Jump Financial LLC Increases Stock Holdings in MDU Resources Group, Inc. (NYSE:MDU)

Jump Financial LLC increased its position in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 121.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,693 shares of the utilities provider's stock after acquiring an additional 30,014 shares during the period. Jump Financial LLC's holdings in MDU Resources Group were worth $986,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Barclays PLC raised its stake in MDU Resources Group by 7.8% during the third quarter. Barclays PLC now owns 87,022 shares of the utilities provider's stock worth $2,386,000 after acquiring an additional 6,264 shares in the last quarter. JPMorgan Chase & Co. boosted its position in MDU Resources Group by 32.3% in the third quarter. JPMorgan Chase & Co. now owns 855,493 shares of the utilities provider's stock valued at $23,449,000 after buying an additional 209,042 shares in the last quarter. Friedenthal Financial bought a new stake in shares of MDU Resources Group during the fourth quarter worth $778,000. Assenagon Asset Management S.A. lifted its stake in shares of MDU Resources Group by 42.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 115,907 shares of the utilities provider's stock valued at $2,089,000 after acquiring an additional 34,409 shares during the last quarter. Finally, Hennessy Advisors Inc. boosted its holdings in shares of MDU Resources Group by 1,098.5% during the 4th quarter. Hennessy Advisors Inc. now owns 2,155,007 shares of the utilities provider's stock valued at $38,833,000 after acquiring an additional 1,975,200 shares in the last quarter. Institutional investors own 71.44% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on MDU shares. Jefferies Financial Group began coverage on MDU Resources Group in a research note on Wednesday, January 8th. They set a "hold" rating and a $18.00 price target on the stock. StockNews.com cut shares of MDU Resources Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $21.00.

MDU Resources Group Trading Down 1.0 %

Shares of MDU traded down $0.17 during trading hours on Friday, hitting $16.89. 735,519 shares of the stock were exchanged, compared to its average volume of 2,496,079. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.07. The firm has a market capitalization of $3.45 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 2.76 and a beta of 0.68. The business has a 50-day moving average of $16.69 and a 200-day moving average of $18.92. MDU Resources Group, Inc. has a fifty-two week low of $13.23 and a fifty-two week high of $20.39.

MDU Resources Group (NYSE:MDU - Get Free Report) last released its earnings results on Thursday, February 6th. The utilities provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. MDU Resources Group had a return on equity of 10.20% and a net margin of 7.31%. On average, research analysts expect that MDU Resources Group, Inc. will post 0.94 EPS for the current year.

MDU Resources Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.08%. MDU Resources Group's dividend payout ratio (DPR) is presently 37.68%.

Insider Activity

In other MDU Resources Group news, Director Dennis W. Johnson purchased 30,000 shares of the firm's stock in a transaction on Monday, February 10th. The stock was acquired at an average price of $16.64 per share, for a total transaction of $499,200.00. Following the purchase, the director now owns 180,166 shares of the company's stock, valued at $2,997,962.24. This trade represents a 19.98 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.94% of the stock is currently owned by company insiders.

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.