Prudential Financial Inc. grew its holdings in shares of MDU Resources Group Inc (NYSE:MDU) by 55.0% in the 3rd quarter, Holdings Channel reports. The firm owned 2,072,325 shares of the utilities provider’s stock after acquiring an additional 735,440 shares during the quarter. Prudential Financial Inc.’s holdings in MDU Resources Group were worth $53,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in MDU. State Street Corp increased its position in shares of MDU Resources Group by 8.2% during the 2nd quarter. State Street Corp now owns 13,043,478 shares of the utilities provider’s stock valued at $341,737,000 after purchasing an additional 983,880 shares during the last quarter. Citadel Advisors LLC increased its position in shares of MDU Resources Group by 86.2% during the 3rd quarter. Citadel Advisors LLC now owns 1,576,399 shares of the utilities provider’s stock valued at $40,908,000 after purchasing an additional 729,943 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of MDU Resources Group by 566.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 819,281 shares of the utilities provider’s stock valued at $21,465,000 after purchasing an additional 696,331 shares during the last quarter. First Trust Advisors LP increased its position in shares of MDU Resources Group by 49.9% during the 3rd quarter. First Trust Advisors LP now owns 1,742,518 shares of the utilities provider’s stock valued at $45,218,000 after purchasing an additional 580,276 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of MDU Resources Group by 4,741.5% during the 2nd quarter. Janus Henderson Group PLC now owns 475,481 shares of the utilities provider’s stock valued at $12,458,000 after purchasing an additional 465,660 shares during the last quarter. 63.54% of the stock is owned by hedge funds and other institutional investors.

MDU Resources Group Inc (MDU) opened at $26.41 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.28. The firm has a market capitalization of $5,160.00, a price-to-earnings ratio of 22.01, a PEG ratio of 2.57 and a beta of 0.92. MDU Resources Group Inc has a 12 month low of $25.14 and a 12 month high of $29.74.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). The firm had revenue of $1.27 billion for the quarter. MDU Resources Group had a return on equity of 10.20% and a net margin of 5.39%. During the same period last year, the firm earned $0.45 EPS. research analysts forecast that MDU Resources Group Inc will post 1.19 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Thursday, December 14th were paid a dividend of $0.1975 per share. This is an increase from MDU Resources Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a $0.79 annualized dividend and a dividend yield of 2.99%. MDU Resources Group’s dividend payout ratio is presently 65.83%.

Several research firms have recently weighed in on MDU. Zacks Investment Research upgraded MDU Resources Group from a “sell” rating to a “hold” rating in a research note on Thursday. KeyCorp reiterated a “buy” rating and set a $29.50 price target on shares of MDU Resources Group in a research note on Friday, December 15th.

TRADEMARK VIOLATION WARNING: This story was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://theolympiareport.com/2018/01/07/mdu-resources-group-inc-mdu-shares-bought-by-prudential-financial-inc.html.

MDU Resources Group Profile

MDU Resources Group, Inc is engaged in regulated energy delivery and construction materials and services business. The Company’s businesses segments are electric, natural gas distribution, pipeline and midstream, construction materials and contracting, and construction services. The electric segment generates, transmits and distributes electricity.

Want to see what other hedge funds are holding MDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MDU Resources Group Inc (NYSE:MDU).

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

Receive News & Ratings for MDU Resources Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MDU Resources Group and related companies with MarketBeat.com's FREE daily email newsletter.