State of Alaska Department of Revenue Has $2.09 Million Stock Holdings in MDU Resources Group, Inc. (NYSE:MDU)

State of Alaska Department of Revenue grew its holdings in MDU Resources Group, Inc. (NYSE:MDU) by 391.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 115,874 shares of the utilities provider’s stock after buying an additional 92,289 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of MDU Resources Group worth $2,088,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of MDU Resources Group in the third quarter valued at $25,000. Venturi Wealth Management LLC increased its stake in shares of MDU Resources Group by 158.9% in the third quarter. Venturi Wealth Management LLC now owns 1,196 shares of the utilities provider’s stock valued at $33,000 after buying an additional 734 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of MDU Resources Group in the third quarter valued at $40,000. Crews Bank & Trust acquired a new stake in shares of MDU Resources Group in the fourth quarter valued at $39,000. Finally, Blue Trust Inc. increased its stake in shares of MDU Resources Group by 238.1% in the third quarter. Blue Trust Inc. now owns 2,935 shares of the utilities provider’s stock valued at $74,000 after buying an additional 2,067 shares in the last quarter. 71.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other MDU Resources Group news, Director Dennis W. Johnson acquired 30,000 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were acquired at an average price of $16.64 per share, for a total transaction of $499,200.00. Following the acquisition, the director now directly owns 180,166 shares of the company’s stock, valued at approximately $2,997,962.24. This trade represents a 19.98 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

MDU Resources Group Price Performance

Shares of MDU opened at $16.46 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.73. MDU Resources Group, Inc. has a 1 year low of $14.91 and a 1 year high of $30.52. The stock has a market cap of $3.35 billion, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 2.61 and a beta of 0.80. The stock’s 50-day moving average price is $18.26 and its two-hundred day moving average price is $22.48.

MDU Resources Group (NYSE:MDU) last issued its earnings results on Thursday, February 6th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. MDU Resources Group had a return on equity of 10.20% and a net margin of 7.31%. On average, equities analysts predict that MDU Resources Group, Inc. will post 0.95 earnings per share for the current year.

MDU Resources Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Thursday, December 12th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Thursday, December 12th. MDU Resources Group’s dividend payout ratio (DPR) is presently 37.68%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MDU. Bank of America upgraded MDU Resources Group from a “neutral” rating to a “buy” rating and decreased their price target for the company from $31.00 to $17.00 in a report on Tuesday, November 5th. Jefferies Financial Group began coverage on MDU Resources Group in a report on Wednesday, January 8th. They issued a “hold” rating and a $18.00 price target on the stock. Siebert Williams Shank upgraded MDU Resources Group from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Monday, November 4th. Finally, StockNews.com cut MDU Resources Group from a “hold” rating to a “sell” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $21.00.

MDU Resources Group Profile

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.