Guggenheim Capital LLC Sells 166,018 Shares of MDU Resources (NYSE:MDU)

Guggenheim Capital LLC lowered its stake in MDU Resources (NYSE:MDU) by 62.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 101,380 shares of the utilities provider’s stock after selling 166,018 shares during the quarter. Guggenheim Capital LLC owned about 0.05% of MDU Resources worth $2,725,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of MDU. Raymond James Financial Services Advisors Inc. grew its stake in MDU Resources by 6.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 34,558 shares of the utilities provider’s stock valued at $929,000 after purchasing an additional 2,047 shares in the last quarter. Moors & Cabot Inc. grew its position in shares of MDU Resources by 7.5% in the 3rd quarter. Moors & Cabot Inc. now owns 29,921 shares of the utilities provider’s stock worth $775,000 after acquiring an additional 2,100 shares in the last quarter. California Public Employees Retirement System grew its position in shares of MDU Resources by 0.4% in the 4th quarter. California Public Employees Retirement System now owns 523,390 shares of the utilities provider’s stock worth $14,069,000 after acquiring an additional 2,110 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in shares of MDU Resources by 2.8% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 80,090 shares of the utilities provider’s stock worth $2,141,000 after acquiring an additional 2,145 shares in the last quarter. Finally, Amalgamated Bank grew its position in shares of MDU Resources by 6.0% in the 4th quarter. Amalgamated Bank now owns 39,260 shares of the utilities provider’s stock worth $1,055,000 after acquiring an additional 2,207 shares in the last quarter. Institutional investors and hedge funds own 64.02% of the company’s stock.

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Several research analysts have recently commented on MDU shares. Zacks Investment Research upgraded MDU Resources from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Williams Capital decreased their target price on MDU Resources from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Finally, ValuEngine upgraded MDU Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $29.17.

Shares of MDU opened at $28.15 on Wednesday. The company has a market capitalization of $5,484.15, a PE ratio of 22.52, a PEG ratio of 2.44 and a beta of 0.69. The company has a quick ratio of 1.04, a current ratio of 1.32 and a debt-to-equity ratio of 0.64. MDU Resources has a 52 week low of $24.29 and a 52 week high of $28.54.

MDU Resources (NYSE:MDU) last announced its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.07. The business had revenue of $1.17 billion for the quarter. MDU Resources had a return on equity of 10.46% and a net margin of 6.33%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the business posted $0.33 EPS. equities analysts expect that MDU Resources will post 1.38 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Sunday, April 1st. Investors of record on Thursday, March 8th were issued a $0.1975 dividend. This represents a $0.79 annualized dividend and a dividend yield of 2.81%. The ex-dividend date was Wednesday, March 7th. MDU Resources’s dividend payout ratio (DPR) is 63.20%.

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MDU Resources Profile

MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services.

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

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