MDU Resources Group, Inc. (NYSE:MDU) Shares Sold by Securian Asset Management Inc

Securian Asset Management Inc decreased its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU) by 2.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,490 shares of the utilities provider’s stock after selling 418 shares during the quarter. Securian Asset Management Inc’s holdings in MDU Resources Group were worth $579,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. WINTON GROUP Ltd boosted its holdings in shares of MDU Resources Group by 107.0% during the second quarter. WINTON GROUP Ltd now owns 31,356 shares of the utilities provider’s stock worth $983,000 after purchasing an additional 16,206 shares during the last quarter. Frontier Capital Management Co. LLC boosted its holdings in shares of MDU Resources Group by 1.8% during the second quarter. Frontier Capital Management Co. LLC now owns 1,370,571 shares of the utilities provider’s stock worth $42,954,000 after purchasing an additional 24,008 shares during the last quarter. Clark Financial Services Group Inc. BD acquired a new stake in shares of MDU Resources Group during the second quarter worth $1,638,000. Duality Advisers LP boosted its holdings in shares of MDU Resources Group by 946.4% during the second quarter. Duality Advisers LP now owns 79,277 shares of the utilities provider’s stock worth $2,485,000 after purchasing an additional 71,701 shares during the last quarter. Finally, Hancock Whitney Corp boosted its holdings in MDU Resources Group by 2.8% in the second quarter. Hancock Whitney Corp now owns 60,880 shares of the utilities provider’s stock valued at $1,907,000 after acquiring an additional 1,663 shares during the last quarter. Institutional investors and hedge funds own 68.20% of the company’s stock.

Shares of MDU Resources Group stock opened at $29.97 on Friday. MDU Resources Group, Inc. has a twelve month low of $21.41 and a twelve month high of $35.02. The stock has a market capitalization of $6.07 billion, a P/E ratio of 14.41, a PEG ratio of 2.10 and a beta of 0.72. The company has a current ratio of 1.55, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The business’s fifty day moving average price is $31.86 and its 200 day moving average price is $32.17.

MDU Resources Group (NYSE:MDU) last issued its earnings results on Wednesday, August 4th. The utilities provider reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.03). MDU Resources Group had a net margin of 7.43% and a return on equity of 13.47%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the business posted $0.50 EPS. MDU Resources Group’s revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts predict that MDU Resources Group, Inc. will post 2.12 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 1st. Shareholders of record on Thursday, September 9th will be given a $0.2125 dividend. This represents a $0.85 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Wednesday, September 8th. MDU Resources Group’s dividend payout ratio (DPR) is presently 43.59%.

Separately, Zacks Investment Research upgraded MDU Resources Group from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Monday, September 13th.

About MDU Resources Group

MDU Resources Group, Inc engages in the provision of natural resource products and related services to energy and transportation infrastructure. It operates through the following business segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, Construction Services, and Other.

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

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