Hudson Value Partners LLC Purchases 130,479 Shares of MDU Resources Group, Inc. (NYSE:MDU)

Hudson Value Partners LLC raised its stake in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 61.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 343,429 shares of the utilities provider's stock after purchasing an additional 130,479 shares during the period. MDU Resources Group accounts for approximately 2.2% of Hudson Value Partners LLC's holdings, making the stock its 12th biggest position. Hudson Value Partners LLC owned 0.17% of MDU Resources Group worth $5,807,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in shares of MDU Resources Group by 5,682.0% in the 1st quarter. GAMMA Investing LLC now owns 31,165 shares of the utilities provider's stock worth $527,000 after buying an additional 30,626 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of MDU Resources Group by 109.3% in the 4th quarter. Principal Financial Group Inc. now owns 988,008 shares of the utilities provider's stock valued at $17,804,000 after purchasing an additional 515,878 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of MDU Resources Group by 18.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,110,595 shares of the utilities provider's stock valued at $38,033,000 after purchasing an additional 324,757 shares during the last quarter. Tidal Investments LLC purchased a new stake in MDU Resources Group during the 4th quarter valued at $185,000. Finally, Commonwealth Equity Services LLC lifted its position in MDU Resources Group by 5.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 148,911 shares of the utilities provider's stock worth $2,683,000 after buying an additional 8,214 shares during the last quarter. Institutional investors own 71.44% of the company's stock.

MDU Resources Group Trading Up 0.0%

MDU Resources Group stock traded up $0.00 during mid-day trading on Tuesday, hitting $16.51. The company's stock had a trading volume of 1,664,918 shares, compared to its average volume of 2,370,712. MDU Resources Group, Inc. has a one year low of $13.23 and a one year high of $20.39. The stock has a market cap of $3.37 billion, a PE ratio of 12.80, a P/E/G ratio of 2.70 and a beta of 0.72. The company has a 50 day moving average of $16.94 and a 200-day moving average of $17.22. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.82 and a current ratio of 0.85.

MDU Resources Group (NYSE:MDU - Get Free Report) last announced its quarterly earnings data 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 company 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 firm's revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS. On average, research 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 disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Thursday, June 12th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.15%. MDU Resources Group's dividend payout ratio (DPR) is currently 40.31%.

Wall Street Analysts Forecast Growth

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

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.