Sawtooth Solutions LLC boosted its holdings in MDU Resources Group, Inc. (NYSE:MDU) by 34.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,172 shares of the utilities provider’s stock after buying an additional 3,095 shares during the quarter. Sawtooth Solutions LLC’s holdings in MDU Resources Group were worth $361,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Northern Oak Wealth Management Inc. purchased a new position in MDU Resources Group in the second quarter valued at $27,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in MDU Resources Group in the third quarter valued at $26,000. Total Clarity Wealth Management Inc. acquired a new position in MDU Resources Group in the third quarter valued at $30,000. Massmutual Trust Co. FSB ADV acquired a new position in MDU Resources Group in the second quarter valued at $35,000. Finally, Tompkins Financial Corp acquired a new position in MDU Resources Group in the third quarter valued at $71,000. 68.82% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research downgraded shares of MDU Resources Group from a “buy” rating to a “hold” rating and set a $32.00 price objective for the company. in a research note on Tuesday, October 5th.
MDU Resources Group (NYSE:MDU) last released its quarterly earnings data on Wednesday, November 3rd. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.14). MDU Resources Group had a net margin of 7.18% and a return on equity of 12.69%. The company had revenue of $1.59 billion during the quarter. During the same period in the previous year, the company earned $0.76 EPS. On average, research analysts expect that MDU Resources Group, Inc. will post 1.99 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, January 1st. Stockholders of record on Thursday, December 9th were paid a dividend of $0.2175 per share. This is an increase from MDU Resources Group’s previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, December 8th. This represents a $0.87 annualized dividend and a dividend yield of 2.86%. MDU Resources Group’s dividend payout ratio is 43.50%.
About MDU Resources Group
MDU Resources Group, Inc engages in the provision of natural resource products and related services to energy and transportation infrastructure. It operates through the following business segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, Construction Services, and Other.
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