GW Henssler & Associates Ltd. Acquires 565 Shares of MDU Resources Group, Inc. (NYSE:MDU)

GW Henssler & Associates Ltd. raised its holdings in MDU Resources Group, Inc. (NYSE:MDUGet Rating) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,847 shares of the utilities provider’s stock after acquiring an additional 565 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in MDU Resources Group were worth $324,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in MDU. Total Clarity Wealth Management Inc. purchased a new stake in shares of MDU Resources Group in the 2nd quarter worth $27,000. Venture Visionary Partners LLC purchased a new stake in shares of MDU Resources Group in the 2nd quarter worth $53,000. Heritage Financial Services LLC purchased a new stake in shares of MDU Resources Group in the 2nd quarter worth $66,000. Artemis Wealth Advisors LLC purchased a new stake in shares of MDU Resources Group in the 2nd quarter worth $69,000. Finally, CoreCap Advisors LLC purchased a new stake in shares of MDU Resources Group in the 2nd quarter worth $92,000. 70.83% of the stock is currently owned by hedge funds and other institutional investors.

MDU Resources Group Trading Up 1.7 %

Shares of NYSE MDU opened at $30.80 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.38 and a quick ratio of 1.11. The stock has a market capitalization of $6.26 billion, a P/E ratio of 18.55, a price-to-earnings-growth ratio of 2.50 and a beta of 0.74. MDU Resources Group, Inc. has a 1-year low of $24.92 and a 1-year high of $32.19. The business has a fifty day moving average price of $30.54 and a 200 day moving average price of $29.54.

MDU Resources Group (NYSE:MDUGet Rating) last issued its quarterly earnings data on Thursday, November 3rd. The utilities provider reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $1.98 billion during the quarter. MDU Resources Group had a return on equity of 10.01% and a net margin of 5.14%. Equities research analysts expect that MDU Resources Group, Inc. will post 1.81 EPS for the current fiscal year.

MDU Resources Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, January 1st. Shareholders of record on Thursday, December 8th were paid a $0.2225 dividend. The ex-dividend date of this dividend was Wednesday, December 7th. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a yield of 2.89%. MDU Resources Group’s dividend payout ratio (DPR) is 53.61%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MDU. StockNews.com began coverage on MDU Resources Group in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Bank of America cut MDU Resources Group from a “neutral” rating to an “underperform” rating in a research note on Monday, October 24th.

About MDU Resources Group

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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.

See Also

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

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