StockNews.com Upgrades MDU Resources Group (NYSE:MDU) to Buy

StockNews.com upgraded shares of MDU Resources Group (NYSE:MDUFree Report) from a hold rating to a buy rating in a report released on Friday.

MDU Resources Group Stock Up 1.2 %

NYSE:MDU opened at $20.60 on Friday. MDU Resources Group has a 1-year low of $18.04 and a 1-year high of $22.55. The company has a 50-day moving average of $19.56 and a 200 day moving average of $19.62. The firm has a market cap of $4.19 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 2.29 and a beta of 0.75. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.29 and a quick ratio of 1.22.

MDU Resources Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 1st. Shareholders 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 yield of 2.43%. MDU Resources Group’s dividend payout ratio is presently 24.51%.

Hedge Funds Weigh In On MDU Resources Group

A number of large investors have recently added to or reduced their stakes in the company. TFO Wealth Partners LLC increased its holdings in shares of MDU Resources Group by 16,070.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,617 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 1,607 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of MDU Resources Group by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 89,606 shares of the utilities provider’s stock valued at $1,774,000 after acquiring an additional 870 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of MDU Resources Group during the fourth quarter valued at about $1,271,000. Hudson Value Partners LLC increased its holdings in shares of MDU Resources Group by 27.9% during the fourth quarter. Hudson Value Partners LLC now owns 210,026 shares of the utilities provider’s stock valued at $4,159,000 after acquiring an additional 45,782 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of MDU Resources Group during the fourth quarter valued at about $104,000. 71.24% of the stock is currently owned by institutional investors.

About MDU Resources Group

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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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