MDU Resources Group, Inc. (NYSE:MDU) Shares Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC lifted its position in MDU Resources Group, Inc. (NYSE:MDU) by 0.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 169,263 shares of the utilities provider’s stock after acquiring an additional 868 shares during the quarter. Bleakley Financial Group LLC’s holdings in MDU Resources Group were worth $4,640,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MDU. Atlas Capital Advisors LLC acquired a new stake in MDU Resources Group in the second quarter worth $27,000. Northwestern Mutual Wealth Management Co. boosted its stake in MDU Resources Group by 23.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,142 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 413 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of MDU Resources Group in the second quarter valued at approximately $163,000. Point72 DIFC Ltd bought a new stake in shares of MDU Resources Group during the second quarter valued at approximately $181,000. Finally, IVC Wealth Advisors LLC bought a new position in MDU Resources Group in the 1st quarter worth approximately $202,000. 71.44% of the stock is currently owned by institutional investors.

MDU Resources Group Price Performance

Shares of MDU opened at $30.29 on Friday. MDU Resources Group, Inc. has a fifty-two week low of $18.04 and a fifty-two week high of $30.52. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.15. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of 2.66 and a beta of 0.77. The business’s 50-day moving average is $26.39 and its 200-day moving average is $25.60.

MDU Resources Group (NYSE:MDU) last posted its earnings results on Thursday, August 8th. The utilities provider reported $0.32 EPS for the quarter, topping the consensus estimate of $0.21 by $0.11. MDU Resources Group had a net margin of 9.25% and a return on equity of 11.29%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the business posted $0.29 earnings per share. The business’s quarterly revenue was down 4.0% on a year-over-year basis. Equities research analysts expect that MDU Resources Group, Inc. will post 1.58 EPS for the current fiscal year.

MDU Resources Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Thursday, September 12th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.72%. The ex-dividend date was Thursday, September 12th. This is a positive change from MDU Resources Group’s previous quarterly dividend of $0.13. MDU Resources Group’s dividend payout ratio (DPR) is presently 22.22%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on MDU Resources Group in a research note on Saturday, October 12th. They issued a “hold” rating on the stock.

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.