MDU Resources Group, Inc. (NYSE:MDU) Stock Position Lowered by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 492,478 shares of the utilities provider's stock after selling 15,145 shares during the quarter. Rhumbline Advisers owned approximately 0.24% of MDU Resources Group worth $8,328,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Barclays PLC raised its stake in MDU Resources Group by 7.8% in the 3rd quarter. Barclays PLC now owns 87,022 shares of the utilities provider's stock worth $2,386,000 after acquiring an additional 6,264 shares during the last quarter. Yousif Capital Management LLC increased its holdings in MDU Resources Group by 3.3% in the fourth quarter. Yousif Capital Management LLC now owns 80,956 shares of the utilities provider's stock valued at $1,459,000 after buying an additional 2,564 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of MDU Resources Group by 391.3% during the 4th quarter. State of Alaska Department of Revenue now owns 115,874 shares of the utilities provider's stock valued at $2,088,000 after buying an additional 92,289 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of MDU Resources Group during the fourth quarter worth about $628,000. Finally, Louisiana State Employees Retirement System raised its stake in MDU Resources Group by 74.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 98,600 shares of the utilities provider's stock valued at $1,777,000 after purchasing an additional 42,100 shares during the last quarter. Institutional investors own 71.44% of the company's stock.

Wall Street Analysts Forecast Growth

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 0.8%

MDU Resources Group stock traded down $0.13 during trading on Thursday, reaching $16.58. The company had a trading volume of 193,922 shares, compared to its average volume of 2,404,443. MDU Resources Group, Inc. has a 12-month low of $13.23 and a 12-month high of $20.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.07 and a current ratio of 1.15. The stock's 50 day moving average price is $16.91 and its two-hundred day moving average price is $17.46. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 2.76 and a beta of 0.72.

MDU Resources Group (NYSE:MDU - Get Free Report) last released its quarterly 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. MDU Resources Group had a return on equity of 10.20% and a net margin of 7.31%. The firm had revenue of $674.80 million for the quarter, compared to analyst estimates of $653.13 million. During the same period in the previous year, the company posted $0.52 EPS. MDU Resources Group's revenue for the quarter was up 14.7% on a year-over-year basis. As a group, equities analysts expect that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

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 3.14%. MDU Resources Group's dividend payout ratio (DPR) is presently 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.