Register Financial Advisors LLC Decreases Stock Holdings in MDU Resources Group, Inc. (NYSE:MDU)

Register Financial Advisors LLC cut its position in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 46.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 105,917 shares of the utilities provider's stock after selling 93,585 shares during the quarter. MDU Resources Group makes up 0.9% of Register Financial Advisors LLC's investment portfolio, making the stock its 27th biggest holding. Register Financial Advisors LLC owned about 0.05% of MDU Resources Group worth $1,791,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MDU. Mackenzie Financial Corp boosted its holdings in shares of MDU Resources Group by 3.5% in the fourth quarter. Mackenzie Financial Corp now owns 18,974 shares of the utilities provider's stock valued at $342,000 after acquiring an additional 650 shares during the period. Blue Trust Inc. raised its position in MDU Resources Group by 27.7% in the 4th quarter. Blue Trust Inc. now owns 3,747 shares of the utilities provider's stock valued at $68,000 after purchasing an additional 812 shares during the last quarter. Principal Securities Inc. boosted its stake 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 during the period. 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 purchasing an additional 1,138 shares during the last quarter. Finally, Riverwater Partners LLC increased its stake in MDU Resources Group by 2.3% in the fourth quarter. Riverwater Partners LLC now owns 50,714 shares of the utilities provider's stock valued at $914,000 after purchasing an additional 1,151 shares during the period. Hedge funds and other institutional investors own 71.44% of the company's stock.

Wall Street Analyst Weigh In

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

MDU Resources Group Stock Performance

NYSE:MDU traded up $0.00 during midday trading on Tuesday, reaching $16.51. The stock had a trading volume of 1,664,918 shares, compared to its average volume of 2,373,963. 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 $3.37 billion, a P/E ratio of 12.80, a P/E/G ratio of 2.61 and a beta of 0.72. The firm has a fifty day simple moving average of $16.94 and a two-hundred day simple moving average of $17.22. MDU Resources Group, Inc. has a 12-month low of $13.23 and a 12-month 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, topping the consensus estimate 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 net margin of 7.93% and a return on equity of 9.86%. The business's revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the business earned $0.52 EPS. On average, equities analysts expect that MDU Resources Group, Inc. will post 0.94 EPS 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 issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.15%. MDU Resources Group's dividend payout ratio 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.