Neo Ivy Capital Management Purchases New Position in MDU Resources Group, Inc. (NYSE:MDU)

Neo Ivy Capital Management acquired a new position in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 72,471 shares of the utilities provider's stock, valued at approximately $1,305,000.

Several other hedge funds also recently modified their holdings of MDU. Blue Trust Inc. grew its holdings in MDU Resources Group by 19.4% during the 4th quarter. Blue Trust Inc. now owns 3,505 shares of the utilities provider's stock worth $63,000 after acquiring an additional 570 shares during the period. Principal Securities Inc. grew its holdings in MDU Resources Group by 164.4% during the 4th quarter. Principal Securities Inc. now owns 1,470 shares of the utilities provider's stock worth $26,000 after acquiring an additional 914 shares during the period. V Square Quantitative Management LLC grew its holdings in MDU Resources Group by 99.6% during the 4th quarter. V Square Quantitative Management LLC now owns 1,834 shares of the utilities provider's stock worth $33,000 after acquiring an additional 915 shares during the period. Atlas Capital Advisors Inc. grew its holdings in MDU Resources Group by 84.4% during the 4th quarter. Atlas Capital Advisors Inc. now owns 2,487 shares of the utilities provider's stock worth $45,000 after acquiring an additional 1,138 shares during the period. Finally, Riverwater Partners LLC boosted its position in shares of MDU Resources Group by 2.3% during the fourth quarter. Riverwater Partners LLC now owns 50,714 shares of the utilities provider's stock worth $914,000 after purchasing an additional 1,151 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company's stock.

Analyst Upgrades and Downgrades

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

MDU Resources Group Trading Up 0.3%

Shares of NYSE MDU traded up $0.06 during midday trading on Thursday, reaching $16.75. 278,146 shares of the stock were exchanged, compared to its average volume of 2,430,564. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 12.13, a P/E/G 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. The business has a 50-day simple moving average of $16.87 and a two-hundred day simple moving average of $17.57. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.07.

MDU Resources Group (NYSE:MDU - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.40 EPS for the quarter, beating the consensus estimate 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 business had revenue of $674.80 million for the quarter, compared to analysts' expectations of $653.13 million. During the same period in the previous year, the firm posted $0.52 EPS. The firm's revenue was up 14.7% compared to the same quarter last year. As a group, equities research analysts expect that MDU Resources Group, Inc. will post 0.94 EPS for the current year.

MDU Resources Group Dividend Announcement

The company also recently disclosed 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 3.11%. MDU Resources Group's dividend payout ratio is presently 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.