Bangor Savings Bank Sells 850 Shares of MDU Resources Group, Inc. (NYSE:MDU)

Bangor Savings Bank trimmed its holdings in MDU Resources Group, Inc. (NYSE:MDU) by 17.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 4,136 shares of the utilities provider’s stock after selling 850 shares during the quarter. Bangor Savings Bank’s holdings in MDU Resources Group were worth $70,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MDU. Blue Trust Inc. raised its holdings in MDU Resources Group by 19.4% during the 4th quarter. Blue Trust Inc. now owns 3,505 shares of the utilities provider’s stock valued at $63,000 after buying an additional 570 shares during the last quarter. Mackenzie Financial Corp increased its position in MDU Resources Group by 3.5% during the 4th quarter. Mackenzie Financial Corp now owns 18,974 shares of the utilities provider’s stock valued at $342,000 after purchasing an additional 650 shares during the period. Principal Securities Inc. increased its position in MDU Resources Group by 164.4% during the 4th quarter. Principal Securities Inc. now owns 1,470 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 914 shares during the period. V Square Quantitative Management LLC increased its position in MDU Resources Group by 99.6% during the 4th quarter. V Square Quantitative Management LLC now owns 1,834 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 915 shares during the period. Finally, Atlas Capital Advisors Inc. increased its position in MDU Resources Group by 84.4% during the 4th quarter. Atlas Capital Advisors Inc. now owns 2,487 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 1,138 shares during the period. 71.44% of the stock is currently owned by institutional investors.

MDU Resources Group Price Performance

MDU opened at $16.82 on Monday. 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 stock has a market capitalization of $3.44 billion, a P/E ratio of 12.18, a P/E/G ratio of 2.76 and a beta of 0.72. The company’s 50-day simple moving average is $16.90 and its two-hundred day simple moving average is $17.49. MDU Resources Group, Inc. has a 52-week low of $13.23 and a 52-week high of $20.39.

MDU Resources Group (NYSE:MDU) last posted its earnings results 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 business had revenue of $674.80 million for 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%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. As a group, analysts predict that MDU Resources Group, Inc. will post 0.94 EPS for the current year.

MDU Resources Group Dividend Announcement

The firm 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 3.09%. MDU Resources Group’s dividend payout ratio (DPR) is presently 40.31%.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of MDU Resources Group from a “sell” rating to a “hold” rating in a research report on Monday, May 12th.

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.