MDU Resources Group, Inc. (NYSE:MDU) Shares Sold by Y Intercept Hong Kong Ltd

Key Points

• Y Intercept Hong Kong Ltd reduced its holdings in MDU Resources Group by 53.3%, owning 19,775 shares after selling 22,594 shares in the first quarter, valued at $334,000.
• Other investors, like Victory Capital Management Inc., significantly increased their stakes, with Victory's ownership rising by 217.5%, totaling 480,353 shares.
• MDU Resources Group reported a 14.7% year-over-year revenue increase for the latest quarter, achieving $674.80 million in revenue and an EPS of $0.40, outpacing analysts' expectations.

Y Intercept Hong Kong Ltd trimmed its holdings in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 53.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,775 shares of the utilities provider's stock after selling 22,594 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in MDU Resources Group were worth $334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. grew its stake in shares of MDU Resources Group by 179.0% during the 1st quarter. Bessemer Group Inc. now owns 1,518 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 974 shares during the period. GAMMA Investing LLC lifted its position in shares of MDU Resources Group by 241.9% during the first quarter. GAMMA Investing LLC now owns 1,843 shares of the utilities provider's stock valued at $31,000 after buying an additional 1,304 shares during the last quarter. Atlas Capital Advisors Inc. raised its stake in MDU Resources Group by 84.4% in 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. Johnson Financial Group Inc. acquired a new stake in MDU Resources Group during the 4th quarter worth about $54,000. Finally, Wood Tarver Financial Group LLC acquired a new position in shares of MDU Resources Group during the 4th quarter worth about $82,000. 71.44% of the stock is owned by hedge funds and other institutional investors.

MDU Resources Group Trading Down 0.9%

NYSE:MDU traded down $0.15 on Friday, hitting $17.10. The stock had a trading volume of 1,366,471 shares, compared to its average volume of 1,126,378. The company has a fifty day moving average price of $16.75 and a two-hundred day moving average price of $16.94. MDU Resources Group, Inc. has a 1-year low of $14.91 and a 1-year high of $30.52. 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 $3.49 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 2.62 and a beta of 0.73.

MDU Resources Group (NYSE:MDU - Get Free Report) last released its quarterly earnings results 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 business had revenue of $674.80 million for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $0.52 EPS. Equities research 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Thursday, June 12th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.0%. MDU Resources Group's payout ratio is currently 40.31%.

Wall Street Analysts Forecast Growth

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 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.