Natixis Advisors LLC Has $708,000 Stock Position in MDU Resources Group, Inc. (NYSE:MDU)

Natixis Advisors LLC lowered its position in shares of MDU Resources Group, Inc. (NYSE:MDU) by 28.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,848 shares of the utilities provider’s stock after selling 16,336 shares during the quarter. Natixis Advisors LLC’s holdings in MDU Resources Group were worth $708,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Mackenzie Financial Corp increased its position in MDU Resources Group by 3.5% in the 4th quarter. Mackenzie Financial Corp now owns 18,974 shares of the utilities provider’s stock valued at $342,000 after acquiring an additional 650 shares in the last quarter. Dakota Wealth Management increased its position in MDU Resources Group by 1.3% in the 1st quarter. Dakota Wealth Management now owns 75,678 shares of the utilities provider’s stock valued at $1,289,000 after acquiring an additional 965 shares in the last quarter. Bessemer Group Inc. increased its position in MDU Resources Group by 179.0% in the 1st quarter. Bessemer Group Inc. now owns 1,518 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 974 shares in the last quarter. GAMMA Investing LLC increased its position in MDU Resources Group by 241.9% in the 1st quarter. GAMMA Investing LLC now owns 1,843 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 1,304 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in MDU Resources Group by 8.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,663 shares of the utilities provider’s stock valued at $366,000 after acquiring an additional 1,742 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

MDU Resources Group Stock Up 1.3%

Shares of NYSE:MDU opened at $16.54 on Monday. MDU Resources Group, Inc. has a one year low of $14.91 and a one year high of $30.52. The company has a 50 day moving average of $16.76 and a 200-day moving average of $16.88. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.74 and a quick ratio of 0.71. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 2.52 and a beta of 0.73.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.06). MDU Resources Group had a return on equity of 8.29% and a net margin of 8.25%. The business had revenue of $351.20 million for the quarter, compared to analyst estimates of $315.67 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts forecast that MDU Resources Group, Inc. will post 0.94 earnings per share for the current year.

MDU Resources Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Thursday, June 12th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.1%. MDU Resources Group’s dividend payout ratio is 49.06%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research report on Saturday.

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.