MDU Resources Group, Inc. (NYSE:MDU) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. decreased its position in shares of MDU Resources Group, Inc. (NYSE:MDU) by 35.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,484 shares of the utilities provider’s stock after selling 9,019 shares during the quarter. Federated Hermes Inc.’s holdings in MDU Resources Group were worth $326,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. FMR LLC lifted its holdings 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 last quarter. River Road Asset Management LLC boosted its stake in MDU Resources Group by 49.6% during the fourth quarter. River Road Asset Management LLC now owns 2,931,590 shares of the utilities provider’s stock worth $58,045,000 after buying an additional 972,540 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of MDU Resources Group by 24.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,775,161 shares of the utilities provider’s stock valued at $35,148,000 after acquiring an additional 352,540 shares during the last quarter. US Bancorp DE raised its stake in shares of MDU Resources Group by 1.2% in the 3rd quarter. US Bancorp DE now owns 1,729,704 shares of the utilities provider’s stock valued at $33,868,000 after acquiring an additional 20,970 shares during the period. Finally, Sasco Capital Inc. CT lifted its holdings in shares of MDU Resources Group by 50.4% in the 3rd quarter. Sasco Capital Inc. CT now owns 1,548,541 shares of the utilities provider’s stock worth $30,320,000 after acquiring an additional 518,820 shares during the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

MDU Resources Group Stock Down 0.1 %

Shares of NYSE:MDU opened at $25.06 on Friday. The firm has a market capitalization of $5.11 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 2.79 and a beta of 0.78. MDU Resources Group, Inc. has a 1 year low of $18.04 and a 1 year high of $25.78. 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 firm’s 50-day moving average is $23.64 and its two-hundred day moving average is $20.87.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.33 billion. MDU Resources Group had a return on equity of 11.61% and a net margin of 10.74%. The company’s revenue was down 15.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 earnings per share. Analysts predict that MDU Resources Group, Inc. will post 1.5 EPS for the current year.

MDU Resources Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Thursday, March 14th were issued 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 2.00%. MDU Resources Group’s dividend payout ratio (DPR) is 21.37%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut 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.