MDU Resources Group, Inc. (NYSE:MDU) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 5,682.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 31,165 shares of the utilities provider's stock after purchasing an additional 30,626 shares during the quarter. GAMMA Investing LLC's holdings in MDU Resources Group were worth $527,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in MDU Resources Group by 11.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,921 shares of the utilities provider's stock worth $359,000 after acquiring an additional 2,028 shares during the period. Wood Tarver Financial Group LLC purchased a new position in MDU Resources Group in the 4th quarter worth approximately $82,000. Mackenzie Financial Corp boosted its holdings in MDU Resources Group by 3.5% in the 4th quarter. Mackenzie Financial Corp now owns 18,974 shares of the utilities provider's stock worth $342,000 after acquiring an additional 650 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in MDU Resources Group by 14.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 90,459 shares of the utilities provider's stock worth $1,630,000 after acquiring an additional 11,269 shares during the period. Finally, Neo Ivy Capital Management purchased a new position in MDU Resources Group in the 4th quarter worth approximately $1,305,000. Hedge funds and other institutional investors own 71.44% of the company's stock.

MDU Resources Group Stock Down 0.9%

NYSE MDU traded down $0.15 on Friday, reaching $15.99. The company had a trading volume of 2,249,683 shares, compared to its average volume of 2,381,052. The firm has a market capitalization of $3.27 billion, a PE ratio of 12.40, a P/E/G ratio of 2.61 and a beta of 0.72. MDU Resources Group, Inc. has a 1 year low of $13.23 and a 1 year high of $20.39. The firm has a 50-day moving average of $16.94 and a 200-day moving average of $17.25. 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 earnings results on Thursday, May 8th. The utilities provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. The company had revenue of $674.80 million during the quarter, compared to analysts' expectations of $653.13 million. MDU Resources Group had a return on equity of 9.86% and a net margin of 7.93%. The business's revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 EPS. On average, equities research analysts anticipate that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

MDU Resources Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.25%. MDU Resources Group's dividend payout ratio (DPR) is currently 40.31%.

Analysts Set New Price Targets

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

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.