Treasurer of the State of North Carolina reduced its position in Mdu Resources Group Inc (NYSE:MDU) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,759 shares of the utilities provider’s stock after selling 1,935 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Mdu Resources Group were worth $2,496,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Personal Wealth Partners purchased a new stake in shares of Mdu Resources Group during the second quarter valued at $28,000. Stonebridge Capital Advisors LLC acquired a new position in shares of Mdu Resources Group in the second quarter worth about $29,000. CWM LLC acquired a new position in shares of Mdu Resources Group in the second quarter worth about $31,000. Country Trust Bank acquired a new position in shares of Mdu Resources Group in the second quarter worth about $35,000. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of Mdu Resources Group in the second quarter worth about $46,000. 68.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of MDU traded up $0.06 during mid-day trading on Wednesday, hitting $27.41. 1,212 shares of the company were exchanged, compared to its average volume of 1,044,001. Mdu Resources Group Inc has a 1-year low of $22.73 and a 1-year high of $28.82. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.23 and a current ratio of 1.58. The company has a 50 day moving average of $27.52 and a 200-day moving average of $26.26. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 2.63 and a beta of 0.65.

Mdu Resources Group (NYSE:MDU) last announced its quarterly earnings data on Tuesday, July 30th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Mdu Resources Group had a net margin of 5.91% and a return on equity of 11.11%. Mdu Resources Group’s revenue was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 EPS. Research analysts anticipate that Mdu Resources Group Inc will post 1.5 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Thursday, September 12th were given a dividend of $0.2025 per share. This represents a $0.81 annualized dividend and a yield of 2.96%. The ex-dividend date was Wednesday, September 11th. Mdu Resources Group’s payout ratio is currently 58.70%.

Separately, Williams Capital upped their price target on shares of Mdu Resources Group from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, September 16th.

Mdu Resources Group Profile

MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. It operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming.

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

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