MDU Resources Group, Inc. (NYSE:MDU) Shares Acquired by Sei Investments Co.

Sei Investments Co. lifted its position in MDU Resources Group, Inc. (NYSE:MDU) by 26.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 119,398 shares of the utilities provider’s stock after acquiring an additional 24,733 shares during the period. Sei Investments Co.’s holdings in MDU Resources Group were worth $2,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of MDU Resources Group by 1.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 482,839 shares of the utilities provider’s stock valued at $13,235,000 after purchasing an additional 8,281 shares during the period. Walleye Capital LLC purchased a new stake in MDU Resources Group in the third quarter valued at $764,000. Verition Fund Management LLC acquired a new stake in MDU Resources Group during the 3rd quarter worth about $1,302,000. HighTower Advisors LLC raised its stake in shares of MDU Resources Group by 2.0% during the 3rd quarter. HighTower Advisors LLC now owns 32,739 shares of the utilities provider’s stock valued at $896,000 after buying an additional 641 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of MDU Resources Group by 12.3% in the 3rd quarter. Quantinno Capital Management LP now owns 54,049 shares of the utilities provider’s stock valued at $1,482,000 after buying an additional 5,911 shares during the period. Hedge funds and other institutional investors own 71.44% of the company’s stock.

MDU Resources Group Stock Down 4.5 %

MDU opened at $16.04 on Friday. The company has a market cap of $3.28 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 2.76 and a beta of 0.68. MDU Resources Group, Inc. has a twelve month low of $12.99 and a twelve month high of $20.39. The company has a 50-day moving average price of $16.96 and a 200 day moving average price of $20.09. 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 announced its earnings results on Thursday, February 6th. The utilities provider reported $0.34 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%. Sell-side analysts expect that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.52 annualized dividend and a yield of 3.24%. MDU Resources Group’s dividend payout ratio (DPR) is presently 37.68%.

Analysts Set New Price Targets

Several analysts recently commented on MDU shares. Jefferies Financial Group assumed coverage on MDU Resources Group in a report on Wednesday, January 8th. They set a “hold” rating and a $18.00 target price on the stock. StockNews.com lowered shares of 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 assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $21.00.

Insider Transactions at MDU Resources Group

In related news, Director Dennis W. Johnson acquired 30,000 shares of MDU Resources Group stock in a transaction that occurred on Monday, February 10th. The shares were purchased at an average price of $16.64 per share, for a total transaction of $499,200.00. Following the completion of the transaction, the director now owns 180,166 shares in the company, valued at $2,997,962.24. This represents a 19.98 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.00% of the company’s 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.