Rhumbline Advisers Buys 30,609 Shares of MDU Resources Group, Inc. (NYSE:MDU)

Rhumbline Advisers boosted its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 5.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 639,253 shares of the utilities provider’s stock after acquiring an additional 30,609 shares during the quarter. Rhumbline Advisers owned about 0.31% of MDU Resources Group worth $13,386,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. WealthPLAN Partners LLC bought a new position in shares of MDU Resources Group during the first quarter valued at approximately $25,000. Cullen Frost Bankers Inc. grew its stake in shares of MDU Resources Group by 393.7% during the second quarter. Cullen Frost Bankers Inc. now owns 1,254 shares of the utilities provider’s stock valued at $26,000 after buying an additional 1,000 shares during the last quarter. Northwest Capital Management Inc bought a new position in shares of MDU Resources Group during the second quarter valued at approximately $27,000. Belpointe Asset Management LLC grew its stake in shares of MDU Resources Group by 59.7% during the first quarter. Belpointe Asset Management LLC now owns 1,070 shares of the utilities provider’s stock valued at $33,000 after buying an additional 400 shares during the last quarter. Finally, Money Concepts Capital Corp bought a new position in shares of MDU Resources Group during the fourth quarter valued at approximately $33,000. 71.24% of the stock is owned by institutional investors.

MDU Resources Group Stock Down 1.0 %

Shares of NYSE MDU opened at $18.52 on Tuesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.22 and a current ratio of 1.29. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 2.39 and a beta of 0.79. The stock has a 50 day moving average price of $19.11 and a 200 day moving average price of $21.37. MDU Resources Group, Inc. has a 52-week low of $18.04 and a 52-week high of $22.55.

MDU Resources Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Thursday, December 14th will be issued a $0.125 dividend. The ex-dividend date is Wednesday, December 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.70%. MDU Resources Group’s payout ratio is 28.25%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on MDU Resources Group in a research note on Thursday, October 5th. They set a “hold” rating on the stock.

About MDU Resources Group

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through five segments: Electric, Natural Gas Distribution, Pipeline, Construction Materials and Contracting, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 84 transmission and 294 distribution substations.