Register Financial Advisors LLC Has $1.79 Million Stock Position in MDU Resources Group, Inc. (NYSE:MDU)

Register Financial Advisors LLC lessened its stake in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 46.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,917 shares of the utilities provider's stock after selling 93,585 shares during the period. MDU Resources Group comprises about 0.9% of Register Financial Advisors LLC's investment portfolio, making the stock its 27th largest position. Register Financial Advisors LLC owned approximately 0.05% of MDU Resources Group worth $1,791,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System raised its position in MDU Resources Group by 15.4% in the fourth quarter. New York State Teachers Retirement System now owns 261,622 shares of the utilities provider's stock worth $4,714,000 after acquiring an additional 34,851 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of 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 period. Principal Securities Inc. increased its holdings in MDU Resources Group by 164.4% in the fourth quarter. Principal Securities Inc. now owns 1,470 shares of the utilities provider's stock worth $26,000 after buying an additional 914 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in MDU Resources Group by 42.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 112,015 shares of the utilities provider's stock worth $2,019,000 after buying an additional 33,426 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in MDU Resources Group by 109.3% in the fourth quarter. Principal Financial Group Inc. now owns 988,008 shares of the utilities provider's stock worth $17,804,000 after buying an additional 515,878 shares during the last quarter. Institutional investors and hedge funds own 71.44% of the company's stock.

MDU Resources Group Stock Performance

MDU stock traded down $0.15 during midday trading on Friday, hitting $15.99. The stock had a trading volume of 2,249,683 shares, compared to its average volume of 2,381,052. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 12.40, a P/E/G ratio of 2.61 and a beta of 0.72. MDU Resources Group, Inc. has a 52 week low of $13.23 and a 52 week high of $20.39. The stock has a 50-day simple moving average of $16.94 and a 200 day simple moving average of $17.25. 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 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 9.86% and a net margin of 7.93%. The business's revenue was up 14.7% on a year-over-year basis. During the same period last year, the business earned $0.52 earnings per share. As a group, equities research analysts anticipate that MDU Resources Group, Inc. will post 0.94 earnings per share for the current year.

MDU Resources Group Dividend Announcement

The business also recently announced 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 3.25%. MDU Resources Group's dividend payout ratio (DPR) is currently 40.31%.

Analyst Ratings Changes

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

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.