MDU Resources Group, Inc. (NYSE:MDU) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 95.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,430 shares of the utilities provider's stock after selling 203,563 shares during the quarter. SG Americas Securities LLC's holdings in MDU Resources Group were worth $187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC boosted its position in shares of MDU Resources Group by 22.5% in the first quarter. Steward Partners Investment Advisory LLC now owns 1,909 shares of the utilities provider's stock worth $58,000 after purchasing an additional 350 shares during the period. Belpointe Asset Management LLC lifted its holdings in shares of MDU Resources Group by 59.7% in the first quarter. Belpointe Asset Management LLC now owns 1,070 shares of the utilities provider's stock worth $33,000 after buying an additional 400 shares in the last quarter. Adalta Capital Management LLC lifted its holdings in shares of MDU Resources Group by 9.1% in the first quarter. Adalta Capital Management LLC now owns 6,000 shares of the utilities provider's stock worth $184,000 after buying an additional 500 shares in the last quarter. Eaton Vance Management lifted its holdings in shares of MDU Resources Group by 0.4% in the first quarter. Eaton Vance Management now owns 116,518 shares of the utilities provider's stock worth $3,105,000 after buying an additional 507 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of MDU Resources Group by 1.0% in the third quarter. Thrivent Financial for Lutherans now owns 54,190 shares of the utilities provider's stock worth $1,482,000 after buying an additional 512 shares in the last quarter. 71.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

MDU Resources Group Price Performance

Shares of MDU stock traded down $0.26 during mid-day trading on Friday, hitting $24.19. The company had a trading volume of 1,000,269 shares, compared to its average volume of 1,635,331. MDU Resources Group, Inc. has a 52-week low of $18.04 and a 52-week high of $25.78. The stock's 50 day moving average price is $22.46 and its 200-day moving average price is $20.34. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.19. The company has a market capitalization of $4.93 billion, a P/E ratio of 11.86, a P/E/G ratio of 2.69 and a beta of 0.78.

MDU Resources Group (NYSE:MDU - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter. The company 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%. Equities research analysts forecast that MDU Resources Group, Inc. will post 1.5 earnings per share for the current year.

MDU Resources Group Announces Dividend

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

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.