MDU Resources Group, Inc. (NYSE:MDU) Shares Sold by Redwood Investment Management LLC

Redwood Investment Management LLC trimmed its position in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 85.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,819 shares of the utilities provider's stock after selling 16,656 shares during the period. Redwood Investment Management LLC's holdings in MDU Resources Group were worth $465,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in MDU Resources Group by 16.6% in the fourth quarter. Vanguard Group Inc. now owns 22,997,452 shares of the utilities provider's stock valued at $414,414,000 after acquiring an additional 3,276,114 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in MDU Resources Group by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,186,994 shares of the utilities provider's stock valued at $147,530,000 after buying an additional 467,355 shares in the last quarter. First Trust Advisors LP grew its position in shares of MDU Resources Group by 132.0% in the fourth quarter. First Trust Advisors LP now owns 6,999,856 shares of the utilities provider's stock valued at $126,137,000 after purchasing an additional 3,982,783 shares during the period. Pertento Partners LLP grew its position in shares of MDU Resources Group by 90.3% in the fourth quarter. Pertento Partners LLP now owns 2,990,144 shares of the utilities provider's stock valued at $53,882,000 after purchasing an additional 1,419,118 shares during the period. Finally, Norges Bank acquired a new stake in shares of MDU Resources Group in the fourth quarter valued at about $40,857,000. 71.44% of the stock is currently owned by institutional investors and hedge funds.

MDU Resources Group Price Performance

NYSE MDU traded down $0.15 during trading hours on Tuesday, hitting $17.61. 1,082,144 shares of the company's stock traded hands, compared to its average volume of 2,460,132. MDU Resources Group, Inc. has a 52-week low of $13.23 and a 52-week high of $20.39. The company has a market capitalization of $3.60 billion, a PE ratio of 12.76, a PEG ratio of 2.76 and a beta of 0.72. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.07. The firm's 50-day moving average is $16.84 and its 200-day moving average is $17.57.

MDU Resources Group (NYSE:MDU - Get Free Report) last announced 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. The company had revenue of $674.80 million during the quarter, compared to analysts' expectations of $653.13 million. MDU Resources Group had a net margin of 7.31% and a return on equity of 10.20%. MDU Resources Group's revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 EPS. Equities analysts forecast that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

MDU Resources Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Thursday, June 12th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.95%. MDU Resources Group's payout ratio is 40.31%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of MDU Resources Group from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $21.00.

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.