MDU Resources Group, Inc. (NYSE:MDU) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU) by 72.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,885 shares of the utilities provider’s stock after selling 79,307 shares during the period. Mutual of America Capital Management LLC’s holdings in MDU Resources Group were worth $557,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Foundry Partners LLC acquired a new stake in shares of MDU Resources Group during the third quarter worth about $4,594,000. Friedenthal Financial purchased a new stake in MDU Resources Group during the 4th quarter valued at approximately $778,000. Assenagon Asset Management S.A. grew its stake in shares of MDU Resources Group by 42.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 115,907 shares of the utilities provider’s stock valued at $2,089,000 after purchasing an additional 34,409 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of MDU Resources Group by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,082,468 shares of the utilities provider’s stock valued at $57,080,000 after purchasing an additional 101,955 shares during the last quarter. Finally, Cascade Investment Advisors Inc. increased its holdings in shares of MDU Resources Group by 21.3% in the fourth quarter. Cascade Investment Advisors Inc. now owns 81,626 shares of the utilities provider’s stock valued at $1,471,000 after purchasing an additional 14,360 shares during the period. 71.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other MDU Resources Group news, Director Dennis W. Johnson purchased 30,000 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were purchased at an average price of $16.64 per share, for a total transaction of $499,200.00. Following the completion of the acquisition, the director now owns 180,166 shares of the company’s stock, valued at approximately $2,997,962.24. This represents a 19.98 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

MDU has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Jefferies Financial Group started coverage on MDU Resources Group in a research note on Wednesday, January 8th. They issued a “hold” rating and a $18.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $21.00.

MDU Resources Group Trading Up 0.5 %

Shares of MDU stock opened at $16.63 on Monday. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 2.76 and a beta of 0.81. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average price of $17.47 and a 200 day moving average price of $21.27. MDU Resources Group, Inc. has a twelve month low of $14.91 and a twelve month high of $30.52.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. MDU Resources Group had a return on equity of 10.20% and a net margin of 7.31%. Research analysts forecast that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.13%. MDU Resources Group’s dividend payout ratio (DPR) is 37.68%.

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.