SG Americas Securities LLC Sells 203,563 Shares of MDU Resources Group, Inc. (NYSE:MDU)

SG Americas Securities LLC lessened its position in shares of MDU Resources Group, Inc. (NYSE:MDU) by 95.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,430 shares of the utilities provider’s stock after selling 203,563 shares during the period. SG Americas Securities LLC’s holdings in MDU Resources Group were worth $187,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Graham Capital Management L.P. purchased a new position in MDU Resources Group in the 3rd quarter worth approximately $958,000. American Century Companies Inc. grew its stake in MDU Resources Group by 986.4% in the 3rd quarter. American Century Companies Inc. now owns 532,361 shares of the utilities provider’s stock worth $10,424,000 after buying an additional 483,358 shares in the last quarter. FMR LLC grew its stake in MDU Resources Group by 48.7% in the 3rd quarter. FMR LLC now owns 3,585,707 shares of the utilities provider’s stock worth $70,208,000 after buying an additional 1,174,799 shares in the last quarter. Inspire Investing LLC grew its stake in MDU Resources Group by 4.5% in the 3rd quarter. Inspire Investing LLC now owns 15,689 shares of the utilities provider’s stock worth $307,000 after buying an additional 672 shares in the last quarter. Finally, Invesco Ltd. grew its stake in MDU Resources Group by 32.1% in the 3rd quarter. Invesco Ltd. now owns 1,301,511 shares of the utilities provider’s stock worth $25,484,000 after buying an additional 316,264 shares in the last quarter. Institutional investors own 71.44% of the company’s stock.

Analysts Set New Price Targets

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

MDU Resources Group Price Performance

Shares of MDU Resources Group stock opened at $24.19 on Friday. MDU Resources Group, Inc. has a 52-week low of $18.04 and a 52-week high of $25.78. 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. The company has a fifty day moving average of $22.46 and a 200-day moving average of $20.33. 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 (NYSE:MDU) last announced its quarterly earnings data 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. Equities research analysts expect that MDU Resources Group, Inc. will post 1.5 EPS for the current year.

MDU Resources Group Dividend Announcement

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