Balyasny Asset Management L.P. Has $613,000 Stake in MDU Resources Group, Inc. (NYSE:MDU)

Balyasny Asset Management L.P. lowered its stake in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 90.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,014 shares of the utilities provider's stock after selling 337,900 shares during the quarter. Balyasny Asset Management L.P.'s holdings in MDU Resources Group were worth $613,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MDU. Principal Securities Inc. lifted its holdings in shares of 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 acquiring an additional 914 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of MDU Resources Group by 99.6% in the fourth quarter. V Square Quantitative Management LLC now owns 1,834 shares of the utilities provider's stock worth $33,000 after acquiring an additional 915 shares during the last quarter. Crews Bank & Trust bought a new position in shares of MDU Resources Group in the fourth quarter worth about $39,000. Atlas Capital Advisors Inc. lifted its holdings in shares of MDU Resources Group by 84.4% in the fourth 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 shares of MDU Resources Group in the fourth quarter worth about $54,000. Institutional investors own 71.44% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of MDU Resources Group from a "sell" rating to a "hold" rating in a report on Monday, May 12th.

MDU Resources Group Trading Down 1.6%

Shares of MDU Resources Group stock traded down $0.29 on Wednesday, hitting $17.32. The stock had a trading volume of 72,962 shares, compared to its average volume of 2,450,769. The stock has a 50 day moving average of $16.86 and a 200 day moving average of $17.57. MDU Resources Group, Inc. has a twelve month low of $13.23 and a twelve 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 firm has a market capitalization of $3.54 billion, a P/E ratio of 12.58, 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 data on Thursday, May 8th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating 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 company had revenue of $674.80 million during the quarter, compared to the consensus estimate of $653.13 million. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The firm's revenue was up 14.7% compared to the same quarter last year. Sell-side 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 company also recently disclosed 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 annualized dividend and a dividend yield of 3.00%. MDU Resources Group's dividend payout ratio is currently 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.