Nisa Investment Advisors LLC Sells 1,000 Shares of MDU Resources Group, Inc. (NYSE:MDU)

Nisa Investment Advisors LLC cut its position in shares of MDU Resources Group, Inc. (NYSE:MDU) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 51,253 shares of the utilities provider’s stock after selling 1,000 shares during the period. Nisa Investment Advisors LLC’s holdings in MDU Resources Group were worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Graham Capital Management L.P. acquired a new stake in MDU Resources Group during the third quarter worth $958,000. American Century Companies Inc. lifted its holdings in shares of MDU Resources Group by 986.4% during the 3rd quarter. American Century Companies Inc. now owns 532,361 shares of the utilities provider’s stock worth $10,424,000 after acquiring an additional 483,358 shares during the period. Oak Thistle LLC boosted its position in shares of MDU Resources Group by 248.4% during the 4th quarter. Oak Thistle LLC now owns 56,077 shares of the utilities provider’s stock valued at $1,110,000 after acquiring an additional 39,980 shares in the last quarter. FMR LLC increased its stake in MDU Resources Group by 48.7% in 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, Inspire Investing LLC raised its position in MDU Resources Group by 4.5% in the third quarter. Inspire Investing LLC now owns 15,689 shares of the utilities provider’s stock worth $307,000 after purchasing an additional 672 shares in the last quarter. 71.44% of the stock is currently owned by institutional investors.

MDU Resources Group Stock Performance

Shares of NYSE:MDU opened at $23.83 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.19. The business’s fifty day moving average price is $22.55 and its two-hundred day moving average price is $20.36. MDU Resources Group, Inc. has a fifty-two week low of $18.04 and a fifty-two week high of $25.78. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 2.69 and a beta of 0.78.

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

MDU Resources Group Dividend Announcement

The company also recently disclosed 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 2.10%. The ex-dividend date was Wednesday, March 13th. MDU Resources Group’s payout ratio is 24.51%.

Analysts Set New Price Targets

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

About MDU Resources Group

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.