Illinois Municipal Retirement Fund Has $1.78 Million Position in MDU Resources Group, Inc. (NYSE:MDU)

Illinois Municipal Retirement Fund trimmed its stake in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 30.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,436 shares of the utilities provider's stock after selling 46,232 shares during the quarter. Illinois Municipal Retirement Fund owned 0.05% of MDU Resources Group worth $1,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in MDU Resources Group by 16.6% in the fourth quarter. Vanguard Group Inc. now owns 22,997,452 shares of the utilities provider's stock worth $414,414,000 after buying an additional 3,276,114 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in MDU Resources Group by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,186,994 shares of the utilities provider's stock worth $147,530,000 after buying an additional 467,355 shares during the last quarter. First Trust Advisors LP increased its holdings in MDU Resources Group by 132.0% in the fourth quarter. First Trust Advisors LP now owns 6,999,856 shares of the utilities provider's stock worth $126,137,000 after buying an additional 3,982,783 shares during the last quarter. Pertento Partners LLP increased its holdings in MDU Resources Group by 90.3% in the fourth quarter. Pertento Partners LLP now owns 2,990,144 shares of the utilities provider's stock worth $53,882,000 after buying an additional 1,419,118 shares during the last quarter. Finally, Norges Bank acquired a new position in MDU Resources Group in the fourth quarter worth approximately $40,857,000. 71.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

MDU Resources Group Stock Performance

NYSE MDU traded down $0.07 during midday trading on Wednesday, hitting $16.70. The company had a trading volume of 1,690,305 shares, compared to its average volume of 2,364,089. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.74. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 2.74 and a beta of 0.70. The firm has a fifty day simple moving average of $16.91 and a two-hundred day simple moving average of $17.13. MDU Resources Group, Inc. has a fifty-two week low of $13.23 and a fifty-two week high of $20.39.

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 for the quarter, topping analysts' consensus estimates of $0.36 by $0.04. MDU Resources Group had a return on equity of 9.86% and a net margin of 7.93%. The business had revenue of $674.80 million for the quarter, compared to the consensus estimate of $653.13 million. During the same period last year, the business earned $0.52 earnings per share. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year. Equities analysts forecast that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Thursday, June 12th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.11%. MDU Resources Group's dividend payout ratio (DPR) is currently 40.31%.

MDU Resources Group Company Profile

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.