TIAA CREF Trust Co. FSB MO raised its position in MDU Resources Group Inc. (NYSE:MDU) by 17.2% during the third quarter, Holdings Channel reports. The firm owned 29,599 shares of the company’s stock after buying an additional 4,340 shares during the period. TIAA CREF Trust Co. FSB MO’s holdings in MDU Resources Group were worth $753,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of the company. Barclays PLC increased its stake in MDU Resources Group by 30.0% in the second quarter. Barclays PLC now owns 4,736 shares of the company’s stock worth $114,000 after buying an additional 1,094 shares during the period. MSI Financial Services Inc boosted its position in shares of MDU Resources Group by 0.4% in the third quarter. MSI Financial Services Inc now owns 5,077 shares of the company’s stock worth $129,000 after buying an additional 18 shares in the last quarter. Sei Investments Co. boosted its position in shares of MDU Resources Group by 1,849.4% in the second quarter. Sei Investments Co. now owns 6,004 shares of the company’s stock worth $144,000 after buying an additional 5,696 shares in the last quarter. Pacad Investment Ltd. purchased a new position in shares of MDU Resources Group during the second quarter worth about $149,000. Finally, Walleye Trading LLC boosted its position in shares of MDU Resources Group by 3,363.5% in the second quarter. Walleye Trading LLC now owns 6,527 shares of the company’s stock worth $157,000 after buying an additional 6,727 shares in the last quarter. 64.75% of the stock is owned by institutional investors and hedge funds.
MDU Resources Group Inc. (NYSE:MDU) traded up 1.46% on Monday, hitting $28.52. 355,623 shares of the stock traded hands. MDU Resources Group Inc. has a 1-year low of $15.58 and a 1-year high of $28.67. The stock has a 50-day moving average price of $26.22 and a 200 day moving average price of $24.23. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 110.12 and a beta of 0.81.
MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The business earned $1.21 billion during the quarter, compared to analyst estimates of $1.29 billion. MDU Resources Group had a net margin of 1.21% and a return on equity of 9.16%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the business earned $0.38 EPS. On average, analysts anticipate that MDU Resources Group Inc. will post $1.13 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Investors of record on Thursday, December 8th will be issued a $0.1925 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Tuesday, December 6th. This is a positive change from MDU Resources Group’s previous quarterly dividend of $0.19. MDU Resources Group’s dividend payout ratio (DPR) is 288.47%.
A number of brokerages recently issued reports on MDU. Zacks Investment Research cut shares of MDU Resources Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 8th. Williams Capital restated a “buy” rating on shares of MDU Resources Group in a report on Friday, August 12th. Finally, DA Davidson restated a “hold” rating on shares of MDU Resources Group in a report on Monday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. MDU Resources Group has an average rating of “Hold” and a consensus price target of $22.25.
About MDU Resources Group
MDU Resources Group, Inc is a diversified natural resource company. Montana-Dakota Utilities Co (Montana-Dakota) is a public utility division of the Company. Montana-Dakota, through the electric and natural gas distribution segments, generates, transmits and distributes electricity and distributes natural gas.