GSA Capital Partners LLP Acquires Shares of 74,401 MDU Resources Group, Inc. (NYSE:MDU)

GSA Capital Partners LLP acquired a new stake in MDU Resources Group, Inc. (NYSE:MDU) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 74,401 shares of the utilities provider’s stock, valued at approximately $2,039,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its position in shares of MDU Resources Group by 23.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,142 shares of the utilities provider’s stock worth $54,000 after acquiring an additional 413 shares during the last quarter. BOKF NA increased its position in shares of MDU Resources Group by 4.1% during the first quarter. BOKF NA now owns 14,794 shares of the utilities provider’s stock worth $377,000 after acquiring an additional 579 shares during the last quarter. SummerHaven Investment Management LLC increased its position in shares of MDU Resources Group by 1.8% during the second quarter. SummerHaven Investment Management LLC now owns 34,869 shares of the utilities provider’s stock worth $875,000 after acquiring an additional 606 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of MDU Resources Group by 158.9% during the third quarter. Venturi Wealth Management LLC now owns 1,196 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 734 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in MDU Resources Group by 3.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 24,264 shares of the utilities provider’s stock valued at $609,000 after buying an additional 817 shares during the last quarter. 71.44% of the stock is owned by hedge funds and other institutional investors.

MDU Resources Group Stock Performance

Shares of MDU stock opened at $18.01 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.73. The business has a 50 day moving average of $26.02 and a two-hundred day moving average of $25.52. MDU Resources Group, Inc. has a 52 week low of $14.91 and a 52 week high of $30.52. The company has a market cap of $3.67 billion, a P/E ratio of 9.24, a PEG ratio of 2.35 and a beta of 0.76.

MDU Resources Group (NYSE:MDU) last issued its earnings results on Thursday, November 7th. The utilities provider reported $0.32 EPS 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 during the quarter, compared to the consensus estimate of $969.17 million. During the same period in the previous year, the firm posted $0.29 earnings per share. MDU Resources Group’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, analysts anticipate that MDU Resources Group, Inc. will post 1.13 EPS for the current year.

MDU Resources Group Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, October 21st were given a dividend of $12.875 per share. The ex-dividend date of this dividend was Friday, November 1st. MDU Resources Group’s dividend payout ratio is presently 26.67%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. StockNews.com assumed coverage on MDU Resources Group in a report on Tuesday, November 5th. They issued a “hold” rating for the company. Bank of America raised MDU Resources Group from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $31.00 to $17.00 in a report on Tuesday, November 5th. Finally, Siebert Williams Shank raised MDU Resources Group from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Monday, November 4th.

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.