Register Financial Advisors LLC Acquires 41,429 Shares of MDU Resources Group, Inc. (NYSE:MDU)

Register Financial Advisors LLC lifted its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 26.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 199,502 shares of the utilities provider’s stock after buying an additional 41,429 shares during the quarter. MDU Resources Group comprises approximately 1.8% of Register Financial Advisors LLC’s investment portfolio, making the stock its 11th largest holding. Register Financial Advisors LLC’s holdings in MDU Resources Group were worth $3,595,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MDU. State Street Corp raised its position in shares of MDU Resources Group by 1.8% during the third quarter. State Street Corp now owns 6,344,185 shares of the utilities provider’s stock worth $174,713,000 after purchasing an additional 114,719 shares during the period. Geode Capital Management LLC increased its stake in MDU Resources Group by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,719,543 shares of the utilities provider’s stock valued at $101,978,000 after purchasing an additional 65,433 shares in the last quarter. Hennessy Advisors Inc. raised its holdings in MDU Resources Group by 1,098.5% during the fourth quarter. Hennessy Advisors Inc. now owns 2,155,007 shares of the utilities provider’s stock worth $38,833,000 after buying an additional 1,975,200 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of MDU Resources Group by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,082,468 shares of the utilities provider’s stock valued at $57,080,000 after buying an additional 101,955 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of MDU Resources Group by 1.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,782,538 shares of the utilities provider’s stock valued at $48,859,000 after buying an additional 33,982 shares during the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MDU. StockNews.com initiated coverage on shares of MDU Resources Group in a report on Friday, January 3rd. They issued a “hold” rating on the stock. Jefferies Financial Group began coverage on MDU Resources Group in a report on Wednesday, January 8th. They set a “hold” rating and a $18.00 price target for the company. Siebert Williams Shank raised MDU Resources Group from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Monday, November 4th. Finally, Bank of America upgraded shares of MDU Resources Group from a “neutral” rating to a “buy” rating and lowered their target price for the company from $31.00 to $17.00 in a report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, MDU Resources Group presently has an average rating of “Moderate Buy” and a consensus price target of $21.00.

MDU Resources Group Stock Up 0.1 %

Shares of NYSE:MDU opened at $18.09 on Monday. The company has a market capitalization of $3.69 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 2.72 and a beta of 0.81. MDU Resources Group, Inc. has a 1 year low of $14.91 and a 1 year high of $30.52. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.07. The business has a fifty day moving average price of $18.66 and a two-hundred day moving average price of $23.09.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.32 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $969.17 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts forecast that MDU Resources Group, Inc. will post 1.09 earnings per share for the current year.

MDU Resources Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Thursday, December 12th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Thursday, December 12th. MDU Resources Group’s dividend payout ratio is currently 26.67%.

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.