10,224 Shares in MDU Resources Group, Inc. (NYSE:MDU) Bought by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. acquired a new position in shares of MDU Resources Group, Inc. (NYSE:MDU) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,224 shares of the utilities provider’s stock, valued at approximately $173,000.

A number of other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of MDU Resources Group by 5,682.0% during the 1st quarter. GAMMA Investing LLC now owns 31,165 shares of the utilities provider’s stock worth $527,000 after purchasing an additional 30,626 shares during the period. Bank of New York Mellon Corp lifted its stake in MDU Resources Group by 18.2% in the fourth quarter. Bank of New York Mellon Corp now owns 2,110,595 shares of the utilities provider’s stock worth $38,033,000 after purchasing an additional 324,757 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of MDU Resources Group during the fourth quarter valued at approximately $185,000. Commonwealth Equity Services LLC grew its stake in shares of MDU Resources Group by 5.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 148,911 shares of the utilities provider’s stock valued at $2,683,000 after buying an additional 8,214 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of MDU Resources Group by 16.6% during the fourth quarter. Vanguard Group Inc. now owns 22,997,452 shares of the utilities provider’s stock valued at $414,414,000 after buying an additional 3,276,114 shares during the last quarter. Institutional investors own 71.44% of the company’s stock.

MDU Resources Group Price Performance

MDU Resources Group stock opened at $16.81 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.85 and a quick ratio of 0.82. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 2.73 and a beta of 0.70. The firm has a 50-day moving average of $16.90 and a two-hundred day moving average of $17.11. MDU Resources Group, Inc. has a 1 year low of $13.23 and a 1 year high of $20.39.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $674.80 million during the quarter, compared to analyst estimates of $653.13 million. MDU Resources Group had a return on equity of 9.86% and a net margin of 7.93%. MDU Resources Group’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 earnings per share. On average, research analysts forecast that MDU Resources Group, Inc. will post 0.94 earnings per share for the current year.

MDU Resources Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Thursday, June 12th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.09%. MDU Resources Group’s dividend payout ratio is currently 40.31%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded MDU Resources Group from a “sell” rating to a “hold” rating in a report on Monday, May 12th.

MDU Resources Group 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.