Planned Solutions Inc. Acquires New Stake in MDU Resources Group, Inc. (NYSE:MDU)

Planned Solutions Inc. acquired a new stake in shares of MDU Resources Group, Inc. (NYSE:MDUFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,325 shares of the utilities provider’s stock, valued at approximately $66,000.

Several other large investors also recently added to or reduced their stakes in MDU. Belpointe Asset Management LLC boosted its stake in MDU Resources Group by 59.7% during the first quarter. Belpointe Asset Management LLC now owns 1,070 shares of the utilities provider’s stock valued at $33,000 after buying an additional 400 shares during the period. Money Concepts Capital Corp bought a new stake in MDU Resources Group during the fourth quarter worth about $33,000. Itau Unibanco Holding S.A. bought a new stake in MDU Resources Group during the second quarter worth about $39,000. Stonebridge Capital Advisors LLC lifted its stake in MDU Resources Group by 71.0% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 1,325 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 550 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in MDU Resources Group by 75.8% during the second quarter. Farther Finance Advisors LLC now owns 1,994 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 860 shares during the last quarter. Institutional investors own 71.44% of the company’s stock.

MDU Resources Group Trading Up 2.9 %

NYSE MDU opened at $25.20 on Friday. MDU Resources Group, Inc. has a 1-year low of $18.04 and a 1-year high of $25.23. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average of $21.24 and a 200-day moving average of $19.95. The firm has a market cap of $5.13 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 2.55 and a beta of 0.76.

MDU Resources Group (NYSE:MDUGet Free Report) last released its earnings results on Thursday, February 8th. The utilities provider reported $0.48 earnings per share for the quarter. MDU Resources Group had a return on equity of 8.84% and a net margin of 8.35%. The company had revenue of $1.14 billion during the quarter. As a group, sell-side analysts forecast that MDU Resources Group, Inc. will post 1.52 EPS for the current year.

MDU Resources Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Thursday, March 14th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Wednesday, March 13th. MDU Resources Group’s dividend payout ratio (DPR) is presently 24.51%.

Analyst Ratings Changes

Separately, raised MDU Resources Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st.

View Our Latest Research Report on MDU

About MDU Resources Group

(Free Report)

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 82 transmission and 298 distribution substations.

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

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