GSA Capital Partners LLP Invests $2.04 Million in MDU Resources Group, Inc. (NYSE:MDU)

GSA Capital Partners LLP bought a new position in shares of MDU Resources Group, Inc. (NYSE:MDU) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 74,401 shares of the utilities provider’s stock, valued at approximately $2,039,000.

Other large investors have also modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC increased its stake in MDU Resources Group by 40.9% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,048,344 shares of the utilities provider’s stock valued at $151,813,000 after purchasing an additional 1,756,530 shares in the last quarter. American Century Companies Inc. grew its holdings in MDU Resources Group by 30.7% during the 2nd quarter. American Century Companies Inc. now owns 4,158,224 shares of the utilities provider’s stock valued at $104,371,000 after buying an additional 977,487 shares during the last quarter. Hood River Capital Management LLC acquired a new stake in MDU Resources Group during the 2nd quarter valued at $24,372,000. Dimensional Fund Advisors LP grew its holdings in MDU Resources Group by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,491,990 shares of the utilities provider’s stock valued at $188,049,000 after buying an additional 563,424 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in MDU Resources Group by 36.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,745,980 shares of the utilities provider’s stock valued at $43,824,000 after buying an additional 467,465 shares during the last quarter. 71.44% of the stock is owned by hedge funds and other institutional investors.

MDU Resources Group Price Performance

Shares of MDU Resources Group stock opened at $18.01 on Wednesday. MDU Resources Group, Inc. has a twelve month low of $14.91 and a twelve month high of $30.52. The stock has a market capitalization of $3.67 billion, a P/E ratio of 9.24, a PEG ratio of 2.35 and a beta of 0.76. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.73. The business’s fifty day moving average price is $26.02 and its 200 day moving average price is $25.52.

MDU Resources Group (NYSE:MDU) last issued its earnings results on Thursday, November 7th. The utilities provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. MDU Resources Group had a return on equity of 11.24% and a net margin of 8.92%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $969.17 million. During the same quarter last year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, research analysts anticipate that MDU Resources Group, Inc. will post 1.13 earnings per share for the current year.

MDU Resources Group Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, October 21st were given a $12.875 dividend. The ex-dividend date of this dividend was Friday, November 1st. MDU Resources Group’s dividend payout ratio (DPR) is presently 26.67%.

Analyst Ratings Changes

MDU has been the topic of several analyst reports. StockNews.com initiated coverage on MDU Resources Group in a report on Tuesday, November 5th. They set a “hold” rating on the stock. Siebert Williams Shank upgraded MDU Resources Group from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Monday, November 4th. Finally, Bank of America upgraded MDU Resources Group from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $31.00 to $17.00 in a report on Tuesday, November 5th.

MDU Resources Group Company Profile

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, 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 82 transmission and 298 distribution substations.