Teacher Retirement System of Texas Sells 62,553 Shares of MDU Resources Group, Inc. (NYSE:MDU)

Teacher Retirement System of Texas lessened its holdings in MDU Resources Group, Inc. (NYSE:MDUFree Report) by 68.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,317 shares of the utilities provider’s stock after selling 62,553 shares during the period. Teacher Retirement System of Texas’ holdings in MDU Resources Group were worth $479,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MDU. Vanguard Group Inc. grew its stake in shares of 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of MDU Resources Group by 6.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,186,994 shares of the utilities provider’s stock valued at $147,530,000 after acquiring an additional 467,355 shares during the last quarter. First Trust Advisors LP grew its position 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 acquiring an additional 3,982,783 shares in the last quarter. Pertento Partners LLP increased its stake in MDU Resources Group by 90.3% during the fourth quarter. Pertento Partners LLP now owns 2,990,144 shares of the utilities provider’s stock worth $53,882,000 after acquiring an additional 1,419,118 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in MDU Resources Group by 7.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,276,045 shares of the utilities provider’s stock valued at $38,533,000 after purchasing an additional 162,026 shares during the period. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised MDU Resources Group from a “sell” rating to a “hold” rating in a research note on Monday, May 12th.

View Our Latest Stock Report on MDU

MDU Resources Group Price Performance

MDU Resources Group stock opened at $16.90 on Thursday. 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 firm has a 50-day moving average price of $16.78 and a 200-day moving average price of $17.02. The firm has a market capitalization of $3.45 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 2.71 and a beta of 0.70.

MDU Resources Group (NYSE:MDUGet Free Report) last announced its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. The business had revenue of $674.80 million during the quarter, compared to the consensus estimate of $653.13 million. MDU Resources Group had a net margin of 7.93% and a return on equity of 9.86%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 earnings per share. As a group, equities research analysts forecast that MDU Resources Group, Inc. will post 0.94 EPS for the current year.

MDU Resources Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Thursday, June 12th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.08%. MDU Resources Group’s dividend payout ratio (DPR) is presently 40.31%.

About MDU Resources Group

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for MDU Resources Group (NYSE:MDU)

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