Sherbrooke Park Advisers LLC Has $1.17 Million Stake in MDU Resources Group, Inc. (NYSE:MDU)

Sherbrooke Park Advisers LLC lifted its position in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 201.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,177 shares of the utilities provider's stock after purchasing an additional 43,537 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in MDU Resources Group were worth $1,174,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MDU. Barclays PLC raised its stake in shares of MDU Resources Group by 7.8% in the third quarter. Barclays PLC now owns 87,022 shares of the utilities provider's stock valued at $2,386,000 after purchasing an additional 6,264 shares in the last quarter. Assenagon Asset Management S.A. grew its position in MDU Resources Group by 42.2% in the fourth 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 period. Hennessy Advisors Inc. grew its position in MDU Resources Group by 1,098.5% in the fourth 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 during the period. Brady Martz Wealth Solutions LLC bought a new stake in MDU Resources Group in the fourth quarter valued at $494,000. Finally, Crossmark Global Holdings Inc. grew its position in MDU Resources Group by 291.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 51,566 shares of the utilities provider's stock valued at $930,000 after acquiring an additional 38,406 shares during the period. 71.44% of the stock is currently owned by institutional investors and hedge funds.

MDU Resources Group Trading Up 2.5%

NYSE:MDU opened at $17.23 on Friday. MDU Resources Group, Inc. has a 1-year low of $13.23 and a 1-year high of $20.39. The business's 50-day moving average price is $16.81 and its two-hundred day moving average price is $17.79. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 2.76 and a beta of 0.72.

MDU Resources Group (NYSE:MDU - Get Free Report) last released its earnings results 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. MDU Resources Group had a return on equity of 10.20% and a net margin of 7.31%. The firm had revenue of $674.80 million for the quarter, compared to analyst estimates of $653.13 million. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The company's quarterly revenue was up 14.7% on a year-over-year basis. On average, equities analysts expect that MDU Resources Group, Inc. will post 0.94 earnings per share for the current year.

MDU Resources Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Thursday, June 12th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.02%. MDU Resources Group's dividend payout ratio is 40.31%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded MDU Resources Group from a "sell" rating to a "hold" rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" 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.

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