MDU Resources Group, Inc. (NYSE:MDU) Stock Holdings Lessened by WINTON GROUP Ltd

WINTON GROUP Ltd lowered its position in MDU Resources Group, Inc. (NYSE:MDUGet Rating) by 48.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,653 shares of the utilities provider’s stock after selling 9,903 shares during the period. WINTON GROUP Ltd’s holdings in MDU Resources Group were worth $288,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in MDU Resources Group by 12.5% in the first quarter. State Street Corp now owns 15,468,160 shares of the utilities provider’s stock worth $415,454,000 after buying an additional 1,716,930 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in MDU Resources Group by 10.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,481,991 shares of the utilities provider’s stock worth $119,443,000 after buying an additional 418,409 shares during the last quarter. Invesco Ltd. grew its holdings in MDU Resources Group by 55.2% during the first quarter. Invesco Ltd. now owns 1,852,604 shares of the utilities provider’s stock valued at $49,372,000 after purchasing an additional 659,078 shares during the last quarter. River Road Asset Management LLC acquired a new position in MDU Resources Group during the second quarter valued at approximately $49,995,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in MDU Resources Group by 4.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,787,922 shares of the utilities provider’s stock valued at $47,648,000 after purchasing an additional 68,904 shares during the last quarter. Institutional investors and hedge funds own 71.32% of the company’s stock.

MDU Resources Group Stock Up 2.2 %

MDU opened at $30.57 on Monday. MDU Resources Group, Inc. has a 1-year low of $24.92 and a 1-year high of $32.19. The company has a current ratio of 1.38, a quick ratio of 1.11 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 2.98 and a beta of 0.72. The business has a 50 day moving average of $28.76 and a 200-day moving average of $28.27.

MDU Resources Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Stockholders of record on Thursday, December 8th will be given a $0.2225 dividend. This represents a $0.89 annualized dividend and a dividend yield of 2.91%. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, December 7th. MDU Resources Group’s dividend payout ratio is currently 52.41%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MDU shares. Bank of America downgraded MDU Resources Group from a “neutral” rating to an “underperform” rating in a report on Monday, October 24th. StockNews.com started coverage on MDU Resources Group in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Citigroup increased their price target on MDU Resources Group to $31.00 in a report on Monday, August 15th.

MDU Resources Group Company Profile

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MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. The company's Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming, as well as operates 3,500 miles of transmission lines and 4,800 miles of distribution lines.

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

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