Deutsche Bank AG Increases Stock Position in MDU Resources Group, Inc. (NYSE:MDU)

Deutsche Bank AG lifted its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 115.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,603 shares of the utilities provider's stock after acquiring an additional 37,355 shares during the period. Deutsche Bank AG's holdings in MDU Resources Group were worth $1,254,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in MDU Resources Group by 16.6% during the fourth quarter. Vanguard Group Inc. now owns 22,997,452 shares of the utilities provider's stock worth $414,414,000 after purchasing an additional 3,276,114 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in MDU Resources Group by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,186,994 shares of the utilities provider's stock valued at $147,530,000 after purchasing an additional 467,355 shares during the last quarter. First Trust Advisors LP increased its stake in MDU Resources Group by 132.0% in the fourth quarter. First Trust Advisors LP now owns 6,999,856 shares of the utilities provider's stock valued at $126,137,000 after purchasing an additional 3,982,783 shares during the last quarter. Pertento Partners LLP grew its position in MDU Resources Group by 90.3% during the fourth quarter. Pertento Partners LLP now owns 2,990,144 shares of the utilities provider's stock valued at $53,882,000 after acquiring an additional 1,419,118 shares during the period. Finally, Norges Bank purchased a new stake in MDU Resources Group during the fourth quarter valued at about $40,857,000. Institutional investors and hedge funds own 71.44% of the company's stock.

Wall Street Analysts Forecast Growth

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

MDU Resources Group Stock Up 0.3%

NYSE MDU traded up $0.06 during trading on Friday, hitting $17.19. 227,795 shares of the company traded hands, compared to its average volume of 2,430,239. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.73. The business has a fifty day simple moving average of $16.87 and a 200 day simple moving average of $17.56. The company has a market capitalization of $3.51 billion, a P/E ratio of 12.49, a PEG ratio of 2.76 and a beta of 0.72. MDU Resources Group, Inc. has a 12 month low of $13.23 and a 12 month high of $20.39.

MDU Resources Group (NYSE:MDU - Get Free Report) last announced its earnings results on Thursday, May 8th. The utilities provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. MDU Resources Group had a return on equity of 10.20% and a net margin of 7.31%. The business 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 business earned $0.52 EPS. MDU Resources Group's revenue was up 14.7% compared to the same quarter last year. As a group, sell-side analysts predict that MDU Resources Group, Inc. will post 0.94 EPS for the current year.

MDU Resources Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Thursday, June 12th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.03%. MDU Resources Group's dividend payout ratio is currently 40.31%.

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.