First PREMIER Bank Sells 24,165 Shares of MDU Resources Group Inc (MDU)

First PREMIER Bank decreased its position in shares of MDU Resources Group Inc (NYSE:MDU) by 34.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,734 shares of the utilities provider’s stock after selling 24,165 shares during the period. First PREMIER Bank’s holdings in MDU Resources Group were worth $1,091,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Retirement Systems of Alabama increased its position in shares of MDU Resources Group by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 254,150 shares of the utilities provider’s stock worth $6,059,000 after purchasing an additional 834 shares during the period. GHP Investment Advisors Inc. grew its position in MDU Resources Group by 8.1% in the second quarter. GHP Investment Advisors Inc. now owns 35,766 shares of the utilities provider’s stock valued at $1,026,000 after acquiring an additional 2,689 shares during the last quarter. Russell Investments Group Ltd. grew its position in MDU Resources Group by 4.2% in the second quarter. Russell Investments Group Ltd. now owns 67,190 shares of the utilities provider’s stock valued at $1,928,000 after acquiring an additional 2,724 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in MDU Resources Group by 21.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 15,991 shares of the utilities provider’s stock valued at $411,000 after acquiring an additional 2,818 shares during the last quarter. Finally, Oakbrook Investments LLC grew its position in MDU Resources Group by 35.4% in the third quarter. Oakbrook Investments LLC now owns 12,249 shares of the utilities provider’s stock valued at $315,000 after acquiring an additional 3,200 shares during the last quarter. Institutional investors own 64.44% of the company’s stock.

Separately, Zacks Investment Research upgraded MDU Resources Group from a “sell” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Thursday, January 3rd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $28.25.

MDU Resources Group stock traded down $0.29 during midday trading on Monday, reaching $24.00. The company’s stock had a trading volume of 398,553 shares, compared to its average volume of 1,167,734. MDU Resources Group Inc has a 52 week low of $22.73 and a 52 week high of $29.62. The stock has a market cap of $4.71 billion, a PE ratio of 19.20, a P/E/G ratio of 2.65 and a beta of 0.60. The company has a quick ratio of 1.30, a current ratio of 1.67 and a debt-to-equity ratio of 0.76.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.01). MDU Resources Group had a net margin of 6.88% and a return on equity of 10.95%. The firm had revenue of $1.28 billion for the quarter. During the same quarter last year, the firm earned $0.46 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. As a group, analysts expect that MDU Resources Group Inc will post 1.37 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 1st. Stockholders of record on Thursday, December 13th were paid a dividend of $0.2025 per share. This represents a $0.81 dividend on an annualized basis and a dividend yield of 3.38%. This is a positive change from MDU Resources Group’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, December 12th. MDU Resources Group’s dividend payout ratio (DPR) is presently 64.80%.

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MDU Resources Group Company Profile

MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services.

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Institutional Ownership by Quarter for MDU Resources Group (NYSE:MDU)

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