John G Ullman & Associates Inc. Has $11.04 Million Stake in MDU Resources Group, Inc. (NYSE:MDU)

John G Ullman & Associates Inc. cut its holdings in MDU Resources Group, Inc. (NYSE:MDU) by 0.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 402,782 shares of the utilities provider’s stock after selling 3,827 shares during the period. MDU Resources Group accounts for approximately 1.6% of John G Ullman & Associates Inc.’s portfolio, making the stock its 16th biggest holding. John G Ullman & Associates Inc. owned 0.20% of MDU Resources Group worth $11,040,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. V Square Quantitative Management LLC bought a new position in MDU Resources Group in the 3rd quarter worth approximately $25,000. Atlas Capital Advisors LLC bought a new position in MDU Resources Group during the second quarter worth $27,000. Venturi Wealth Management LLC raised its stake in MDU Resources Group by 158.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,196 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 734 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in MDU Resources Group in the 3rd quarter valued at $40,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in MDU Resources Group by 23.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,142 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 413 shares during the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Bank of America raised shares of MDU Resources Group from a “neutral” rating to a “buy” rating and cut their price objective for the company from $31.00 to $17.00 in a research report on Tuesday, November 5th. 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 report on Monday, November 4th. Finally, StockNews.com began coverage on MDU Resources Group in a research report on Tuesday, November 5th. They issued a “hold” rating for the company.

MDU Resources Group Price Performance

Shares of MDU Resources Group stock opened at $18.78 on Thursday. The firm has a market cap of $3.83 billion, a P/E ratio of 9.63, a price-to-earnings-growth ratio of 2.42 and a beta of 0.76. The firm’s 50-day simple moving average is $25.21 and its 200-day simple moving average is $25.24. MDU Resources Group, Inc. has a twelve month low of $14.91 and a twelve month high of $30.52. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.07 and a current ratio of 1.15.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. MDU Resources Group had a return on equity of 11.24% and a net margin of 8.92%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $969.17 million. During the same period in the previous year, the business earned $0.29 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, research analysts expect that MDU Resources Group, Inc. will post 1.13 EPS for the current fiscal year.

MDU Resources Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Thursday, December 12th will be paid a $0.13 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.52 annualized dividend and a dividend yield of 2.77%. MDU Resources Group’s dividend payout ratio is presently 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.