Mdu Resources Group Inc (MDU) Stake Raised by Frontier Capital Management Co. LLC

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Frontier Capital Management Co. LLC grew its position in shares of Mdu Resources Group Inc (NYSE:MDU) by 3.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,237,915 shares of the utilities provider’s stock after buying an additional 82,726 shares during the quarter. Frontier Capital Management Co. LLC’s holdings in Mdu Resources Group were worth $57,805,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. First PREMIER Bank grew its holdings in shares of Mdu Resources Group by 0.9% during the first quarter. First PREMIER Bank now owns 46,156 shares of the utilities provider’s stock valued at $1,193,000 after buying an additional 422 shares during the last quarter. Gs Investments Inc. grew its holdings in shares of Mdu Resources Group by 6.5% during the first quarter. Gs Investments Inc. now owns 7,260 shares of the utilities provider’s stock valued at $188,000 after buying an additional 440 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Mdu Resources Group by 21.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,797 shares of the utilities provider’s stock valued at $67,000 after buying an additional 497 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Mdu Resources Group by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 52,500 shares of the utilities provider’s stock valued at $1,356,000 after buying an additional 500 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Mdu Resources Group by 3.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,618 shares of the utilities provider’s stock valued at $396,000 after buying an additional 627 shares during the last quarter. Hedge funds and other institutional investors own 65.20% of the company’s stock.

Shares of Mdu Resources Group stock opened at $25.35 on Friday. The company has a market cap of $5.02 billion, a P/E ratio of 18.37, a P/E/G ratio of 2.39 and a beta of 0.67. Mdu Resources Group Inc has a twelve month low of $22.73 and a twelve month high of $29.62. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.87 and a current ratio of 1.16.

Mdu Resources Group (NYSE:MDU) last issued its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.03). The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1,000.00 million. Mdu Resources Group had a net margin of 5.83% and a return on equity of 10.58%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the company earned $0.22 EPS. On average, research analysts anticipate that Mdu Resources Group Inc will post 1.49 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, June 13th will be given a dividend of $0.2025 per share. The ex-dividend date is Wednesday, June 12th. This represents a $0.81 dividend on an annualized basis and a yield of 3.20%. Mdu Resources Group’s dividend payout ratio (DPR) is 58.70%.

In related news, Director David M. Sparby acquired 3,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average price of $25.75 per share, for a total transaction of $77,250.00. Following the completion of the transaction, the director now directly owns 4,726 shares in the company, valued at $121,694.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.05% of the stock is owned by corporate insiders.

Separately, Williams Capital reiterated a “buy” rating on shares of Mdu Resources Group in a report on Monday, March 18th.

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Mdu Resources Group Profile

MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. It operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming.

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Institutional Ownership by Quarter for Mdu Resources Group (NYSE:MDU)

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