Curi Capital Takes $38,000 Position in MDU Resources Group, Inc. (NYSE:MDU)

Posted by Doug Madison on Apr 8th, 2021 // Comments off

Curi Capital purchased a new position in shares of MDU Resources Group, Inc. (NYSE:MDU) during the fourth quarter, Holdings Channel.com reports. The fund purchased 1,473 shares of the utilities provider’s stock, valued at approximately $38,000.

A number of other hedge funds have also recently added to or reduced their stakes in MDU. Amundi Pioneer Asset Management Inc. boosted its position in MDU Resources Group by 3.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 109,815 shares of the utilities provider’s stock worth $2,836,000 after purchasing an additional 3,373 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of MDU Resources Group during the 3rd quarter valued at approximately $754,000. Truist Financial Corp acquired a new stake in MDU Resources Group in the 3rd quarter valued at $320,000. Morgan Stanley increased its holdings in MDU Resources Group by 47.4% in the 3rd quarter. Morgan Stanley now owns 569,725 shares of the utilities provider’s stock worth $12,818,000 after acquiring an additional 183,313 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its holdings in MDU Resources Group by 10.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 46,256 shares of the utilities provider’s stock worth $1,041,000 after acquiring an additional 4,256 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.

MDU Resources Group stock opened at $31.39 on Thursday. MDU Resources Group, Inc. has a 52-week low of $18.50 and a 52-week high of $32.19. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 2.83 and a beta of 0.71. The company has a fifty day simple moving average of $30.28 and a 200-day simple moving average of $26.48. The company has a quick ratio of 1.14, a current ratio of 1.41 and a debt-to-equity ratio of 0.75.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings results on Tuesday, February 2nd. The utilities provider reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. MDU Resources Group had a net margin of 6.75% and a return on equity of 12.87%. The firm had revenue of $1.39 billion for the quarter. During the same quarter in the previous year, the firm posted $0.47 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. On average, research analysts anticipate that MDU Resources Group, Inc. will post 1.9 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 1st. Stockholders of record on Thursday, March 11th were issued a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Wednesday, March 10th. MDU Resources Group’s dividend payout ratio is currently 50.30%.

Several analysts have recently issued reports on the stock. Bank of America initiated coverage on shares of MDU Resources Group in a research report on Monday, March 29th. They issued a “buy” rating and a $36.00 target price on the stock. Zacks Investment Research upgraded MDU Resources Group from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Thursday, January 28th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. MDU Resources Group presently has an average rating of “Buy” and a consensus price target of $28.25.

MDU Resources Group Profile

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. The company's Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming.

Curi Capital Takes $38,000 Position in MDU Resources Group, Inc. (NYSE:MDU)

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