Pacer Advisors Inc. raised its stake in MDU Resources Group Inc (NYSE:MDU) by 17.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,953 shares of the utilities provider’s stock after purchasing an additional 10,415 shares during the quarter. Pacer Advisors Inc.’s holdings in MDU Resources Group were worth $1,823,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in MDU. Aperio Group LLC boosted its holdings in shares of MDU Resources Group by 18.3% in the 2nd quarter. Aperio Group LLC now owns 49,413 shares of the utilities provider’s stock valued at $1,417,000 after purchasing an additional 7,649 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of MDU Resources Group by 19.6% in the 2nd quarter. Wells Fargo & Company MN now owns 1,072,544 shares of the utilities provider’s stock valued at $30,761,000 after acquiring an additional 175,766 shares during the period. Sei Investments Co. raised its stake in shares of MDU Resources Group by 36.5% in the 2nd quarter. Sei Investments Co. now owns 48,274 shares of the utilities provider’s stock valued at $1,385,000 after acquiring an additional 12,911 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of MDU Resources Group by 0.9% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 305,395 shares of the utilities provider’s stock valued at $8,759,000 after acquiring an additional 2,752 shares during the period. Finally, Strs Ohio purchased a new position in shares of MDU Resources Group in the 2nd quarter valued at $474,000. Institutional investors own 64.44% of the company’s stock.
Shares of MDU stock opened at $24.80 on Wednesday. MDU Resources Group Inc has a 52 week low of $24.29 and a 52 week high of $29.62. The company has a current ratio of 1.67, a quick ratio of 1.30 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $4.94 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 3.06 and a beta of 0.54.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 1st. Stockholders of record on Thursday, December 13th will be paid a $0.2025 dividend. This represents a $0.81 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Wednesday, December 12th. This is an increase from MDU Resources Group’s previous quarterly dividend of $0.20. MDU Resources Group’s dividend payout ratio (DPR) is currently 64.80%.
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About MDU Resources Group
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.
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