Focus Partners Advisor Solutions LLC Purchases 24,134 Shares of MDU Resources Group, Inc. (NYSE:MDU)

Focus Partners Advisor Solutions LLC lifted its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 308.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,960 shares of the utilities provider's stock after purchasing an additional 24,134 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in MDU Resources Group were worth $576,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Principal Securities Inc. grew its stake in MDU Resources Group by 164.4% in the 4th quarter. Principal Securities Inc. now owns 1,470 shares of the utilities provider's stock valued at $26,000 after buying an additional 914 shares during the last quarter. V Square Quantitative Management LLC grew its stake in MDU Resources Group by 99.6% in the 4th quarter. V Square Quantitative Management LLC now owns 1,834 shares of the utilities provider's stock valued at $33,000 after buying an additional 915 shares during the last quarter. Crews Bank & Trust acquired a new position in MDU Resources Group in the 4th quarter valued at $39,000. Atlas Capital Advisors Inc. grew its stake in MDU Resources Group by 84.4% in the 4th quarter. Atlas Capital Advisors Inc. now owns 2,487 shares of the utilities provider's stock valued at $45,000 after buying an additional 1,138 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in MDU Resources Group in the 4th quarter valued at $54,000. Institutional investors and hedge funds own 71.44% of the company's stock.

Analyst Upgrades and Downgrades

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

MDU Resources Group Stock Performance

MDU Resources Group stock traded up $0.06 during mid-day trading on Thursday, reaching $16.75. The company had a trading volume of 278,146 shares, compared to its average volume of 2,430,564. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.73. MDU Resources Group, Inc. has a 52 week low of $13.23 and a 52 week high of $20.39. The company has a 50 day moving average of $16.87 and a 200-day moving average of $17.57. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 2.76 and a beta of 0.72.

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, beating analysts' consensus estimates of $0.36 by $0.04. MDU Resources Group had a net margin of 7.31% and a return on equity of 10.20%. The firm had revenue of $674.80 million during the quarter, compared to the consensus estimate of $653.13 million. During the same period in the prior year, the firm earned $0.52 EPS. The business's revenue was up 14.7% on a year-over-year basis. On average, sell-side analysts expect that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

MDU Resources Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders 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 dividend yield of 3.11%. MDU Resources Group's payout ratio is 40.31%.

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.