Bank of New York Mellon Corp reduced its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU – Free Report) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,022,319 shares of the utilities provider’s stock after selling 88,276 shares during the period. Bank of New York Mellon Corp owned about 0.99% of MDU Resources Group worth $34,197,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of MDU. First Trust Advisors LP raised its holdings in MDU Resources Group by 132.0% in the fourth quarter. First Trust Advisors LP now owns 6,999,856 shares of the utilities provider’s stock worth $126,137,000 after purchasing an additional 3,982,783 shares in the last quarter. Vanguard Group Inc. raised its position in MDU Resources Group by 16.6% in the 4th quarter. Vanguard Group Inc. now owns 22,997,452 shares of the utilities provider’s stock worth $414,414,000 after buying an additional 3,276,114 shares during the last quarter. Norges Bank purchased a new position in MDU Resources Group in the 4th quarter worth about $40,857,000. Pertento Partners LLP raised its position in MDU Resources Group by 90.3% in the 4th quarter. Pertento Partners LLP now owns 2,990,144 shares of the utilities provider’s stock worth $53,882,000 after buying an additional 1,419,118 shares during the last quarter. Finally, Brandywine Global Investment Management LLC raised its position in MDU Resources Group by 300.1% in the 4th quarter. Brandywine Global Investment Management LLC now owns 691,993 shares of the utilities provider’s stock worth $12,470,000 after buying an additional 519,029 shares during the last quarter. 71.44% of the stock is currently owned by institutional investors.
MDU Resources Group Price Performance
MDU opened at $16.65 on Wednesday. MDU Resources Group, Inc. has a 12-month low of $13.23 and a 12-month high of $20.39. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.74. The business’s fifty day simple moving average is $16.80 and its 200-day simple moving average is $17.02. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 2.75 and a beta of 0.70.
MDU Resources Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Thursday, June 12th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.12%. MDU Resources Group’s dividend payout ratio (DPR) is presently 40.31%.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded MDU Resources Group from a “sell” rating to a “hold” rating in a research note on Monday, May 12th.
Check Out Our Latest Research Report on MDU
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.
Featured Articles
- Five stocks we like better than MDU Resources Group
- How to Invest in the FAANG Stocks
- JPMorgan Q2 Results Affirm Dividend, Buybacks, & Growth
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Goldman Spotlights These 3 Stocks in Its Bullish S&P 500 Outlook
- How to find penny stocks to invest and tradeĀ
- Fastenal Surges After Earnings Beat, Tariff Risks Loom
Want to see what other hedge funds are holding MDU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MDU Resources Group, Inc. (NYSE:MDU – Free Report).
Receive News & Ratings for MDU Resources Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MDU Resources Group and related companies with MarketBeat.com's FREE daily email newsletter.