Ingalls & Snyder LLC Sells 16,990 Shares of MDU Resources Group, Inc. (NYSE:MDU)

Ingalls & Snyder LLC trimmed its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU) by 43.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,345 shares of the utilities provider’s stock after selling 16,990 shares during the quarter. Ingalls & Snyder LLC’s holdings in MDU Resources Group were worth $403,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of MDU. V Square Quantitative Management LLC bought a new position in MDU Resources Group in the 3rd quarter valued at about $25,000. Venturi Wealth Management LLC boosted its position in MDU Resources Group by 158.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,196 shares of the utilities provider’s stock worth $33,000 after buying an additional 734 shares during the period. Crews Bank & Trust acquired a new stake in MDU Resources Group during the 4th quarter worth approximately $39,000. Capital Performance Advisors LLP acquired a new stake in MDU Resources Group during the 3rd quarter worth approximately $40,000. Finally, Blue Trust Inc. boosted its position in MDU Resources Group by 19.4% during the 4th quarter. Blue Trust Inc. now owns 3,505 shares of the utilities provider’s stock worth $63,000 after buying an additional 570 shares during the period. 71.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MDU. StockNews.com lowered shares of MDU Resources Group from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Siebert Williams Shank raised shares of 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. Jefferies Financial Group assumed coverage on shares of MDU Resources Group in a report on Wednesday, January 8th. They set a “hold” rating and a $18.00 price objective on the stock. Finally, Bank of America raised shares of MDU Resources Group from a “neutral” rating to a “buy” rating and cut their price target for the stock from $31.00 to $17.00 in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, MDU Resources Group presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Insider Activity

In related news, Director Dennis W. Johnson acquired 30,000 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was purchased at an average price of $16.64 per share, with a total value of $499,200.00. Following the completion of the purchase, the director now owns 180,166 shares in the company, valued at $2,997,962.24. This trade represents a 19.98 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

MDU Resources Group Trading Up 0.4 %

Shares of MDU opened at $16.90 on Friday. The business’s 50-day moving average price is $18.07 and its 200-day moving average price is $22.30. 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 cap of $3.45 billion, a PE ratio of 12.25, a P/E/G ratio of 2.61 and a beta of 0.80. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.73.

MDU Resources Group (NYSE:MDU) last issued its earnings results on Thursday, February 6th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. MDU Resources Group had a return on equity of 10.20% and a net margin of 7.31%. On average, equities analysts forecast that MDU Resources Group, Inc. will post 0.95 EPS for the current fiscal year.

MDU Resources Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.08%. MDU Resources Group’s dividend payout ratio (DPR) is presently 37.68%.

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.