Rob L. Johnson Buys 36,291 Shares of MDU Resources Group, Inc. (NYSE:MDU) Stock

MDU Resources Group, Inc. (NYSE:MDU) insider Rob L. Johnson acquired 36,291 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were acquired at an average price of $25.46 per share, with a total value of $923,968.86. Following the completion of the purchase, the insider now owns 41,934 shares of the company’s stock, valued at $1,067,639.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

MDU Resources Group Stock Up 0.0 %

Shares of NYSE:MDU traded up $0.01 on Wednesday, reaching $25.41. The company had a trading volume of 817,423 shares, compared to its average volume of 1,260,749. The stock has a market capitalization of $5.18 billion, a P/E ratio of 10.87, a P/E/G ratio of 2.69 and a beta of 0.78. The stock has a 50-day moving average price of $23.81 and a 200 day moving average price of $20.98. MDU Resources Group, Inc. has a twelve month low of $18.04 and a twelve month high of $25.78. The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.78.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. MDU Resources Group had a return on equity of 11.42% and a net margin of 10.74%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the business earned $0.23 earnings per share. The business’s revenue was down 15.1% on a year-over-year basis. On average, equities analysts expect that MDU Resources Group, Inc. will post 1.55 EPS for the current year.

MDU Resources Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Thursday, March 14th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.97%. MDU Resources Group’s payout ratio is presently 21.37%.

Institutional Investors Weigh In On MDU Resources Group

Large investors have recently made changes to their positions in the stock. Graham Capital Management L.P. bought a new position in shares of MDU Resources Group in the third quarter worth $958,000. American Century Companies Inc. boosted its holdings in MDU Resources Group by 986.4% in the third quarter. American Century Companies Inc. now owns 532,361 shares of the utilities provider’s stock worth $10,424,000 after acquiring an additional 483,358 shares in the last quarter. Oak Thistle LLC boosted its stake in MDU Resources Group by 248.4% during the 4th quarter. Oak Thistle LLC now owns 56,077 shares of the utilities provider’s stock valued at $1,110,000 after purchasing an additional 39,980 shares during the last quarter. River Road Asset Management LLC raised its holdings in shares of MDU Resources Group by 49.6% in the fourth quarter. River Road Asset Management LLC now owns 2,931,590 shares of the utilities provider’s stock valued at $58,045,000 after purchasing an additional 972,540 shares during the last quarter. Finally, FMR LLC lifted its holdings in MDU Resources Group by 48.7% during the third quarter. FMR LLC now owns 3,585,707 shares of the utilities provider’s stock worth $70,208,000 after acquiring an additional 1,174,799 shares during the period. Institutional investors and hedge funds own 71.44% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered MDU Resources Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd.

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.