SG Americas Securities LLC lowered its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 68.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,665 shares of the utilities provider's stock after selling 27,332 shares during the quarter. SG Americas Securities LLC's holdings in MDU Resources Group were worth $228,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp increased its holdings in shares of MDU Resources Group by 1.8% in the third quarter. State Street Corp now owns 6,344,185 shares of the utilities provider's stock worth $174,713,000 after purchasing an additional 114,719 shares during the last quarter. Geode Capital Management LLC grew its holdings in MDU Resources Group by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,719,543 shares of the utilities provider's stock valued at $101,978,000 after buying an additional 65,433 shares in the last quarter. Hennessy Advisors Inc. increased its stake in MDU Resources Group by 1,098.5% in the 4th quarter. Hennessy Advisors Inc. now owns 2,155,007 shares of the utilities provider's stock worth $38,833,000 after acquiring an additional 1,975,200 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of MDU Resources Group by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,082,468 shares of the utilities provider's stock worth $57,080,000 after acquiring an additional 101,955 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of MDU Resources Group by 1.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,782,538 shares of the utilities provider's stock valued at $48,859,000 after acquiring an additional 33,982 shares during the last quarter. Institutional investors own 71.44% of the company's stock.
MDU Resources Group Trading Down 0.7 %
MDU stock traded down $0.12 during mid-day trading on Monday, reaching $16.46. 1,446,276 shares of the stock traded hands, compared to its average volume of 2,120,365. MDU Resources Group, Inc. has a one year low of $14.91 and a one year high of $30.52. The stock has a market capitalization of $3.35 billion, a PE ratio of 11.92, a PEG ratio of 2.61 and a beta of 0.80. 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 business has a 50-day moving average price of $18.26 and a two-hundred day moving average price of $22.48.
MDU Resources Group (NYSE:MDU - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. MDU Resources Group had a return on equity of 10.20% and a net margin of 7.31%. Equities research analysts expect that MDU Resources Group, Inc. will post 0.95 EPS for the current year.
MDU Resources Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Thursday, December 12th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend was Thursday, December 12th. MDU Resources Group's dividend payout ratio (DPR) is 37.68%.
Analysts Set New Price Targets
Several brokerages recently weighed in on MDU. StockNews.com cut shares of MDU Resources Group from a "hold" rating to a "sell" rating in a research report on Friday. Siebert Williams Shank upgraded shares of MDU Resources Group from a "hold" rating to a "buy" rating and set a $19.00 target price on the stock in a report on Monday, November 4th. Bank of America raised shares of MDU Resources Group from a "neutral" rating to a "buy" rating and lowered their price target for the company from $31.00 to $17.00 in a report on Tuesday, November 5th. Finally, Jefferies Financial Group started coverage on MDU Resources Group in a research note on Wednesday, January 8th. They set a "hold" rating and a $18.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, MDU Resources Group has a consensus rating of "Hold" and a consensus price target of $21.00.
Get Our Latest Report on MDU Resources Group
Insider Activity
In other news, Director Dennis W. Johnson bought 30,000 shares of MDU Resources Group stock in a transaction on Monday, February 10th. The stock was acquired at an average cost of $16.64 per share, for a total transaction of $499,200.00. Following the completion of the acquisition, the director now owns 180,166 shares of the company's stock, valued at $2,997,962.24. This trade represents a 19.98 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.00% of the company's stock.
About MDU Resources Group
(
Free Report)
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.
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