WINTON GROUP Ltd Invests $243,000 in MDU Resources Group Inc (MDU) Stock

WINTON GROUP Ltd purchased a new stake in MDU Resources Group Inc (NYSE:MDU) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,466 shares of the utilities provider’s stock, valued at approximately $243,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MDU. MERIAN GLOBAL INVESTORS UK Ltd lifted its stake in MDU Resources Group by 253.5% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,265,617 shares of the utilities provider’s stock valued at $32,513,000 after buying an additional 907,590 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in MDU Resources Group by 521.8% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 463,251 shares of the utilities provider’s stock valued at $13,286,000 after buying an additional 388,750 shares in the last quarter. Renaissance Technologies LLC lifted its stake in MDU Resources Group by 878.4% in the second quarter. Renaissance Technologies LLC now owns 391,350 shares of the utilities provider’s stock valued at $11,224,000 after buying an additional 351,350 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in MDU Resources Group by 34.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,334,976 shares of the utilities provider’s stock valued at $38,288,000 after buying an additional 340,491 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in MDU Resources Group by 1.6% in the second quarter. BlackRock Inc. now owns 17,393,282 shares of the utilities provider’s stock valued at $498,839,000 after buying an additional 277,676 shares in the last quarter. 63.81% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MDU opened at $25.89 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.30 and a current ratio of 1.67. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 18.59, a P/E/G ratio of 2.87 and a beta of 0.52. MDU Resources Group Inc has a twelve month low of $24.29 and a twelve month high of $29.62.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings data on Wednesday, October 31st. The utilities provider reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.01). The business had revenue of $1.28 billion during the quarter. MDU Resources Group had a return on equity of 10.95% and a net margin of 6.88%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 earnings per share. Analysts anticipate that MDU Resources Group Inc will post 1.37 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 1st. Stockholders of record on Thursday, December 13th will be given a $0.2025 dividend. This represents a $0.81 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Wednesday, December 12th. This is a positive change from MDU Resources Group’s previous quarterly dividend of $0.20. MDU Resources Group’s payout ratio is currently 63.20%.

Separately, Citigroup lifted their price target on shares of MDU Resources Group from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, July 31st. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $29.25.

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MDU Resources Group 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.

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

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