Teachers Retirement System of The State of Kentucky Has $1.81 Million Stock Position in MDU Resources Group, Inc. (NYSE:MDU)

Teachers Retirement System of The State of Kentucky reduced its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,039 shares of the utilities provider’s stock after selling 1,780 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in MDU Resources Group were worth $1,810,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised 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 valued at $54,000 after buying an additional 413 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in MDU Resources Group by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 34,869 shares of the utilities provider’s stock valued at $875,000 after acquiring an additional 606 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of MDU Resources Group by 2.0% in the 3rd quarter. HighTower Advisors LLC now owns 32,739 shares of the utilities provider’s stock worth $896,000 after acquiring an additional 641 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of 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 worth $33,000 after purchasing an additional 734 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of MDU Resources Group by 3.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 24,264 shares of the utilities provider’s stock valued at $609,000 after purchasing an additional 817 shares during the period. 71.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MDU shares. Bank of America raised MDU Resources Group from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $31.00 to $17.00 in a research report on Tuesday, November 5th. Siebert Williams Shank upgraded shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Monday, November 4th. Finally, StockNews.com started coverage on shares of MDU Resources Group in a research report on Tuesday, December 10th. They issued a “hold” rating for the company.

MDU Resources Group Stock Performance

MDU Resources Group stock opened at $18.86 on Tuesday. The firm has a market capitalization of $3.84 billion, a P/E ratio of 9.67, a P/E/G ratio of 2.46 and a beta of 0.79. The stock has a fifty day moving average price of $22.54 and a two-hundred day moving average price of $24.51. MDU Resources Group, Inc. has a 52-week low of $14.91 and a 52-week 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.

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

MDU Resources Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Thursday, December 12th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, December 12th. MDU Resources Group’s payout ratio is currently 26.67%.

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.