Riverwater Partners LLC Has $1.34 Million Position in MDU Resources Group, Inc. (NYSE:MDU)

Riverwater Partners LLC raised its holdings in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 55.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,950 shares of the utilities provider's stock after purchasing an additional 28,236 shares during the period. Riverwater Partners LLC's holdings in MDU Resources Group were worth $1,335,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. 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 in the last quarter. GAMMA Investing LLC lifted its position in MDU Resources Group by 241.9% in the 1st quarter. GAMMA Investing LLC now owns 1,843 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 1,304 shares during the last quarter. Atlas Capital Advisors Inc. lifted its stake in shares of MDU Resources Group by 84.4% in 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. Johnson Financial Group Inc. bought a new stake in MDU Resources Group during the fourth quarter worth approximately $54,000. Finally, Blue Trust Inc. raised its holdings in MDU Resources Group by 27.7% during the fourth quarter. Blue Trust Inc. now owns 3,747 shares of the utilities provider's stock worth $68,000 after purchasing an additional 812 shares in the last quarter. Hedge funds and other institutional investors own 71.44% of the company's stock.

MDU Resources Group Price Performance

Shares of MDU traded up $0.51 during trading hours on Monday, hitting $16.50. The stock had a trading volume of 1,238,675 shares, compared to its average volume of 2,376,482. The company's fifty day moving average is $16.94 and its two-hundred day moving average is $17.22. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 12.79, a P/E/G ratio of 2.61 and a beta of 0.72. 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 $13.23 and a 52 week high of $20.39.

MDU Resources Group (NYSE:MDU - Get Free Report) last announced its quarterly earnings results 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. MDU Resources Group had a net margin of 7.93% and a return on equity of 9.86%. The business had revenue of $674.80 million for the quarter, compared to the consensus estimate of $653.13 million. During the same period last year, the company posted $0.52 EPS. MDU Resources Group's revenue for the quarter was up 14.7% on a year-over-year basis. On average, analysts anticipate that MDU Resources Group, Inc. will post 0.94 EPS for the current year.

MDU Resources Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.15%. MDU Resources Group's dividend payout ratio is 40.31%.

Analyst Ratings Changes

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 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.