Two Sigma Investments LP Takes $1.13 Million Position in MDU Resources (MDU)

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.

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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 stock opened at $27.73 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.04 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $5,396.26, a P/E ratio of 22.10, a P/E/G ratio of 2.40 and a beta of 0.69. MDU Resources has a one year low of $24.29 and a one year high of $28.54.

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%.

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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.

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

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