Jane Street Group LLC Lowers Holdings in MDU Resources Group, Inc. (NYSE:MDU)

Jane Street Group LLC lowered its holdings in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 83.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,603 shares of the utilities provider's stock after selling 137,861 shares during the period. Jane Street Group LLC's holdings in MDU Resources Group were worth $497,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of MDU. Principal Securities Inc. lifted its holdings in MDU Resources Group by 164.4% during the 4th quarter. Principal Securities Inc. now owns 1,470 shares of the utilities provider's stock worth $26,000 after purchasing an additional 914 shares in the last quarter. V Square Quantitative Management LLC increased its position in shares of MDU Resources Group by 99.6% during the 4th quarter. V Square Quantitative Management LLC now owns 1,834 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 915 shares during the last quarter. Crews Bank & Trust bought a new position in MDU Resources Group during the 4th quarter worth approximately $39,000. Atlas Capital Advisors Inc. grew its position in MDU Resources Group by 84.4% during the 4th quarter. Atlas Capital Advisors Inc. now owns 2,487 shares of the utilities provider's stock worth $45,000 after acquiring an additional 1,138 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new position in MDU Resources Group during the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 71.44% of the company's stock.

Wall Street Analyst Weigh In

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

MDU Resources Group Trading Up 0.2%

NYSE MDU traded up $0.04 on Friday, hitting $17.17. The company's stock had a trading volume of 2,348,683 shares, compared to its average volume of 2,436,511. The firm has a market cap of $3.51 billion, a P/E ratio of 12.44, a PEG ratio of 2.76 and a beta of 0.72. 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 company's 50-day simple moving average is $16.88 and its 200 day simple moving average is $17.56. MDU Resources Group, Inc. has a 52-week low of $13.23 and a 52-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 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.04. The company had revenue of $674.80 million during the quarter, compared to analysts' expectations of $653.13 million. MDU Resources Group had a return on equity of 10.20% and a net margin of 7.31%. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. Research analysts predict that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

MDU Resources Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Thursday, June 12th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.03%. MDU Resources Group's payout ratio is presently 40.31%.

MDU Resources Group 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.