MDU Resources Group, Inc. (NYSE:MDU) Shares Sold by American International Group Inc.

American International Group Inc. lessened its stake in MDU Resources Group, Inc. (NYSE:MDU) by 4.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 275,055 shares of the utilities provider’s stock after selling 11,836 shares during the period. American International Group Inc. owned about 0.14% of MDU Resources Group worth $5,446,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TFO Wealth Partners LLC grew its stake in shares of MDU Resources Group by 16,070.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,617 shares of the utilities provider’s stock valued at $32,000 after buying an additional 1,607 shares in the last quarter. Planned Solutions Inc. purchased a new stake in MDU Resources Group during the fourth quarter worth about $66,000. Tompkins Financial Corp increased its stake in MDU Resources Group by 89.7% during the fourth quarter. Tompkins Financial Corp now owns 3,604 shares of the utilities provider’s stock worth $71,000 after purchasing an additional 1,704 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of MDU Resources Group during the fourth quarter worth about $178,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of MDU Resources Group by 129.3% in the fourth quarter. Jones Financial Companies Lllp now owns 8,977 shares of the utilities provider’s stock valued at $178,000 after purchasing an additional 5,062 shares during the period. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Insider Activity

In other MDU Resources Group news, insider Rob L. Johnson bought 36,291 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average price of $25.46 per share, for a total transaction of $923,968.86. Following the completion of the purchase, the insider now directly owns 41,934 shares in the company, valued at $1,067,639.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.00% of the company’s stock.

MDU Resources Group Stock Performance

Shares of MDU Resources Group stock opened at $25.27 on Friday. The business has a 50-day simple moving average of $24.90 and a 200-day simple moving average of $22.41. The company has a market cap of $5.15 billion, a PE ratio of 10.80, a P/E/G ratio of 2.71 and a beta of 0.77. MDU Resources Group, Inc. has a one year low of $18.04 and a one year high of $25.99. 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 (NYSE:MDU) last announced its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 10.74% and a return on equity of 11.42%. The company’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS. On average, equities research analysts forecast that MDU Resources Group, Inc. will post 1.55 EPS for the current fiscal year.

MDU Resources Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Thursday, June 13th will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.50 annualized dividend and a dividend yield of 1.98%. MDU Resources Group’s dividend payout ratio is currently 21.37%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MDU. Argus upgraded shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Monday, May 20th. StockNews.com upgraded MDU Resources Group from a “hold” rating to a “buy” rating in a report on Monday, May 27th.

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.