New York State Common Retirement Fund Has $2.83 Million Holdings in MDU Resources Group, Inc. (NYSE:MDU)

New York State Common Retirement Fund decreased its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 9.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 142,963 shares of the utilities provider’s stock after selling 15,740 shares during the quarter. New York State Common Retirement Fund’s holdings in MDU Resources Group were worth $2,831,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Fifth Third Bancorp grew its holdings in MDU Resources Group by 50.1% in the third quarter. Fifth Third Bancorp now owns 2,265 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 756 shares during the period. Planned Solutions Inc. bought a new stake in MDU Resources Group during the 4th quarter valued at $66,000. Tompkins Financial Corp raised its holdings in MDU Resources Group by 89.7% during the fourth quarter. Tompkins Financial Corp now owns 3,604 shares of the utilities provider’s stock worth $71,000 after buying an additional 1,704 shares during the last quarter. Anchor Investment Management LLC bought a new position in shares of MDU Resources Group in the fourth quarter valued at $178,000. Finally, Neo Ivy Capital Management acquired a new position in shares of MDU Resources Group during the third quarter valued at about $182,000. Institutional investors own 71.44% of the company’s stock.

Analyst Ratings Changes

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

MDU Resources Group Stock Up 1.5 %

Shares of NYSE:MDU opened at $25.43 on Tuesday. The business’s 50 day moving average is $23.73 and its 200 day moving average is $20.93. MDU Resources Group, Inc. has a 12-month low of $18.04 and a 12-month high of $25.78. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 2.69 and a beta of 0.78. The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.78.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.05. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.33 billion. MDU Resources Group had a return on equity of 11.42% and a net margin of 10.74%. The business’s revenue was down 15.1% on a year-over-year basis. During the same period last year, the business earned $0.23 EPS. On average, sell-side analysts forecast that MDU Resources Group, Inc. will post 1.55 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Thursday, March 14th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Wednesday, March 13th. MDU Resources Group’s dividend payout ratio is presently 21.37%.

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.