MDU Resources Group, Inc. (NYSE:MDU) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in MDU Resources Group, Inc. (NYSE:MDU) by 4.9% in the fourth quarter, Holdings Channel reports. The fund owned 125,843 shares of the utilities provider’s stock after selling 6,538 shares during the period. Mutual of America Capital Management LLC’s holdings in MDU Resources Group were worth $2,492,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MDU. Belpointe Asset Management LLC increased its stake in shares of 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 acquiring an additional 400 shares during the last quarter. Money Concepts Capital Corp acquired a new stake in shares of MDU Resources Group in the 4th quarter worth $33,000. Itau Unibanco Holding S.A. acquired a new stake in shares of MDU Resources Group in the 2nd quarter worth $39,000. Stonebridge Capital Advisors LLC increased its stake in shares of MDU Resources Group by 71.0% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 1,325 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 550 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of MDU Resources Group by 50.1% in the 3rd quarter. Fifth Third Bancorp now owns 2,265 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 756 shares during the last quarter. 71.44% of the stock is owned by institutional investors and hedge funds.

MDU Resources Group Stock Up 1.8 %

Shares of NYSE:MDU opened at $24.02 on Friday. The business has a 50-day moving average price of $22.86 and a 200 day moving average price of $20.47. 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 company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 2.62 and a beta of 0.78. MDU Resources Group, Inc. has a 12-month low of $18.04 and a 12-month high of $25.78.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data 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 during the quarter. MDU Resources Group had a return on equity of 8.84% and a net margin of 8.35%. Sell-side 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. Investors of record on Thursday, March 14th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.08%. 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 research note 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.