Ingalls & Snyder LLC Buys 2,375 Shares of Mdu Resources Group Inc (NYSE:MDU)

Ingalls & Snyder LLC raised its holdings in shares of Mdu Resources Group Inc (NYSE:MDU) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,970 shares of the utilities provider’s stock after buying an additional 2,375 shares during the quarter. Ingalls & Snyder LLC’s holdings in Mdu Resources Group were worth $1,009,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the stock. 6 Meridian grew its position in Mdu Resources Group by 2.6% during the third quarter. 6 Meridian now owns 20,316 shares of the utilities provider’s stock worth $573,000 after buying an additional 522 shares in the last quarter. Eqis Capital Management Inc. grew its position in Mdu Resources Group by 5.3% during the third quarter. Eqis Capital Management Inc. now owns 11,377 shares of the utilities provider’s stock worth $321,000 after buying an additional 570 shares in the last quarter. California State Teachers Retirement System grew its position in Mdu Resources Group by 0.3% during the third quarter. California State Teachers Retirement System now owns 313,442 shares of the utilities provider’s stock worth $8,836,000 after buying an additional 845 shares in the last quarter. Magnetar Financial LLC grew its position in Mdu Resources Group by 10.8% during the second quarter. Magnetar Financial LLC now owns 8,710 shares of the utilities provider’s stock worth $225,000 after buying an additional 849 shares in the last quarter. Finally, Usca Ria LLC purchased a new position in Mdu Resources Group during the third quarter worth about $25,000. Institutional investors and hedge funds own 68.04% of the company’s stock.

MDU opened at $29.22 on Thursday. The stock has a 50-day moving average price of $29.21 and a 200-day moving average price of $27.85. Mdu Resources Group Inc has a 12-month low of $24.19 and a 12-month high of $29.83. The company has a current ratio of 1.41, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $5.80 billion, a P/E ratio of 21.17, a PEG ratio of 2.84 and a beta of 0.68.

Mdu Resources Group (NYSE:MDU) last posted its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.08. Mdu Resources Group had a return on equity of 11.90% and a net margin of 6.17%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the business earned $0.55 EPS. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, equities research analysts predict that Mdu Resources Group Inc will post 1.6 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Thursday, December 12th were issued a $0.2075 dividend. This is a boost from Mdu Resources Group’s previous quarterly dividend of $0.20. This represents a $0.83 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend was Wednesday, December 11th. Mdu Resources Group’s dividend payout ratio is presently 60.14%.

About Mdu Resources Group

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.

Further Reading: Cash Flow

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

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