GSA Capital Partners LLP Has $2.30 Million Stock Position in MDU Resources Group, Inc. (NYSE:MDU)

Key Points

• GSA Capital Partners LLP has reduced its stake in MDU Resources Group by 16.9%, now holding approximately $2.3 million in stock after selling 27,551 shares in the first quarter.
• Various institutional investors, like Bessemer Group Inc. and GAMMA Investing LLC, have significantly increased their stakes in MDU Resources Group during the same quarter, indicating positive market interest.
• MDU Resources Group reported quarterly earnings of $0.40 per share, exceeding expectations, and declared a quarterly dividend of $0.13 per share, reflecting a yield of 3.08%.

GSA Capital Partners LLP lowered its position in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 16.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 135,833 shares of the utilities provider's stock after selling 27,551 shares during the quarter. GSA Capital Partners LLP owned 0.07% of MDU Resources Group worth $2,297,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its stake in MDU Resources Group by 28.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 66,160 shares of the utilities provider's stock worth $1,119,000 after buying an additional 14,701 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of MDU Resources Group by 241.9% during the 1st quarter. GAMMA Investing LLC now owns 1,843 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 1,304 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in MDU Resources Group by 8.7% during the first 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 during the period. Tidal Investments LLC bought a new position in MDU Resources Group during the fourth quarter worth about $185,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in MDU Resources Group by 16.5% during the first quarter. Robeco Institutional Asset Management B.V. now owns 69,446 shares of the utilities provider's stock worth $1,174,000 after purchasing an additional 9,846 shares during the period. Institutional investors and hedge funds own 71.44% of the company's stock.

Wall Street Analysts Forecast Growth

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 Price Performance

Shares of MDU traded down $0.14 during trading hours on Friday, hitting $17.11. The stock had a trading volume of 813,086 shares, compared to its average volume of 1,673,938. The company's fifty day moving average is $16.75 and its two-hundred day moving average is $16.95. 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, Inc. has a 52 week low of $14.91 and a 52 week high of $30.52. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 13.29, a P/E/G ratio of 2.58 and a beta of 0.70.

MDU Resources Group (NYSE:MDU - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.04. The firm had revenue of $674.80 million for 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 company's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share. On average, analysts anticipate that MDU Resources Group, Inc. will post 0.94 EPS for the current year.

MDU Resources Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Thursday, June 12th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.0%. MDU Resources Group's dividend payout ratio (DPR) is presently 40.31%.

MDU Resources Group Company 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.