Strs Ohio Has $86,000 Stake in MDU Resources Group, Inc. $MDU

Strs Ohio reduced its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU) by 94.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,849 shares of the utilities provider’s stock after selling 78,065 shares during the quarter. Strs Ohio’s holdings in MDU Resources Group were worth $86,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in MDU Resources Group during the 3rd quarter valued at $284,000. Arkadios Wealth Advisors raised its position in shares of MDU Resources Group by 2.8% in the third quarter. Arkadios Wealth Advisors now owns 26,280 shares of the utilities provider’s stock valued at $468,000 after purchasing an additional 724 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of MDU Resources Group by 2.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 22,414 shares of the utilities provider’s stock worth $408,000 after buying an additional 540 shares during the last quarter. Amalgamated Bank lifted its stake in shares of MDU Resources Group by 1.9% during the 3rd quarter. Amalgamated Bank now owns 62,733 shares of the utilities provider’s stock worth $1,117,000 after buying an additional 1,187 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of MDU Resources Group during the 3rd quarter worth about $285,000. Institutional investors own 71.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MDU. Zacks Research raised shares of MDU Resources Group from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. TD Cowen started coverage on MDU Resources Group in a research note on Thursday, October 16th. They set a “hold” rating and a $20.00 target price on the stock. Jefferies Financial Group boosted their price target on MDU Resources Group to $22.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Citigroup reiterated a “neutral” rating on shares of MDU Resources Group in a research report on Thursday, January 15th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of MDU Resources Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, MDU Resources Group currently has an average rating of “Hold” and an average target price of $21.00.

MDU Resources Group Price Performance

MDU Resources Group stock opened at $21.04 on Thursday. The firm has a market cap of $4.30 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 3.32 and a beta of 0.75. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.75 and a quick ratio of 0.69. The stock’s fifty day moving average price is $20.06 and its two-hundred day moving average price is $18.72. MDU Resources Group, Inc. has a one year low of $15.04 and a one year high of $21.49.

MDU Resources Group (NYSE:MDU) last released its earnings results on Thursday, November 6th. The utilities provider reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. MDU Resources Group had a return on equity of 6.81% and a net margin of 9.02%.The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.32 earnings per share. As a group, research analysts expect that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

MDU Resources Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Thursday, December 11th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $0.56 annualized dividend and a yield of 2.7%. MDU Resources Group’s dividend payout ratio is currently 67.47%.

MDU Resources Group Company Profile

MDU Resources Group, Inc is a diversified energy and services holding company headquartered in Bismarck, North Dakota. The company operates through two primary segments: Utilities and Construction Services and Pipelines & Midstream. Serving a broad geographic footprint across the upper Midwest and Pacific Northwest, MDU provides essential energy distribution and infrastructure services to residential, commercial and industrial customers.

The Utilities segment delivers electric and natural gas distribution services in Montana, North Dakota, South Dakota, Minnesota, Kansas, Wisconsin, Michigan and Washington.