Hennessy Advisors Inc. raised its stake in shares of MDU Resources Group Inc. (NYSE:MDU) by 9.6% during the third quarter, Holdings Channel reports. The institutional investor owned 666,907 shares of the company’s stock after buying an additional 58,500 shares during the period. Hennessy Advisors Inc.’s holdings in MDU Resources Group were worth $16,966,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. MSI Financial Services Inc raised 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 valued at $129,000 after buying an additional 18 shares in the last quarter. National Planning Corp raised its stake in MDU Resources Group by 0.6% in the second quarter. National Planning Corp now owns 9,885 shares of the company’s stock valued at $233,000 after buying an additional 58 shares in the last quarter. CIBC Asset Management Inc raised its stake in MDU Resources Group by 2.1% in the second quarter. CIBC Asset Management Inc now owns 10,476 shares of the company’s stock valued at $251,000 after buying an additional 214 shares in the last quarter. Capstone Asset Management Co. raised its stake in MDU Resources Group by 1.2% in the second quarter. Capstone Asset Management Co. now owns 22,079 shares of the company’s stock valued at $530,000 after buying an additional 270 shares in the last quarter. Finally, State Treasurer State of Michigan raised its stake in MDU Resources Group by 0.5% in the second quarter. State Treasurer State of Michigan now owns 78,362 shares of the company’s stock valued at $1,881,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 64.75% of the company’s stock.

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

Shares of MDU Resources Group Inc. (NYSE:MDU) traded down 1.33% during mid-day trading on Wednesday, reaching $28.17. 341,423 shares of the company were exchanged. The firm has a market capitalization of $5.50 billion, a PE ratio of 108.76 and a beta of 0.81. The company’s 50 day moving average price is $26.32 and its 200 day moving average price is $24.32. MDU Resources Group Inc. has a 12 month low of $15.58 and a 12 month high of $28.67.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.29 billion. MDU Resources Group had a return on equity of 9.16% and a net margin of 1.21%. MDU Resources Group’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm posted $0.38 EPS. Equities analysts anticipate that MDU Resources Group Inc. will post $1.13 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, January 1st. Investors of record on Thursday, December 8th will be given a dividend of $0.1925 per share. This represents a $0.77 annualized dividend and a yield of 2.70%. This is a positive change from MDU Resources Group’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, December 6th. MDU Resources Group’s dividend payout ratio (DPR) is presently 288.47%.

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A number of brokerages recently issued reports on MDU. DA Davidson restated a “hold” rating on shares of MDU Resources Group in a research report on Monday, November 7th. Williams Capital restated a “buy” rating on shares of MDU Resources Group in a research report on Friday, August 12th. Finally, Zacks Investment Research lowered shares of MDU Resources Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. MDU Resources Group has a consensus rating of “Hold” and a consensus price target of $22.25.

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.

5 Day Chart for NYSE:MDU

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