Victory Capital Management Inc. Has $15.53 Million Stock Position in MDU Resources Group, Inc. (NYSE:MDU)

Victory Capital Management Inc. lowered its stake in MDU Resources Group, Inc. (NYSE:MDU) by 30.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 566,699 shares of the utilities provider’s stock after selling 245,440 shares during the quarter. Victory Capital Management Inc.’s holdings in MDU Resources Group were worth $15,533,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new stake in shares of MDU Resources Group in the 3rd quarter valued at about $2,039,000. Venturi Wealth Management LLC raised its stake in shares of MDU Resources Group by 158.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,196 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 734 shares during the period. State of New Jersey Common Pension Fund D raised its stake in shares of MDU Resources Group by 4.7% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 78,589 shares of the utilities provider’s stock valued at $2,154,000 after purchasing an additional 3,535 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of MDU Resources Group in the 3rd quarter valued at about $40,000. Finally, Hudson Value Partners LLC raised its stake in shares of MDU Resources Group by 3.5% in the 3rd quarter. Hudson Value Partners LLC now owns 212,815 shares of the utilities provider’s stock valued at $5,833,000 after purchasing an additional 7,292 shares during the period. Institutional investors and hedge funds own 71.44% of the company’s stock.

MDU Resources Group Trading Up 0.7 %

MDU Resources Group stock opened at $18.74 on Wednesday. MDU Resources Group, Inc. has a 52 week low of $14.91 and a 52 week high of $30.52. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.07 and a current ratio of 1.15. The stock has a market capitalization of $3.82 billion, a P/E ratio of 9.61, a PEG ratio of 2.37 and a beta of 0.76. The stock has a 50-day simple moving average of $25.34 and a 200 day simple moving average of $25.28.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $969.17 million. MDU Resources Group had a net margin of 8.92% and a return on equity of 11.24%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. Analysts expect that MDU Resources Group, Inc. will post 1.13 earnings per share for the current year.

MDU Resources Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Thursday, December 12th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.52 annualized dividend and a yield of 2.78%. MDU Resources Group’s dividend payout ratio (DPR) is presently 26.67%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Bank of America raised MDU Resources Group from a “neutral” rating to a “buy” rating and dropped their price target for the company from $31.00 to $17.00 in a research note on Tuesday, November 5th. Siebert Williams Shank upgraded MDU Resources Group from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Monday, November 4th. Finally, StockNews.com started coverage on MDU Resources Group in a report on Tuesday, November 5th. They issued a “hold” rating for the company.

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 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.