Two Sigma Investments LP purchased a new stake in shares of MDU Resources (NYSE:MDU) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 42,029 shares of the utilities provider’s stock, valued at approximately $1,130,000.
Other hedge funds have also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. acquired a new stake in shares of MDU Resources during the fourth quarter valued at about $118,000. Sei Investments Co. boosted its stake in shares of MDU Resources by 47.4% during the third quarter. Sei Investments Co. now owns 7,509 shares of the utilities provider’s stock valued at $195,000 after purchasing an additional 2,414 shares in the last quarter. Wedbush Securities Inc. acquired a new stake in shares of MDU Resources during the fourth quarter valued at about $213,000. X Square Capital LLC acquired a new stake in shares of MDU Resources during the fourth quarter valued at about $233,000. Finally, Parametrica Management Ltd acquired a new stake in shares of MDU Resources during the fourth quarter valued at about $248,000. 64.03% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on MDU. Zacks Investment Research raised MDU Resources from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, February 13th. KeyCorp reissued a “buy” rating and set a $29.50 price target on shares of MDU Resources in a research note on Friday, December 15th. ValuEngine raised MDU Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Williams Capital cut their price objective on MDU Resources from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. MDU Resources currently has an average rating of “Buy” and a consensus price target of $29.17.
MDU Resources (NYSE:MDU) last posted its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.07. The company had revenue of $1.17 billion for the quarter. MDU Resources had a return on equity of 10.46% and a net margin of 6.33%. MDU Resources’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share. equities analysts predict that MDU Resources will post 1.38 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, April 1st. Investors of record on Thursday, March 8th were paid a $0.1975 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Wednesday, March 7th. MDU Resources’s dividend payout ratio is currently 63.20%.
WARNING: This piece of content was reported by Week Herald and is owned by of Week Herald. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://weekherald.com/2018/04/14/two-sigma-investments-lp-acquires-shares-of-42029-mdu-resources-group-inc-mdu.html.
MDU Resources Company Profile
MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services.
Receive News & Ratings for MDU Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MDU Resources and related companies with MarketBeat.com's FREE daily email newsletter.