Simplicity Wealth LLC Boosts Stock Position in MDU Resources Group, Inc. (NYSE:MDU)

Simplicity Wealth LLC grew its holdings in MDU Resources Group, Inc. (NYSE:MDU) by 12.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 168,395 shares of the utilities provider’s stock after acquiring an additional 18,463 shares during the period. Simplicity Wealth LLC owned about 0.08% of MDU Resources Group worth $4,227,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. SummerHaven Investment Management LLC lifted its position in shares of MDU Resources Group by 1.7% during the 4th quarter. SummerHaven Investment Management LLC now owns 33,779 shares of the utilities provider’s stock worth $669,000 after buying an additional 557 shares during the last quarter. BOKF NA increased its position in MDU Resources Group by 4.1% during the 1st quarter. BOKF NA now owns 14,794 shares of the utilities provider’s stock worth $377,000 after purchasing an additional 579 shares during the period. Retirement Systems of Alabama raised its position in MDU Resources Group by 0.3% in the first quarter. Retirement Systems of Alabama now owns 255,718 shares of the utilities provider’s stock worth $6,444,000 after acquiring an additional 671 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in MDU Resources Group by 0.4% in the first quarter. Texas Permanent School Fund Corp now owns 176,622 shares of the utilities provider’s stock valued at $4,451,000 after buying an additional 708 shares in the last quarter. Finally, CWM LLC grew its holdings in MDU Resources Group by 2.9% in the 4th quarter. CWM LLC now owns 26,454 shares of the utilities provider’s stock valued at $524,000 after buying an additional 747 shares during the period. 71.44% of the stock is owned by institutional investors and hedge funds.

MDU Resources Group Stock Down 1.8 %

MDU Resources Group stock traded down $0.47 during midday trading on Thursday, hitting $24.95. 1,115,765 shares of the company were exchanged, compared to its average volume of 1,212,272. The company has a market cap of $5.09 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 2.86 and a beta of 0.77. MDU Resources Group, Inc. has a fifty-two week low of $18.04 and a fifty-two week high of $27.30. The company’s fifty day moving average price is $25.40 and its 200-day moving average price is $23.85. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.43 and a quick ratio of 1.37.

MDU Resources Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Thursday, June 13th were paid a $0.125 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.00%. MDU Resources Group’s dividend payout ratio (DPR) is presently 21.37%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Argus upgraded shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Monday, May 20th. StockNews.com downgraded shares of MDU Resources Group from a “buy” rating to a “hold” rating in a research note on Friday, July 26th.

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.