PNC Financial Services Group Inc. Has $525,000 Stock Holdings in MDU Resources Group, Inc. (NYSE:MDU)

PNC Financial Services Group Inc. cut its stake in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 54.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,114 shares of the utilities provider's stock after selling 34,128 shares during the period. PNC Financial Services Group Inc.'s holdings in MDU Resources Group were worth $525,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. grew its position in MDU Resources Group by 164.4% during the fourth quarter. Principal Securities Inc. now owns 1,470 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 914 shares in the last quarter. V Square Quantitative Management LLC grew its position in MDU Resources Group by 99.6% in the fourth quarter. V Square Quantitative Management LLC now owns 1,834 shares of the utilities provider's stock worth $33,000 after acquiring an additional 915 shares in the last quarter. Crews Bank & Trust bought a new stake in MDU Resources Group in the fourth quarter worth approximately $39,000. Blue Trust Inc. grew its position in MDU Resources Group by 19.4% in the fourth quarter. Blue Trust Inc. now owns 3,505 shares of the utilities provider's stock worth $63,000 after acquiring an additional 570 shares in the last quarter. Finally, Millburn Ridgefield Corp bought a new stake in MDU Resources Group in the third quarter worth approximately $82,000. 71.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on MDU shares. Jefferies Financial Group started coverage on shares of MDU Resources Group in a research report on Wednesday, January 8th. They issued a "hold" rating and a $18.00 target price for the company. StockNews.com downgraded shares of MDU Resources Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $21.00.

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Insider Transactions at MDU Resources Group

In related news, Director Dennis W. Johnson bought 30,000 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average cost of $16.64 per share, for a total transaction of $499,200.00. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.59% of the stock is owned by corporate insiders.

MDU Resources Group Stock Performance

Shares of MDU Resources Group stock traded down $0.27 on Friday, reaching $16.79. The stock had a trading volume of 3,852,748 shares, compared to its average volume of 2,398,518. The business's 50-day moving average price is $17.24 and its two-hundred day moving average price is $20.71. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.07 and a current ratio of 1.15. MDU Resources Group, Inc. has a fifty-two week low of $12.74 and a fifty-two week high of $20.39. The stock has a market cap of $3.43 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 2.76 and a beta of 0.81.

MDU Resources Group (NYSE:MDU - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. MDU Resources Group had a net margin of 7.31% and a return on equity of 10.20%. On average, sell-side analysts forecast that MDU Resources Group, Inc. will post 0.94 EPS for the current year.

MDU Resources Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Thursday, March 13th. MDU Resources Group's payout ratio 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.