Strs Ohio Cuts Stake in MDU Resources Group, Inc. (NYSE:MDU)

Strs Ohio lessened its stake in MDU Resources Group, Inc. (NYSE:MDU) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,898 shares of the utilities provider’s stock after selling 3,614 shares during the quarter. Strs Ohio’s holdings in MDU Resources Group were worth $1,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of MDU. Vanguard Group Inc. increased its stake in MDU Resources Group by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 21,677,094 shares of the utilities provider’s stock valued at $592,868,000 after purchasing an additional 218,558 shares in the last quarter. BlackRock Inc. increased its position 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 valued at $399,732,000 after acquiring an additional 269,302 shares in the last quarter. State Street Corp raised its holdings in MDU Resources Group by 12.5% in the 1st quarter. State Street Corp now owns 15,468,160 shares of the utilities provider’s stock worth $415,454,000 after acquiring an additional 1,716,930 shares during the last quarter. FMR LLC lifted its position 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 valued at $70,208,000 after acquiring an additional 1,174,799 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in MDU Resources Group by 2.6% in the 1st 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 in the last quarter. Institutional investors own 71.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

MDU Resources Group Price Performance

Shares of NYSE:MDU opened at $24.02 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. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 2.62 and a beta of 0.78. The business has a 50-day simple moving average of $22.86 and a two-hundred day simple moving average of $20.47. MDU Resources Group, Inc. has a fifty-two week low of $18.04 and a fifty-two week high of $25.78.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings data on Thursday, February 8th. The utilities provider reported $0.48 earnings per share for the quarter. The firm had revenue of $1.14 billion during the quarter. MDU Resources Group had a net margin of 8.35% and a return on equity of 8.84%. On average, analysts expect that MDU Resources Group, Inc. will post 1.5 earnings per share for the current year.

MDU Resources Group Dividend Announcement

The company also recently declared 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 2.08%. MDU Resources Group’s dividend payout ratio (DPR) is currently 24.51%.

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.