SG Americas Securities LLC Reduces Holdings in MDU Resources Group, Inc. (NYSE:MDU)

SG Americas Securities LLC trimmed its holdings in shares of MDU Resources Group, Inc. (NYSE:MDUGet Rating) by 39.7% in the first quarter, HoldingsChannel reports. The firm owned 77,696 shares of the utilities provider’s stock after selling 51,068 shares during the period. SG Americas Securities LLC’s holdings in MDU Resources Group were worth $2,071,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Meritage Portfolio Management increased its stake in shares of MDU Resources Group by 5.4% during the 4th quarter. Meritage Portfolio Management now owns 7,372 shares of the utilities provider’s stock worth $227,000 after purchasing an additional 378 shares in the last quarter. Chase Investment Counsel Corp grew its stake in MDU Resources Group by 3.2% in the 1st quarter. Chase Investment Counsel Corp now owns 12,286 shares of the utilities provider’s stock worth $327,000 after acquiring an additional 380 shares during the period. Signaturefd LLC grew its stake in MDU Resources Group by 83.6% in the 4th quarter. Signaturefd LLC now owns 839 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 382 shares during the period. Fifth Third Bancorp grew its stake in MDU Resources Group by 28.9% in the 1st quarter. Fifth Third Bancorp now owns 1,880 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 422 shares during the period. Finally, Smith Moore & CO. grew its stake in MDU Resources Group by 1.8% in the 4th quarter. Smith Moore & CO. now owns 23,622 shares of the utilities provider’s stock worth $729,000 after acquiring an additional 425 shares during the period. 70.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of MDU Resources Group in a research note on Thursday, March 31st. They issued a “hold” rating for the company.

MDU Resources Group Stock Up 0.7 %

MDU stock opened at $26.96 on Monday. The stock has a market capitalization of $5.48 billion, a P/E ratio of 15.32, a PEG ratio of 1.91 and a beta of 0.75. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.02 and a current ratio of 1.35. MDU Resources Group, Inc. has a one year low of $24.92 and a one year high of $33.34. The company has a 50 day moving average price of $26.91 and a two-hundred day moving average price of $27.15.

MDU Resources Group (NYSE:MDUGet Rating) last released its earnings results on Wednesday, May 4th. The utilities provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). MDU Resources Group had a return on equity of 10.77% and a net margin of 6.09%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm posted $0.26 earnings per share. The firm’s revenue was up 15.4% on a year-over-year basis. As a group, sell-side analysts expect that MDU Resources Group, Inc. will post 2.05 EPS for the current year.

MDU Resources Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Thursday, June 9th were paid a dividend of $0.2175 per share. The ex-dividend date was Wednesday, June 8th. This represents a $0.87 annualized dividend and a dividend yield of 3.23%. MDU Resources Group’s dividend payout ratio is presently 49.43%.

MDU Resources Group Company Profile

(Get Rating)

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. The company's Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming, as well as operates 3,500 miles of transmission lines and 4,800 miles of distribution lines.

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Institutional Ownership by Quarter for MDU Resources Group (NYSE:MDU)

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