MDU Resources Group, Inc. (NYSE:MDU) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,276,045 shares of the utilities provider's stock after acquiring an additional 162,026 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.11% of MDU Resources Group worth $38,533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MDU. Bank of New York Mellon Corp boosted its position in shares of MDU Resources Group by 18.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,110,595 shares of the utilities provider's stock valued at $38,033,000 after acquiring an additional 324,757 shares during the last quarter. US Bancorp DE boosted its position in shares of MDU Resources Group by 3.4% during the 4th quarter. US Bancorp DE now owns 1,730,962 shares of the utilities provider's stock valued at $31,192,000 after acquiring an additional 57,265 shares during the last quarter. Bailard Inc. boosted its position in shares of MDU Resources Group by 109.2% during the 4th quarter. Bailard Inc. now owns 43,288 shares of the utilities provider's stock valued at $780,000 after acquiring an additional 22,600 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of MDU Resources Group by 39.9% during the 4th quarter. Jones Financial Companies Lllp now owns 89,116 shares of the utilities provider's stock valued at $1,606,000 after acquiring an additional 25,423 shares during the last quarter. Finally, Unified Investment Management acquired a new position in shares of MDU Resources Group during the 4th quarter valued at about $371,000. Institutional investors and hedge funds own 71.44% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of MDU Resources Group from a "sell" rating to a "hold" rating in a report on Monday, May 12th.

MDU Resources Group Trading Up 0.6%

MDU traded up $0.10 on Tuesday, hitting $16.77. The company had a trading volume of 2,520,381 shares, compared to its average volume of 2,363,518. The firm has a market cap of $3.43 billion, a P/E ratio of 13.00, a PEG ratio of 2.71 and a beta of 0.72. MDU Resources Group, Inc. has a 1 year low of $13.23 and a 1 year high of $20.39. The company's fifty day moving average price is $16.91 and its 200 day moving average price is $17.13. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.74.

MDU Resources Group (NYSE:MDU - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. The firm had revenue of $674.80 million for the quarter, compared to analyst estimates of $653.13 million. MDU Resources Group had a net margin of 7.93% and a return on equity of 9.86%. MDU Resources Group's revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. As a group, equities analysts expect that MDU Resources Group, Inc. will post 0.94 earnings per share for the current year.

MDU Resources Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Thursday, June 12th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.10%. MDU Resources Group's dividend payout ratio is presently 40.31%.

About MDU Resources Group

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.