First Citizens Bank & Trust Co. trimmed its stake in MDU Resources Group Inc (NYSE:MDU) by 50.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 12,401 shares of the utilities provider’s stock after selling 12,700 shares during the period. First Citizens Bank & Trust Co.’s holdings in MDU Resources Group were worth $333,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in MDU. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of MDU Resources Group by 8.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,671 shares of the utilities provider’s stock valued at $175,000 after acquiring an additional 537 shares during the period. Sei Investments Co. raised its stake in shares of MDU Resources Group by 47.4% in the 3rd quarter. Sei Investments Co. now owns 7,509 shares of the utilities provider’s stock valued at $195,000 after acquiring an additional 2,414 shares during the period. Gs Investments Inc. purchased a new stake in shares of MDU Resources Group in the 2nd quarter valued at approximately $200,000. Eqis Capital Management Inc. acquired a new position in shares of MDU Resources Group in the third quarter valued at approximately $203,000. Finally, Griffin Asset Management Inc. acquired a new position in shares of MDU Resources Group in the second quarter valued at approximately $215,000. 63.54% of the stock is currently owned by institutional investors and hedge funds.
MDU Resources Group Inc (MDU) opened at $26.08 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.28 and a debt-to-equity ratio of 0.68. The firm has a market cap of $5,090.00, a P/E ratio of 21.73, a P/E/G ratio of 2.51 and a beta of 0.92. MDU Resources Group Inc has a twelve month low of $25.14 and a twelve month high of $29.74.
MDU Resources Group (NYSE:MDU) last announced its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The business had revenue of $1.27 billion during the quarter. MDU Resources Group had a net margin of 5.39% and a return on equity of 10.20%. During the same period in the prior year, the business earned $0.45 EPS. research analysts expect that MDU Resources Group Inc will post 1.19 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Thursday, December 14th were issued a $0.1975 dividend. The ex-dividend date was Wednesday, December 13th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 3.03%. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.19. MDU Resources Group’s payout ratio is 65.83%.
A number of research analysts recently weighed in on MDU shares. KeyCorp restated a “buy” rating and issued a $29.50 price objective on shares of MDU Resources Group in a report on Friday, December 15th. Zacks Investment Research upgraded shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Wednesday, October 11th.
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MDU Resources Group Profile
MDU Resources Group, Inc is engaged in regulated energy delivery and construction materials and services business. The Company’s businesses segments are electric, natural gas distribution, pipeline and midstream, construction materials and contracting, and construction services. The electric segment generates, transmits and distributes electricity.
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