MDU Resources Group, Inc. (NYSE:MDU) Stock Holdings Raised by Pertento Partners LLP

Pertento Partners LLP boosted its stake in MDU Resources Group, Inc. (NYSE:MDU) by 90.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,990,144 shares of the utilities provider’s stock after acquiring an additional 1,419,118 shares during the quarter. MDU Resources Group comprises about 4.6% of Pertento Partners LLP’s holdings, making the stock its 7th largest holding. Pertento Partners LLP’s holdings in MDU Resources Group were worth $53,882,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MDU. Principal Securities Inc. boosted its holdings in MDU Resources Group by 164.4% in the fourth quarter. Principal Securities Inc. now owns 1,470 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 914 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in MDU Resources Group by 99.6% in the fourth quarter. V Square Quantitative Management LLC now owns 1,834 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 915 shares in the last quarter. Crews Bank & Trust bought a new position in MDU Resources Group during the 4th quarter valued at $39,000. Millburn Ridgefield Corp acquired a new position in MDU Resources Group during the 3rd quarter worth $82,000. Finally, Quest Partners LLC bought a new stake in shares of MDU Resources Group in the 3rd quarter worth about $83,000. Institutional investors and hedge funds own 71.44% of the company’s stock.

Insider Buying and Selling at MDU Resources Group

In other MDU Resources Group news, Director Dennis W. Johnson purchased 30,000 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were bought at an average price of $16.64 per share, with a total value of $499,200.00. Following the completion of the acquisition, the director now owns 180,166 shares in the company, valued at approximately $2,997,962.24. This represents a 19.98 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by company insiders.

MDU Resources Group Stock Performance

Shares of NYSE MDU opened at $16.67 on Friday. The stock has a market capitalization of $3.41 billion, a P/E ratio of 12.08, a P/E/G ratio of 2.76 and a beta of 0.81. The firm’s 50-day moving average price is $17.11 and its two-hundred day moving average price is $20.46. MDU Resources Group, Inc. has a 52-week low of $12.99 and a 52-week high of $20.39. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.73.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. MDU Resources Group had a return on equity of 10.20% and a net margin of 7.31%. As a group, sell-side analysts forecast that MDU Resources Group, Inc. will post 0.94 earnings per share for the current year.

MDU Resources Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.52 annualized dividend and a yield of 3.12%. MDU Resources Group’s dividend payout ratio is presently 37.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Jefferies Financial Group began coverage on MDU Resources Group in a research note on Wednesday, January 8th. They issued a “hold” rating and a $18.00 price target for the company. StockNews.com downgraded MDU Resources Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus 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.