MDU Resources Group, Inc. (NYSE:MDU) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 24.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,775,161 shares of the utilities provider's stock after purchasing an additional 352,540 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.87% of MDU Resources Group worth $35,148,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in MDU Resources Group during the fourth quarter worth about $61,385,000. State Street Corp boosted its stake in MDU Resources Group by 12.5% during the first quarter. State Street Corp now owns 15,468,160 shares of the utilities provider's stock worth $415,454,000 after buying an additional 1,716,930 shares during the period. FMR LLC boosted its stake in MDU Resources Group by 48.7% during the third quarter. FMR LLC now owns 3,585,707 shares of the utilities provider's stock worth $70,208,000 after buying an additional 1,174,799 shares during the period. AQR Capital Management LLC boosted its stake in MDU Resources Group by 194.3% during the third quarter. AQR Capital Management LLC now owns 1,397,095 shares of the utilities provider's stock worth $27,355,000 after buying an additional 922,403 shares during the period. Finally, Millennium Management LLC boosted its stake in MDU Resources Group by 275.4% during the fourth quarter. Millennium Management LLC now owns 997,934 shares of the utilities provider's stock worth $30,277,000 after buying an additional 732,104 shares during the period. Hedge funds and other institutional investors own 71.44% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of MDU Resources Group from a "buy" rating to a "hold" rating in a research note on Wednesday, April 3rd.

MDU Resources Group Trading Down 1.1 %

MDU stock traded down $0.26 during mid-day trading on Friday, hitting $24.19. 1,000,269 shares of the company were exchanged, compared to its average volume of 1,635,331. The firm has a market capitalization of $4.93 billion, a P/E ratio of 11.86, a PEG ratio of 2.72 and a beta of 0.78. MDU Resources Group, Inc. has a 12-month low of $18.04 and a 12-month high of $25.78. The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. The business has a fifty day simple moving average of $22.46 and a 200-day simple moving average of $20.33.

MDU Resources Group (NYSE:MDU - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter. The business had revenue of $1.14 billion for the quarter. MDU Resources Group had a net margin of 8.35% and a return on equity of 8.84%. On average, equities research analysts predict that MDU Resources Group, Inc. will post 1.5 earnings per share for the current fiscal year.

MDU Resources Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Thursday, March 14th were given a dividend of $0.125 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.07%. MDU Resources Group's dividend payout ratio is presently 24.51%.

About MDU Resources Group

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.