owns 2,487 shares of the utilities provider's stock valued at $45,000 after purchasing an additional 1,138 shares during the last quarter. Finally, Riverwater Partners LLC grew its holdings in shares of MDU Resources Group by 2.3% during the 4th quarter. Riverwater Partners LLC now owns 50,714 shares of the utilities provider's stock valued at $914,000 after purchasing an additional 1,151 shares during the last quarter. 71.44% of the stock is currently owned by institutional investors and hedge funds.

MDU Resources Group Trading Down 0.9%

MDU opened at $15.99 on Monday. MDU Resources Group, Inc. has a fifty-two week low of $13.23 and a fifty-two week high of $20.39. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.85 and a quick ratio of 0.82. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 2.61 and a beta of 0.72. The company's 50 day moving average price is $16.94 and its two-hundred day moving average price is $17.24.

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. MDU Resources Group had a net margin of 7.93% and a return on equity of 9.86%. The firm had revenue of $674.80 million for the quarter, compared to analyst estimates of $653.13 million. During the same period in the previous year, the firm posted $0.52 EPS. The company's revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, research analysts predict that MDU Resources Group, Inc. will post 0.94 earnings per share for the current year.

MDU Resources Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.25%. MDU Resources Group's payout ratio is 40.31%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of MDU Resources Group from a "sell" rating to a "hold" rating in a 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.

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