Brady Martz Wealth Solutions LLC Takes $494,000 Position in MDU Resources Group, Inc. (NYSE:MDU)

Brady Martz Wealth Solutions LLC acquired a new position in MDU Resources Group, Inc. (NYSE:MDU) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 27,240 shares of the utilities provider’s stock, valued at approximately $494,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDU. V Square Quantitative Management LLC bought a new position in MDU Resources Group during the 3rd quarter worth approximately $25,000. Venturi Wealth Management LLC boosted its stake in shares of MDU Resources Group by 158.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,196 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 734 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of MDU Resources Group during the third quarter worth $40,000. Northwestern Mutual Wealth Management Co. raised its stake in MDU Resources Group by 23.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,142 shares of the utilities provider’s stock worth $54,000 after buying an additional 413 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in 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 during the period. 71.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on MDU. StockNews.com started coverage on MDU Resources Group in a research report on Friday, January 3rd. They issued a “hold” rating for the company. Bank of America upgraded MDU Resources Group from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $31.00 to $17.00 in a report on Tuesday, November 5th. 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, Jefferies Financial Group initiated coverage on shares of MDU Resources Group in a research note on Wednesday, January 8th. They issued a “hold” rating and a $18.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.00.

MDU Resources Group Trading Down 0.6 %

NYSE MDU opened at $18.34 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.73. MDU Resources Group, Inc. has a 52 week low of $14.91 and a 52 week high of $30.52. The business has a 50 day moving average price of $18.65 and a 200-day moving average price of $23.32. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 9.41, a P/E/G ratio of 2.65 and a beta of 0.81.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. MDU Resources Group had a net margin of 8.92% and a return on equity of 11.24%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $969.17 million. During the same quarter in the previous year, the business posted $0.29 EPS. MDU Resources Group’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, equities analysts expect that MDU Resources Group, Inc. will post 1.09 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Thursday, December 12th were given a $0.13 dividend. The ex-dividend date was Thursday, December 12th. This represents a $0.52 annualized dividend and a yield of 2.83%. MDU Resources Group’s payout ratio is 26.67%.

MDU Resources Group Company 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.