Miller Howard Investments Inc. NY boosted its position in Mdu Resources Group Inc (NYSE:MDU) by 1.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,023 shares of the utilities provider’s stock after buying an additional 2,169 shares during the period. Miller Howard Investments Inc. NY’s holdings in Mdu Resources Group were worth $5,385,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Personal Wealth Partners bought a new stake in Mdu Resources Group in the 2nd quarter valued at about $28,000. Stonebridge Capital Advisors LLC bought a new stake in Mdu Resources Group during the 2nd quarter worth approximately $29,000. CWM LLC bought a new stake in Mdu Resources Group during the 2nd quarter worth approximately $31,000. Country Trust Bank bought a new stake in Mdu Resources Group during the 2nd quarter worth approximately $35,000. Finally, NumerixS Investment Technologies Inc bought a new stake in Mdu Resources Group during the 2nd quarter worth approximately $46,000. 68.13% of the stock is owned by institutional investors and hedge funds.
MDU traded up $0.03 during midday trading on Thursday, reaching $27.60. 34,139 shares of the company were exchanged, compared to its average volume of 1,080,687. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.23 and a current ratio of 1.58. The company’s fifty day moving average price is $27.71 and its 200 day moving average price is $26.35. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 2.61 and a beta of 0.65. Mdu Resources Group Inc has a one year low of $22.73 and a one year high of $28.82.
Mdu Resources Group (NYSE:MDU) last issued its quarterly earnings data on Tuesday, July 30th. The utilities provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. Mdu Resources Group had a return on equity of 11.11% and a net margin of 5.91%. The company’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 EPS. As a group, sell-side analysts anticipate that Mdu Resources Group Inc will post 1.5 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Thursday, September 12th were issued a dividend of $0.2025 per share. This represents a $0.81 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Wednesday, September 11th. Mdu Resources Group’s dividend payout ratio is currently 58.70%.
Separately, Williams Capital boosted their price objective on Mdu Resources Group from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, September 16th.
Mdu Resources Group Company Profile
MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. It operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming.
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