MDU Resources Group, Inc. (NYSE:MDU) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 9.2% during the fourth quarter, HoldingsChannel reports. The firm owned 21,980 shares of the utilities provider’s stock after selling 2,220 shares during the period. State of Alaska Department of Revenue’s holdings in MDU Resources Group were worth $435,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of MDU Resources Group by 1.0% during the third quarter. Vanguard Group Inc. now owns 21,677,094 shares of the utilities provider’s stock worth $592,868,000 after purchasing an additional 218,558 shares in the last quarter. BlackRock Inc. lifted its stake in shares of MDU Resources Group by 1.4% during the second quarter. BlackRock Inc. now owns 19,089,418 shares of the utilities provider’s stock worth $399,732,000 after purchasing an additional 269,302 shares in the last quarter. State Street Corp lifted its stake in shares of MDU Resources Group by 12.5% during the first quarter. State Street Corp now owns 15,468,160 shares of the utilities provider’s stock worth $415,454,000 after purchasing an additional 1,716,930 shares in the last quarter. FMR LLC lifted its stake in shares of MDU Resources Group by 48.7% during the third quarter. FMR LLC now owns 3,585,707 shares of the utilities provider’s stock worth $70,208,000 after purchasing an additional 1,174,799 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of MDU Resources Group by 2.6% in the first quarter. Geode Capital Management LLC now owns 3,048,573 shares of the utilities provider’s stock worth $92,921,000 after acquiring an additional 78,311 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

MDU Resources Group Trading Down 1.1 %

NYSE:MDU opened at $24.19 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.19 and a current ratio of 1.27. MDU Resources Group, Inc. has a one year low of $18.04 and a one year high of $25.78. The business’s 50-day simple moving average is $22.46 and its 200 day simple moving average is $20.33. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 2.74 and a beta of 0.78.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Thursday, February 8th. The utilities provider reported $0.48 EPS for the quarter. MDU Resources Group had a return on equity of 8.84% and a net margin of 8.35%. The business had revenue of $1.14 billion for the quarter. As a group, sell-side analysts predict that MDU Resources Group, Inc. will post 1.5 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

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

Wall Street Analyst Weigh In

Separately, StockNews.com cut MDU Resources Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd.

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.