Voya Investment Management LLC Has $1.82 Million Holdings in MDU Resources Group, Inc. (NYSE:MDU)

Voya Investment Management LLC raised its stake in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 199.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,996 shares of the utilities provider's stock after buying an additional 67,263 shares during the period. Voya Investment Management LLC's holdings in MDU Resources Group were worth $1,820,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MDU. Principal Securities Inc. raised its position in MDU Resources Group by 164.4% during the fourth quarter. Principal Securities Inc. now owns 1,470 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 914 shares in the last quarter. V Square Quantitative Management LLC increased its stake in shares of 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 purchasing an additional 915 shares during the last quarter. Crews Bank & Trust bought a new position in shares of MDU Resources Group during the 4th quarter valued at $39,000. 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 valued at $45,000 after purchasing an additional 1,138 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of MDU Resources Group by 19.4% in the 4th quarter. Blue Trust Inc. now owns 3,505 shares of the utilities provider's stock valued at $63,000 after purchasing an additional 570 shares during the last quarter. Institutional investors and hedge funds own 71.44% of the company's stock.

MDU Resources Group Stock Performance

MDU Resources Group stock traded up $0.09 on Wednesday, reaching $17.63. 2,158,145 shares of the stock were exchanged, compared to its average volume of 2,467,576. 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, Inc. has a twelve month low of $13.23 and a twelve month high of $20.39. The firm has a fifty day moving average price of $16.77 and a two-hundred day moving average price of $18.29. The stock has a market cap of $3.60 billion, a PE ratio of 12.77, a PEG ratio of 2.76 and a beta of 0.72.

MDU Resources Group (NYSE:MDU - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.34 earnings per share 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%. Sell-side analysts anticipate 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 paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.52 annualized dividend and a dividend yield of 2.95%. MDU Resources Group's payout ratio is 37.68%.

Insider Buying and Selling

In related news, Director Dennis W. Johnson purchased 30,000 shares of MDU Resources Group stock in a transaction on Monday, February 10th. The stock was purchased at an average cost of $16.64 per share, with a total value of $499,200.00. Following the acquisition, the director now directly owns 180,166 shares in the company, valued at approximately $2,997,962.24. This trade represents a 19.98 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.94% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MDU shares. StockNews.com lowered MDU Resources Group from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. Jefferies Financial Group initiated coverage on MDU Resources Group in a research note on Wednesday, January 8th. They issued a "hold" rating and a $18.00 price objective on the stock. 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's stock. According to MarketBeat, MDU Resources Group presently has an average rating of "Hold" and an average price target of $21.00.

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.