MDU Resources Group, Inc. (NYSE:MDU) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. trimmed its position in MDU Resources Group, Inc. (NYSE:MDU) by 0.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,068,517 shares of the utilities provider’s stock after selling 9,721 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in MDU Resources Group were worth $21,157,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MDU. Fairfield Bush & CO. acquired a new stake in shares of MDU Resources Group in the 1st quarter valued at $124,000. American Century Companies Inc. raised its holdings in shares of MDU Resources Group by 21.3% in the 1st quarter. American Century Companies Inc. now owns 20,101 shares of the utilities provider’s stock valued at $536,000 after purchasing an additional 3,523 shares in the last quarter. Citigroup Inc. raised its holdings in shares of MDU Resources Group by 119.7% in the 1st quarter. Citigroup Inc. now owns 67,933 shares of the utilities provider’s stock valued at $1,811,000 after purchasing an additional 37,018 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of MDU Resources Group in the 1st quarter valued at $771,000. Finally, MetLife Investment Management LLC raised its holdings in shares of MDU Resources Group by 33.4% in the 1st quarter. MetLife Investment Management LLC now owns 131,476 shares of the utilities provider’s stock valued at $3,504,000 after purchasing an additional 32,930 shares in the last quarter. 71.44% of the stock is currently owned by institutional investors and hedge funds.

MDU Resources Group Price Performance

Shares of NYSE:MDU opened at $25.08 on Wednesday. The company’s fifty day moving average price is $22.08 and its 200 day moving average price is $20.20. MDU Resources Group, Inc. has a 12 month low of $18.04 and a 12 month 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 has a market capitalization of $5.11 billion, a P/E ratio of 12.29, a P/E/G ratio of 2.79 and a beta of 0.78.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings results on Thursday, February 8th. The utilities provider reported $0.48 EPS for the quarter. MDU Resources Group had a net margin of 8.35% and a return on equity of 8.84%. The firm had revenue of $1.14 billion for the quarter. As a group, sell-side analysts predict that MDU Resources Group, Inc. will post 1.5 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Thursday, March 14th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.50 annualized dividend and a yield of 1.99%. MDU Resources Group’s dividend payout ratio is currently 24.51%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of 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.