MDU Resources Group, Inc. (NYSE:MDU) Stock Holdings Decreased by Point72 Asset Management L.P.

Point72 Asset Management L.P. lessened its stake in MDU Resources Group, Inc. (NYSE:MDU) by 29.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 442,330 shares of the utilities provider’s stock after selling 184,870 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.22% of MDU Resources Group worth $11,102,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of MDU. Barrow Hanley Mewhinney & Strauss LLC raised its stake in MDU Resources Group by 40.9% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,048,344 shares of the utilities provider’s stock valued at $151,813,000 after buying an additional 1,756,530 shares in the last quarter. American Century Companies Inc. raised its position in shares of MDU Resources Group by 30.7% during the 2nd quarter. American Century Companies Inc. now owns 4,158,224 shares of the utilities provider’s stock worth $104,371,000 after purchasing an additional 977,487 shares during the period. Hood River Capital Management LLC acquired a new position in shares of MDU Resources Group during the second quarter valued at $24,372,000. Dimensional Fund Advisors LP boosted its stake in MDU Resources Group by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,491,990 shares of the utilities provider’s stock valued at $188,049,000 after purchasing an additional 563,424 shares during the period. Finally, AQR Capital Management LLC grew its holdings in MDU Resources Group by 36.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,745,980 shares of the utilities provider’s stock worth $43,824,000 after buying an additional 467,465 shares in the last quarter. Institutional investors own 71.44% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut MDU Resources Group from a “buy” rating to a “hold” rating in a research note on Friday, July 26th.

MDU Resources Group Stock Down 0.1 %

MDU Resources Group stock opened at $27.39 on Tuesday. The company’s 50-day moving average price is $25.79 and its two-hundred day moving average price is $25.14. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 2.62 and a beta of 0.77. MDU Resources Group, Inc. has a 52 week low of $18.04 and a 52 week high of $27.92. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 0.73.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.11. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.06 billion. MDU Resources Group had a return on equity of 11.29% and a net margin of 9.25%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period last year, the firm earned $0.29 EPS. On average, analysts expect that MDU Resources Group, Inc. will post 1.58 EPS for the current fiscal year.

MDU Resources Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Thursday, September 12th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.90%. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.13. MDU Resources Group’s dividend payout ratio is currently 22.22%.

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.