Barrow Hanley Mewhinney & Strauss LLC Reduces Stock Position in MDU Resources Group, Inc. (NYSE:MDU)

Barrow Hanley Mewhinney & Strauss LLC decreased its stake in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,690,715 shares of the utilities provider's stock after selling 137,888 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 2.79% of MDU Resources Group worth $102,547,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Focus Partners Advisor Solutions LLC boosted its position in MDU Resources Group by 308.4% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 31,960 shares of the utilities provider's stock worth $576,000 after purchasing an additional 24,134 shares in the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of MDU Resources Group in the fourth quarter valued at approximately $239,000. Westport Asset Management Inc. increased its holdings in shares of MDU Resources Group by 133.3% in the fourth quarter. Westport Asset Management Inc. now owns 35,000 shares of the utilities provider's stock valued at $631,000 after purchasing an additional 20,000 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of MDU Resources Group in the fourth quarter valued at approximately $185,000. Finally, State of Wyoming increased its holdings in shares of MDU Resources Group by 231.6% in the fourth quarter. State of Wyoming now owns 20,085 shares of the utilities provider's stock valued at $362,000 after purchasing an additional 14,028 shares during the last quarter. Hedge funds and other institutional investors own 71.44% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised MDU Resources Group from a "sell" rating to a "hold" rating in a research note on Monday, May 12th.

MDU Resources Group Trading Down 1.4%

Shares of NYSE MDU opened at $16.89 on Friday. MDU Resources Group, Inc. has a twelve month low of $13.23 and a twelve month high of $20.39. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.73. The stock has a fifty day simple moving average of $16.87 and a 200-day simple moving average of $17.58. The stock has a market capitalization of $3.45 billion, a PE ratio of 12.24, a PEG ratio of 2.76 and a beta of 0.72.

MDU Resources Group (NYSE:MDU - Get Free Report) last released its earnings results on Thursday, May 8th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.04. The firm had revenue of $674.80 million during the quarter, compared to analyst estimates of $653.13 million. MDU Resources Group had a return on equity of 10.20% and a net margin of 7.31%. MDU Resources Group's revenue was up 14.7% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. On average, equities analysts forecast that MDU Resources Group, Inc. will post 0.94 earnings per share for the current year.

MDU Resources Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.08%. MDU Resources Group's dividend payout ratio (DPR) is 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.

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