MDU Resources Group, Inc. (NYSE:MDU) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC increased its stake in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 41.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 761,393 shares of the utilities provider's stock after acquiring an additional 221,275 shares during the quarter. Nuveen Asset Management LLC owned about 0.37% of MDU Resources Group worth $13,720,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. boosted its holdings in shares of MDU Resources Group by 19.4% in the fourth quarter. Blue Trust Inc. now owns 3,505 shares of the utilities provider's stock valued at $63,000 after acquiring an additional 570 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of MDU Resources Group by 164.4% in the fourth quarter. Principal Securities Inc. now owns 1,470 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 914 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of MDU Resources Group by 99.6% in the fourth quarter. V Square Quantitative Management LLC now owns 1,834 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 915 shares in the last quarter. Atlas Capital Advisors Inc. lifted its stake in shares of MDU Resources Group by 84.4% during the fourth 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 period. Finally, Riverwater Partners LLC lifted its stake 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 valued at $914,000 after buying an additional 1,151 shares during the period. 71.44% of the stock is currently owned by institutional investors and hedge funds.

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 report on Monday, May 12th.

MDU Resources Group Stock Performance

NYSE:MDU traded up $0.04 during mid-day trading on Friday, hitting $17.17. The stock had a trading volume of 2,348,683 shares, compared to its average volume of 2,436,511. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 12.44, a P/E/G ratio of 2.76 and a beta of 0.72. The company has a 50 day simple moving average of $16.88 and a 200-day simple moving average of $17.55. MDU Resources Group, Inc. has a 52 week low of $13.23 and a 52 week high of $20.39. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.73.

MDU Resources Group (NYSE:MDU - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. The firm had revenue of $674.80 million for the quarter, compared to the consensus estimate of $653.13 million. MDU Resources Group had a net margin of 7.31% and a return on equity of 10.20%. MDU Resources Group's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the firm posted $0.52 EPS. On average, research analysts expect that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders 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 yield of 3.03%. MDU Resources Group's payout ratio is 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.