MDU Resources Group, Inc. (NYSE:MDU) Stock Position Increased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its holdings in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 77.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,556 shares of the utilities provider's stock after acquiring an additional 39,990 shares during the period. Crossmark Global Holdings Inc.'s holdings in MDU Resources Group were worth $1,548,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its position in shares of MDU Resources Group by 25.6% in the first quarter. Envestnet Asset Management Inc. now owns 82,860 shares of the utilities provider's stock worth $1,401,000 after acquiring an additional 16,913 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of MDU Resources Group by 10.1% in the first quarter. D.A. Davidson & CO. now owns 89,040 shares of the utilities provider's stock worth $1,506,000 after acquiring an additional 8,188 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of MDU Resources Group by 2.4% in the first quarter. Principal Financial Group Inc. now owns 1,011,987 shares of the utilities provider's stock worth $17,113,000 after acquiring an additional 23,979 shares in the last quarter. Miller Howard Investments Inc. NY increased its position in shares of MDU Resources Group by 9.0% in the first quarter. Miller Howard Investments Inc. NY now owns 56,239 shares of the utilities provider's stock worth $951,000 after acquiring an additional 4,638 shares in the last quarter. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of MDU Resources Group in the first quarter worth $173,000. Institutional investors and hedge funds own 71.44% of the company's stock.

MDU Resources Group Stock Up 1.6%

MDU traded up $0.27 during trading hours on Monday, reaching $16.83. 1,040,245 shares of the stock traded hands, compared to its average volume of 2,354,944. The firm's fifty day simple moving average is $16.83 and its two-hundred day simple moving average is $17.03. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 2.71 and a beta of 0.70. 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.

MDU Resources Group (NYSE:MDU - Get Free Report) last released its quarterly 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 during the quarter, compared to analyst estimates of $653.13 million. MDU Resources Group had a net margin of 7.93% and a return on equity of 9.86%. The business's revenue was up 14.7% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. As a group, analysts forecast that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Thursday, June 12th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.09%. MDU Resources Group's dividend payout ratio (DPR) 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 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.