Squarepoint Ops LLC Takes $4.99 Million Position in Mdu Resources Group Inc (NYSE:MDU)

Squarepoint Ops LLC bought a new stake in Mdu Resources Group Inc (NYSE:MDU) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 176,988 shares of the utilities provider’s stock, valued at approximately $4,989,000. Squarepoint Ops LLC owned 0.09% of Mdu Resources Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Stephens Inc. AR boosted its stake in shares of Mdu Resources Group by 4.4% during the 2nd quarter. Stephens Inc. AR now owns 10,248 shares of the utilities provider’s stock valued at $264,000 after buying an additional 434 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Mdu Resources Group by 1.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 36,250 shares of the utilities provider’s stock worth $935,000 after purchasing an additional 520 shares during the last quarter. 6 Meridian increased its position in Mdu Resources Group by 2.6% in the 3rd quarter. 6 Meridian now owns 20,316 shares of the utilities provider’s stock worth $573,000 after purchasing an additional 522 shares during the last quarter. Eqis Capital Management Inc. raised its stake in shares of Mdu Resources Group by 5.3% during the 3rd quarter. Eqis Capital Management Inc. now owns 11,377 shares of the utilities provider’s stock worth $321,000 after purchasing an additional 570 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Mdu Resources Group by 0.3% during the 3rd quarter. California State Teachers Retirement System now owns 313,442 shares of the utilities provider’s stock worth $8,836,000 after purchasing an additional 845 shares in the last quarter. 68.03% of the stock is owned by institutional investors and hedge funds.

Separately, Williams Capital lifted their price target on Mdu Resources Group from $31.00 to $32.00 and gave the company a “buy” rating in a report on Monday, September 16th.

NYSE MDU opened at $29.12 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.41 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $5.82 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 2.73 and a beta of 0.68. The company has a 50 day moving average price of $28.63 and a two-hundred day moving average price of $27.04. Mdu Resources Group Inc has a 12-month low of $22.73 and a 12-month high of $29.49.

Mdu Resources Group (NYSE:MDU) last announced its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.08. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.50 billion. Mdu Resources Group had a net margin of 6.17% and a return on equity of 11.90%. Mdu Resources Group’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.55 EPS. As a group, equities analysts anticipate that Mdu Resources Group Inc will post 1.5 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Thursday, December 12th will be paid a $0.2075 dividend. This represents a $0.83 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Wednesday, December 11th. This is a positive change from Mdu Resources Group’s previous quarterly dividend of $0.20. Mdu Resources Group’s payout ratio is presently 58.70%.

About Mdu Resources Group

MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. It operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming.

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Institutional Ownership by Quarter for Mdu Resources Group (NYSE:MDU)

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