MDU Resources Group, Inc. (NYSE:MDU) Shares Sold by Raymond James & Associates

Raymond James & Associates cut its stake in MDU Resources Group, Inc. (NYSE:MDU) by 7.3% in the fourth quarter, Holdings Channel reports. The firm owned 185,339 shares of the utilities provider’s stock after selling 14,644 shares during the period. Raymond James & Associates’ holdings in MDU Resources Group were worth $3,670,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of MDU. Belpointe Asset Management LLC boosted its stake in MDU Resources Group by 59.7% in the 1st quarter. Belpointe Asset Management LLC now owns 1,070 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 400 shares in the last quarter. Money Concepts Capital Corp acquired a new stake in MDU Resources Group in the 4th quarter worth approximately $33,000. Itau Unibanco Holding S.A. acquired a new stake in MDU Resources Group in the 2nd quarter worth approximately $39,000. Stonebridge Capital Advisors LLC raised its position in MDU Resources Group by 71.0% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 1,325 shares of the utilities provider’s stock worth $40,000 after buying an additional 550 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in MDU Resources Group by 75.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,994 shares of the utilities provider’s stock worth $42,000 after buying an additional 860 shares during the last quarter. 71.44% of the stock is currently owned by institutional investors and hedge funds.

MDU Resources Group Stock Performance

MDU opened at $24.19 on Friday. MDU Resources Group, Inc. has a 12-month low of $18.04 and a 12-month high of $25.78. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $4.93 billion, a PE ratio of 11.86, a P/E/G ratio of 2.74 and a beta of 0.78. The firm has a 50 day moving average of $22.46 and a two-hundred day moving average of $20.33.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings results on Thursday, February 8th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter. MDU Resources Group had a net margin of 8.35% and a return on equity of 8.84%. The company had revenue of $1.14 billion during the quarter. On average, analysts anticipate that MDU Resources Group, Inc. will post 1.5 EPS for the current year.

MDU Resources Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Thursday, March 14th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Wednesday, March 13th. MDU Resources Group’s dividend payout ratio (DPR) is 24.51%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of MDU Resources Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd.

MDU Resources Group Company 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.