SG Americas Securities LLC Sells 47,592 Shares of MDU Resources Group, Inc. (NYSE:MDU)

SG Americas Securities LLC decreased its holdings in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 54.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,997 shares of the utilities provider's stock after selling 47,592 shares during the quarter. SG Americas Securities LLC's holdings in MDU Resources Group were worth $1,096,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC bought a new stake in shares of MDU Resources Group during the 2nd quarter valued at $27,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of MDU Resources Group by 23.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,142 shares of the utilities provider's stock valued at $54,000 after buying an additional 413 shares in the last quarter. Tompkins Financial Corp boosted its holdings in shares of MDU Resources Group by 22.2% during the 1st quarter. Tompkins Financial Corp now owns 4,404 shares of the utilities provider's stock valued at $111,000 after buying an additional 800 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of MDU Resources Group during the 2nd quarter valued at $163,000. Finally, Point72 DIFC Ltd bought a new stake in shares of MDU Resources Group during the 2nd quarter valued at $181,000. Hedge funds and other institutional investors own 71.44% of the company's stock.

MDU Resources Group Stock Up 4.4 %

MDU Resources Group stock traded up $1.20 during mid-day trading on Friday, reaching $28.59. The stock had a trading volume of 2,859,963 shares, compared to its average volume of 1,403,504. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 2.66 and a beta of 0.77. The company has a 50-day moving average price of $25.91 and a two-hundred day moving average price of $25.40. MDU Resources Group, Inc. has a one year low of $18.04 and a one year high of $28.71. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.15.

MDU Resources Group (NYSE:MDU - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.11. The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.06 billion. MDU Resources Group had a net margin of 9.25% and a return on equity of 11.29%. MDU Resources Group's revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 EPS. On average, analysts expect that MDU Resources Group, Inc. will post 1.58 EPS for the current fiscal year.

MDU Resources Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Thursday, September 12th were given a $0.13 dividend. This is a positive change from MDU Resources Group's previous quarterly dividend of $0.13. The ex-dividend date was Thursday, September 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.82%. MDU Resources Group's payout ratio is 26.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of MDU Resources Group from a "buy" rating to a "hold" rating in a report on Friday, July 26th.

About MDU Resources Group

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.