Arcadia Investment Management Corp MI Sells 11,520 Shares of MDU Resources Group, Inc. (NYSE:MDU)

Arcadia Investment Management Corp MI reduced its stake in MDU Resources Group, Inc. (NYSE:MDU) by 67.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,660 shares of the utilities provider’s stock after selling 11,520 shares during the period. Arcadia Investment Management Corp MI’s holdings in MDU Resources Group were worth $112,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in MDU. FMR LLC raised its position in MDU Resources Group by 48.7% during the third quarter. FMR LLC now owns 3,585,707 shares of the utilities provider’s stock valued at $70,208,000 after purchasing an additional 1,174,799 shares in the last quarter. River Road Asset Management LLC lifted its position in shares of MDU Resources Group by 49.6% during the 4th quarter. River Road Asset Management LLC now owns 2,931,590 shares of the utilities provider’s stock worth $58,045,000 after buying an additional 972,540 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of MDU Resources Group by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,918,944 shares of the utilities provider’s stock worth $37,995,000 after buying an additional 55,169 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in MDU Resources Group by 24.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,775,161 shares of the utilities provider’s stock valued at $35,148,000 after buying an additional 352,540 shares in the last quarter. Finally, US Bancorp DE grew its position in MDU Resources Group by 1.2% in the third quarter. US Bancorp DE now owns 1,729,704 shares of the utilities provider’s stock valued at $33,868,000 after acquiring an additional 20,970 shares during the last quarter. Institutional investors own 71.44% of the company’s stock.

Insider Buying and Selling

In other MDU Resources Group news, insider Rob L. Johnson purchased 36,291 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was purchased at an average cost of $25.46 per share, for a total transaction of $923,968.86. Following the transaction, the insider now owns 41,934 shares in the company, valued at approximately $1,067,639.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

MDU Resources Group Price Performance

MDU Resources Group stock traded up $0.14 during mid-day trading on Thursday, reaching $25.55. The company had a trading volume of 1,201,976 shares, compared to its average volume of 1,260,164. The business has a fifty day simple moving average of $23.96 and a 200 day simple moving average of $21.04. The company has a market cap of $5.21 billion, a P/E ratio of 10.92, a P/E/G ratio of 2.69 and a beta of 0.78. The company has a current ratio of 1.43, a quick ratio of 1.37 and a debt-to-equity ratio of 0.78. MDU Resources Group, Inc. has a fifty-two week low of $18.04 and a fifty-two week high of $25.78.

MDU Resources Group (NYSE:MDU) last released 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 company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.33 billion. MDU Resources Group had a return on equity of 11.42% and a net margin of 10.74%. MDU Resources Group’s revenue for the quarter was down 15.1% on a year-over-year basis. During the same quarter last year, the business posted $0.23 EPS. On average, equities research analysts predict that MDU Resources Group, Inc. will post 1.55 earnings per share for the current year.

MDU Resources Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Thursday, March 14th were issued a $0.125 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.50 dividend on an annualized basis and a yield of 1.96%. MDU Resources Group’s dividend payout ratio (DPR) is presently 21.37%.

About MDU Resources Group

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.