First PREMIER Bank Has $2.23 Million Stake in MDU Resources Group Inc (MDU)
First PREMIER Bank lifted its stake in MDU Resources Group Inc (NYSE:MDU) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,045 shares of the utilities provider’s stock after buying an additional 3,076 shares during the period. MDU Resources Group makes up 1.5% of First PREMIER Bank’s portfolio, making the stock its 19th biggest position. First PREMIER Bank’s holdings in MDU Resources Group were worth $2,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently modified their holdings of MDU. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of MDU Resources Group by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,671 shares of the utilities provider’s stock worth $175,000 after buying an additional 537 shares during the period. Sei Investments Co. boosted its holdings in MDU Resources Group by 47.4% in the third quarter. Sei Investments Co. now owns 7,509 shares of the utilities provider’s stock valued at $195,000 after purchasing an additional 2,414 shares during the last quarter. Gs Investments Inc. purchased a new position in MDU Resources Group in the second quarter valued at about $200,000. Eqis Capital Management Inc. purchased a new position in MDU Resources Group in the third quarter valued at about $203,000. Finally, Griffin Asset Management Inc. purchased a new position in MDU Resources Group in the second quarter valued at about $215,000. 63.54% of the stock is owned by institutional investors.
MDU Resources Group Inc (NYSE MDU) traded down $0.07 during trading hours on Thursday, reaching $25.98. The company’s stock had a trading volume of 844,891 shares, compared to its average volume of 743,049. The company has a current ratio of 1.28, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. MDU Resources Group Inc has a 52 week low of $25.14 and a 52 week high of $29.74. The company has a market cap of $5,100.00, a P/E ratio of 21.65, a PEG ratio of 2.55 and a beta of 0.92.
MDU Resources Group (NYSE:MDU) last released its earnings results on Wednesday, November 1st. The utilities provider reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). MDU Resources Group had a return on equity of 15.43% and a net margin of 7.04%. The firm had revenue of $1.27 billion for the quarter. During the same quarter in the previous year, the company posted $0.45 earnings per share. analysts anticipate that MDU Resources Group Inc will post 1.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, January 1st. Shareholders of record on Thursday, December 14th were issued a dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend was Wednesday, December 13th. This is an increase from MDU Resources Group’s previous quarterly dividend of $0.19. MDU Resources Group’s dividend payout ratio (DPR) is currently 65.83%.
A number of brokerages recently commented on MDU. KeyCorp reissued a “buy” rating and issued a $28.00 price target on shares of MDU Resources Group in a report on Friday, October 20th. Zacks Investment Research downgraded MDU Resources Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th.
MDU Resources Group Company Profile
MDU Resources Group, Inc is engaged in regulated energy delivery and construction materials and services business. The Company’s businesses segments are electric, natural gas distribution, pipeline and midstream, construction materials and contracting, and construction services. The electric segment generates, transmits and distributes electricity.
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