MDU Resources Group, Inc. (NYSE:MDU) Position Trimmed by Amalgamated Bank

Amalgamated Bank lowered its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 23.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,225 shares of the utilities provider's stock after selling 30,496 shares during the period. Amalgamated Bank's holdings in MDU Resources Group were worth $2,665,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC grew its holdings in shares of MDU Resources Group by 3.5% during the third quarter. Catalyst Capital Advisors LLC now owns 89,010 shares of the utilities provider's stock worth $2,440,000 after buying an additional 3,000 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of MDU Resources Group by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 23,585 shares of the utilities provider's stock worth $646,000 after buying an additional 1,605 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of MDU Resources Group during the third quarter worth about $2,234,000. Riverwater Partners LLC purchased a new stake in shares of MDU Resources Group during the third quarter worth about $1,348,000. Finally, Greenleaf Trust grew its holdings in shares of MDU Resources Group by 9.5% during the third quarter. Greenleaf Trust now owns 10,257 shares of the utilities provider's stock worth $281,000 after buying an additional 890 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company's stock.

MDU Resources Group Trading Up 1.3 %

MDU Resources Group stock traded up $0.23 during trading on Monday, reaching $18.16. The company had a trading volume of 1,658,451 shares, compared to its average volume of 1,585,346. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.22. MDU Resources Group, Inc. has a 12-month low of $14.91 and a 12-month high of $30.52. The stock's 50 day moving average price is $26.17 and its two-hundred day moving average price is $25.56. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 2.36 and a beta of 0.76.

MDU Resources Group (NYSE:MDU - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. MDU Resources Group had a net margin of 8.92% and a return on equity of 11.32%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $969.17 million. During the same period in the previous year, the firm earned $0.29 earnings per share. MDU Resources Group's revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities analysts expect that MDU Resources Group, Inc. will post 1.12 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, October 21st were given a dividend of $12.875 per share. The ex-dividend date of this dividend was Friday, November 1st. MDU Resources Group's payout ratio is currently 26.67%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MDU shares. StockNews.com started coverage on shares of MDU Resources Group in a report on Tuesday, November 5th. They set a "hold" rating for the company. Siebert Williams Shank upgraded shares of MDU Resources Group from a "hold" rating to a "buy" rating and set a $19.00 target price for the company in a report on Monday, November 4th. Finally, Bank of America upgraded shares of MDU Resources Group from a "neutral" rating to a "buy" rating and lowered their target price for the company from $31.00 to $17.00 in a report on Tuesday, November 5th.

MDU Resources Group Company Profile

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 82 transmission and 298 distribution substations.