Mdu Resources Group Inc (MDU) Shares Bought by Parallel Advisors LLC

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Parallel Advisors LLC lifted its stake in Mdu Resources Group Inc (NYSE:MDU) by 400.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,035 shares of the utilities provider’s stock after purchasing an additional 1,628 shares during the quarter. Parallel Advisors LLC’s holdings in Mdu Resources Group were worth $53,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in Mdu Resources Group by 4.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 825,409 shares of the utilities provider’s stock valued at $21,205,000 after acquiring an additional 36,016 shares during the period. Vanguard Group Inc lifted its position in Mdu Resources Group by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 21,140,280 shares of the utilities provider’s stock valued at $543,094,000 after acquiring an additional 523,599 shares during the period. State of Alaska Department of Revenue lifted its position in Mdu Resources Group by 61.4% during the 4th quarter. State of Alaska Department of Revenue now owns 32,608 shares of the utilities provider’s stock valued at $777,000 after acquiring an additional 12,403 shares during the period. Palisade Asset Management LLC lifted its position in Mdu Resources Group by 3.2% during the 4th quarter. Palisade Asset Management LLC now owns 42,190 shares of the utilities provider’s stock valued at $1,006,000 after acquiring an additional 1,290 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in Mdu Resources Group by 20.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 94,800 shares of the utilities provider’s stock valued at $2,260,000 after acquiring an additional 16,300 shares during the period. 65.20% of the stock is owned by hedge funds and other institutional investors.

In related news, Director David M. Sparby purchased 3,000 shares of Mdu Resources Group stock in a transaction dated Thursday, March 14th. The stock was purchased at an average cost of $25.75 per share, for a total transaction of $77,250.00. Following the completion of the purchase, the director now directly owns 4,726 shares of the company’s stock, valued at approximately $121,694.50. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.05% of the company’s stock.

Separately, Williams Capital reissued a “buy” rating on shares of Mdu Resources Group in a research report on Monday, March 18th.

Shares of Mdu Resources Group stock opened at $25.34 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.16 and a quick ratio of 0.87. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 2.41 and a beta of 0.67. Mdu Resources Group Inc has a 52-week low of $22.73 and a 52-week high of $29.62.

Mdu Resources Group (NYSE:MDU) last announced its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). Mdu Resources Group had a return on equity of 10.58% and a net margin of 5.83%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1,000.00 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. As a group, research analysts predict that Mdu Resources Group Inc will post 1.49 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Thursday, June 13th will be paid a $0.2025 dividend. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 3.20%. Mdu Resources Group’s dividend payout ratio is presently 58.70%.

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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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Institutional Ownership by Quarter for Mdu Resources Group (NYSE:MDU)

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