MDU Resources Group (NYSE:MDU) Shares Gap Down to $19.66

MDU Resources Group, Inc. (NYSE:MDUGet Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $19.66, but opened at $19.08. MDU Resources Group shares last traded at $19.57, with a volume of 116,866 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of MDU Resources Group from a “hold” rating to a “buy” rating in a report on Friday.

Check Out Our Latest Analysis on MDU Resources Group

MDU Resources Group Stock Up 2.4 %

The company has a quick ratio of 1.22, a current ratio of 1.29 and a debt-to-equity ratio of 0.83. The stock has a market cap of $4.15 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 2.23 and a beta of 0.75. The firm has a fifty day moving average of $19.53 and a 200 day moving average of $19.67.

MDU Resources Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Thursday, December 14th were issued a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.46%. MDU Resources Group’s payout ratio is currently 24.51%.

Hedge Funds Weigh In On MDU Resources Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC lifted its position in shares of MDU Resources Group by 22.5% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,909 shares of the utilities provider’s stock worth $58,000 after buying an additional 350 shares during the last quarter. Belpointe Asset Management LLC lifted its position in MDU Resources Group by 59.7% in the first quarter. Belpointe Asset Management LLC now owns 1,070 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 400 shares during the last quarter. Adalta Capital Management LLC boosted its stake in MDU Resources Group by 9.1% in the first quarter. Adalta Capital Management LLC now owns 6,000 shares of the utilities provider’s stock valued at $184,000 after acquiring an additional 500 shares in the last quarter. Eaton Vance Management grew its holdings in shares of MDU Resources Group by 0.4% during the first quarter. Eaton Vance Management now owns 116,518 shares of the utilities provider’s stock worth $3,105,000 after purchasing an additional 507 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of MDU Resources Group by 1.0% during the third quarter. Thrivent Financial for Lutherans now owns 54,190 shares of the utilities provider’s stock worth $1,482,000 after purchasing an additional 512 shares in the last quarter. 71.24% of the stock is owned by institutional investors and hedge funds.

About MDU Resources Group

(Get 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 five segments: Electric, Natural Gas Distribution, Pipeline, Construction Materials and Contracting, 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 84 transmission and 294 distribution substations.

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