Advisor Consultant Network Inc. Invests $2,786,000 in MDU Resources Group Inc. (MDU)
Advisor Consultant Network Inc. bought a new position in shares of MDU Resources Group Inc. (NYSE:MDU) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 109,500 shares of the company’s stock, valued at approximately $2,786,000. Advisor Consultant Network Inc. owned 0.06% of MDU Resources Group as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in MDU Resources Group by 30.0% in the second quarter. Barclays PLC now owns 4,736 shares of the company’s stock worth $114,000 after buying an additional 1,094 shares during the last quarter. MSI Financial Services Inc increased its stake in MDU Resources Group by 0.4% in the third quarter. MSI Financial Services Inc now owns 5,077 shares of the company’s stock worth $129,000 after buying an additional 18 shares during the last quarter. Sei Investments Co. increased its stake in MDU Resources Group by 1,849.4% in the second quarter. Sei Investments Co. now owns 6,004 shares of the company’s stock worth $144,000 after buying an additional 5,696 shares during the last quarter. Pacad Investment Ltd. bought a new stake in MDU Resources Group during the second quarter worth about $149,000. Finally, Walleye Trading LLC increased its stake in MDU Resources Group by 3,363.5% in the second quarter. Walleye Trading LLC now owns 6,527 shares of the company’s stock worth $157,000 after buying an additional 6,727 shares during the last quarter. Hedge funds and other institutional investors own 64.75% of the company’s stock.
MDU Resources Group Inc. (NYSE:MDU) traded down 2.56% on Wednesday, hitting $27.82. 1,420,987 shares of the stock were exchanged. The company’s 50 day moving average price is $26.51 and its 200-day moving average price is $24.40. MDU Resources Group Inc. has a one year low of $15.58 and a one year high of $28.86. The company has a market cap of $5.43 billion, a P/E ratio of 107.41 and a beta of 0.81.
MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. MDU Resources Group had a net margin of 1.21% and a return on equity of 9.16%. The company earned $1.21 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the firm earned $0.38 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts predict that MDU Resources Group Inc. will post $1.13 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Shareholders of record on Thursday, December 8th will be paid a dividend of $0.1925 per share. The ex-dividend date is Tuesday, December 6th. This is a positive change from MDU Resources Group’s previous quarterly dividend of $0.19. This represents a $0.77 dividend on an annualized basis and a yield of 2.77%. MDU Resources Group’s dividend payout ratio is currently 288.47%.
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MDU has been the subject of several research reports. Zacks Investment Research upgraded shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Wednesday, October 12th. Williams Capital reiterated a “buy” rating on shares of MDU Resources Group in a research note on Friday, August 12th. Finally, DA Davidson reiterated a “hold” rating on shares of MDU Resources Group in a research note on Monday, November 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.25.
In other MDU Resources Group news, Director Patricia L. Moss sold 4,050 shares of the company’s stock in a transaction dated Tuesday, November 29th. The shares were sold at an average price of $28.30, for a total transaction of $114,615.00. Following the completion of the sale, the director now directly owns 75,418 shares of the company’s stock, valued at $2,134,329.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.10% of the company’s stock.
About MDU Resources Group
MDU Resources Group, Inc is a diversified natural resource company. Montana-Dakota Utilities Co (Montana-Dakota) is a public utility division of the Company. Montana-Dakota, through the electric and natural gas distribution segments, generates, transmits and distributes electricity and distributes natural gas.
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