New York State Teachers Retirement System Sells 717 Shares of MDU Resources Group, Inc. (NYSE:MDU)

New York State Teachers Retirement System cut its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 245,305 shares of the utilities provider’s stock after selling 717 shares during the quarter. New York State Teachers Retirement System owned approximately 0.12% of MDU Resources Group worth $4,857,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in 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 valued at $592,868,000 after acquiring an additional 218,558 shares during the period. BlackRock Inc. raised its holdings in MDU Resources Group by 1.4% during the second quarter. BlackRock Inc. now owns 19,089,418 shares of the utilities provider’s stock valued at $399,732,000 after acquiring an additional 269,302 shares during the period. State Street Corp raised its holdings in 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 valued at $415,454,000 after acquiring an additional 1,716,930 shares during the period. FMR LLC raised its holdings in MDU Resources Group by 48.7% during the third quarter. FMR LLC now owns 3,585,707 shares of the utilities provider’s stock valued at $70,208,000 after acquiring an additional 1,174,799 shares during the period. Finally, Geode Capital Management LLC raised its holdings in MDU Resources Group by 2.6% during the first quarter. Geode Capital Management LLC now owns 3,048,573 shares of the utilities provider’s stock valued at $92,921,000 after acquiring an additional 78,311 shares during the period. 71.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

MDU Resources Group Trading Down 1.1 %

Shares of MDU stock 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 stock’s 50-day moving average price is $22.46 and its 200-day moving average price is $20.33. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 2.72 and a beta of 0.78.

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

MDU Resources Group Announces Dividend

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

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.