MDU Resources Group, Inc. (NYSE:MDU) Position Lessened by US Bancorp DE

US Bancorp DE decreased its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU) by 0.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,670,277 shares of the utilities provider’s stock after selling 13,256 shares during the period. US Bancorp DE’s holdings in MDU Resources Group were worth $42,091,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. TFO Wealth Partners LLC grew its holdings in MDU Resources Group by 16,070.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,617 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 1,607 shares during the last quarter. Planned Solutions Inc. acquired a new position in shares of MDU Resources Group in the fourth quarter valued at $66,000. Tompkins Financial Corp lifted its holdings in shares of MDU Resources Group by 89.7% during the 4th quarter. Tompkins Financial Corp now owns 3,604 shares of the utilities provider’s stock worth $71,000 after acquiring an additional 1,704 shares during the period. Mendota Financial Group LLC boosted its position in shares of MDU Resources Group by 32.9% during the 1st quarter. Mendota Financial Group LLC now owns 5,920 shares of the utilities provider’s stock valued at $149,000 after acquiring an additional 1,465 shares in the last quarter. Finally, Anchor Investment Management LLC acquired a new stake in shares of MDU Resources Group during the 4th quarter valued at about $178,000. Institutional investors own 71.44% of the company’s stock.

Insider Transactions at MDU Resources Group

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

MDU Resources Group Price Performance

Shares of NYSE MDU traded up $0.69 during mid-day trading on Tuesday, hitting $26.18. 997,672 shares of the stock were exchanged, compared to its average volume of 1,231,084. The company has a market cap of $5.34 billion, a P/E ratio of 11.18, a PEG ratio of 2.72 and a beta of 0.77. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.37 and a current ratio of 1.43. MDU Resources Group, Inc. has a twelve month low of $18.04 and a twelve month high of $26.23. The stock’s fifty day simple moving average is $25.07 and its two-hundred day simple moving average is $23.06.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.33 billion. MDU Resources Group had a net margin of 10.74% and a return on equity of 11.42%. The company’s revenue was down 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 EPS. As a group, analysts forecast that MDU Resources Group, Inc. will post 1.55 EPS for the current fiscal year.

MDU Resources Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Thursday, June 13th were issued a $0.125 dividend. The ex-dividend date was Thursday, June 13th. This represents a $0.50 annualized dividend and a yield of 1.91%. MDU Resources Group’s dividend payout ratio is currently 21.37%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Argus upgraded MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Monday, May 20th. StockNews.com raised MDU Resources Group from a “hold” rating to a “buy” rating in a report on Friday.

MDU Resources Group 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.