Louisiana State Employees Retirement System Takes Position in MDU Resources Group, Inc. (NYSE:MDU)

Louisiana State Employees Retirement System acquired a new stake in MDU Resources Group, Inc. (NYSE:MDU - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 57,200 shares of the utilities provider's stock, valued at approximately $1,133,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MDU. Simplicity Solutions LLC boosted its stake in shares of MDU Resources Group by 12.0% in the fourth quarter. Simplicity Solutions LLC now owns 154,678 shares of the utilities provider's stock valued at $3,063,000 after buying an additional 16,590 shares in the last quarter. Cerity Partners LLC acquired a new position in shares of MDU Resources Group during the 4th quarter worth $702,000. Allspring Global Investments Holdings LLC increased its holdings in shares of MDU Resources Group by 24.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,775,161 shares of the utilities provider's stock valued at $35,148,000 after purchasing an additional 352,540 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in shares of MDU Resources Group by 12.4% in the 4th quarter. Bleakley Financial Group LLC now owns 155,207 shares of the utilities provider's stock valued at $3,073,000 after purchasing an additional 17,119 shares in the last quarter. Finally, Oak Thistle LLC lifted its stake in shares of MDU Resources Group by 248.4% in the fourth quarter. Oak Thistle LLC now owns 56,077 shares of the utilities provider's stock valued at $1,110,000 after purchasing an additional 39,980 shares during the period. Hedge funds and other institutional investors own 71.44% of the company's stock.

Analyst Upgrades and Downgrades

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

MDU Resources Group Trading Up 0.8 %

Shares of NYSE MDU traded up $0.19 on Wednesday, reaching $24.69. 815,538 shares of the company traded hands, compared to its average volume of 1,274,964. MDU Resources Group, Inc. has a fifty-two week low of $18.04 and a fifty-two week high of $25.78. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 0.77. The company has a 50 day moving average of $23.02 and a 200 day moving average of $20.57. The stock has a market capitalization of $5.03 billion, a PE ratio of 12.09, 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 data on Thursday, February 8th. The utilities provider reported $0.48 EPS for the quarter. MDU Resources Group had a return on equity of 8.84% and a net margin of 8.35%. The company had revenue of $1.14 billion for the quarter. On average, equities research analysts forecast that MDU Resources Group, Inc. will post 1.5 earnings per share for the current fiscal year.

MDU Resources Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Thursday, March 14th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Wednesday, March 13th. MDU Resources Group's dividend payout ratio (DPR) is presently 24.51%.

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.