Ensign Peak Advisors Inc Has $2.01 Million Stock Holdings in MDU Resources Group, Inc. (NYSE:MDU)

Posted by Defense World Staff on Mar 10th, 2023

Ensign Peak Advisors Inc lessened its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU – Get Rating) by 6.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 73,527 shares of the utilities provider’s stock after selling 4,810 shares during the period. Ensign Peak Advisors Inc’s holdings in MDU Resources Group were worth $2,011,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Bank of New Hampshire grew its holdings in MDU Resources Group by 10.9% during the 3rd quarter. Bank of New Hampshire now owns 4,665 shares of the utilities provider’s stock worth $128,000 after acquiring an additional 460 shares during the period. Patten Group Inc. grew its holdings in MDU Resources Group by 1.1% during the 3rd quarter. Patten Group Inc. now owns 46,683 shares of the utilities provider’s stock worth $1,292,000 after acquiring an additional 507 shares during the period. Eaton Vance Management grew its holdings in MDU Resources Group by 0.4% during the 1st quarter. Eaton Vance Management now owns 116,518 shares of the utilities provider’s stock worth $3,105,000 after acquiring an additional 507 shares during the period. Royal Bank of Canada grew its holdings in MDU Resources Group by 0.7% during the 3rd quarter. Royal Bank of Canada now owns 81,389 shares of the utilities provider’s stock worth $2,226,000 after acquiring an additional 543 shares during the period. Finally, GW Henssler & Associates Ltd. boosted its position in shares of MDU Resources Group by 5.0% during the third quarter. GW Henssler & Associates Ltd. now owns 11,847 shares of the utilities provider’s stock worth $324,000 after purchasing an additional 565 shares in the last quarter. Institutional investors and hedge funds own 70.83% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of MDU Resources Group from a “buy” rating to a “hold” rating in a research report on Monday.

MDU Resources Group Trading Down 1.7 %

Shares of NYSE MDU opened at $30.46 on Friday. The company’s fifty day moving average is $30.88 and its 200-day moving average is $30.06. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 16.83, a P/E/G ratio of 2.43 and a beta of 0.74. MDU Resources Group, Inc. has a twelve month low of $24.92 and a twelve month high of $32.53. The company has a quick ratio of 1.10, a current ratio of 1.36 and a debt-to-equity ratio of 0.77.

MDU Resources Group (NYSE:MDU – Get Rating) last announced its quarterly earnings results on Thursday, February 9th. The utilities provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.50 billion. MDU Resources Group had a net margin of 5.27% and a return on equity of 10.99%. The business’s quarterly revenue was up 28.8% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share. Equities research analysts predict that MDU Resources Group, Inc. will post 2.13 EPS for the current year.

MDU Resources Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 1st. Investors of record on Thursday, March 9th will be given a $0.2225 dividend. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $0.89 annualized dividend and a yield of 2.92%. MDU Resources Group’s dividend payout ratio is currently 49.17%.

MDU Resources Group Company Profile

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MDU Resources Group, Inc engages in the provision of natural resource products and related services to energy and transportation infrastructure. It operates through the following business segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, Construction Services, and Other.