MDU Resources Group, Inc. (NYSE:MDU) Stock Holdings Lowered by Amalgamated Bank

Amalgamated Bank lowered its position in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 34.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 63,439 shares of the utilities provider's stock after selling 33,786 shares during the quarter. Amalgamated Bank's holdings in MDU Resources Group were worth $1,143,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MDU. State of Alaska Department of Revenue lifted its position in 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 valued at $646,000 after buying an additional 1,605 shares in the last quarter. Catalyst Capital Advisors LLC lifted its holdings in shares of MDU Resources Group by 3.5% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 89,010 shares of the utilities provider's stock valued at $2,440,000 after acquiring an additional 3,000 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. purchased a new stake in MDU Resources Group during the 3rd quarter worth $6,351,000. Hudson Value Partners LLC increased its holdings in MDU Resources Group by 3.5% in the 3rd quarter. Hudson Value Partners LLC now owns 212,815 shares of the utilities provider's stock valued at $5,833,000 after purchasing an additional 7,292 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in MDU Resources Group in the third quarter valued at about $40,000. Institutional investors and hedge funds own 71.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MDU. StockNews.com lowered MDU Resources Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Jefferies Financial Group began coverage on shares of MDU Resources Group in a research report on Wednesday, January 8th. They issued a "hold" rating and a $18.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, MDU Resources Group has a consensus rating of "Hold" and a consensus price target of $21.00.

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Insider Activity at MDU Resources Group

In other MDU Resources Group news, Director Dennis W. Johnson acquired 30,000 shares of the firm's stock in a transaction on Monday, February 10th. The stock was purchased at an average price of $16.64 per share, with a total value of $499,200.00. Following the completion of the acquisition, the director now directly owns 180,166 shares in the company, valued at $2,997,962.24. This trade represents a 19.98 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

MDU Resources Group Stock Up 1.0 %

Shares of NYSE:MDU traded up $0.16 during trading on Friday, hitting $16.70. The company's stock had a trading volume of 635,024 shares, compared to its average volume of 1,920,356. The company has a market capitalization of $3.41 billion, a PE ratio of 12.11, a PEG ratio of 2.76 and a beta of 0.81. MDU Resources Group, Inc. has a fifty-two week low of $14.91 and a fifty-two week high of $30.52. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.07 and a current ratio of 1.15. The stock's 50-day moving average price is $17.51 and its two-hundred day moving average price is $21.37.

MDU Resources Group (NYSE:MDU - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. MDU Resources Group had a net margin of 7.31% and a return on equity of 10.20%. As a group, sell-side analysts expect that MDU Resources Group, Inc. will post 0.94 EPS for the current year.

MDU Resources Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.52 dividend on an annualized basis and a yield of 3.11%. MDU Resources Group's dividend payout ratio (DPR) is 37.68%.

MDU Resources Group 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.