Mairs & Power INC lessened its position in shares of Mdu Resources Group Inc (NYSE:MDU) by 7.9% during the 4th quarter, HoldingsChannel reports. The firm owned 69,543 shares of the utilities provider’s stock after selling 5,985 shares during the quarter. Mairs & Power INC’s holdings in Mdu Resources Group were worth $1,658,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in MDU. BOKF NA raised its position in shares of Mdu Resources Group by 9.9% during the fourth quarter. BOKF NA now owns 15,654 shares of the utilities provider’s stock worth $374,000 after acquiring an additional 1,416 shares during the last quarter. American International Group Inc. raised its position in shares of Mdu Resources Group by 0.3% during the fourth quarter. American International Group Inc. now owns 399,505 shares of the utilities provider’s stock worth $9,524,000 after acquiring an additional 1,078 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Mdu Resources Group by 15.4% during the fourth quarter. Geode Capital Management LLC now owns 2,957,670 shares of the utilities provider’s stock worth $70,510,000 after acquiring an additional 393,966 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Mdu Resources Group by 11.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,931,365 shares of the utilities provider’s stock worth $46,041,000 after purchasing an additional 202,554 shares during the period. Finally, Commonwealth Bank of Australia grew its stake in shares of Mdu Resources Group by 7.3% during the fourth quarter. Commonwealth Bank of Australia now owns 20,500 shares of the utilities provider’s stock worth $488,000 after purchasing an additional 1,400 shares during the period. 66.17% of the stock is currently owned by institutional investors.

Shares of Mdu Resources Group stock traded down $0.14 during trading on Thursday, reaching $25.60. 79,423 shares of the company were exchanged, compared to its average volume of 977,387. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. Mdu Resources Group Inc has a twelve month low of $22.73 and a twelve month high of $29.62. The stock has a market cap of $5.20 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 2.98 and a beta of 0.68.

Mdu Resources Group (NYSE:MDU) last announced its quarterly earnings data on Tuesday, February 5th. The utilities provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Mdu Resources Group had a return on equity of 10.80% and a net margin of 6.01%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the firm earned $0.59 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts expect that Mdu Resources Group Inc will post 1.48 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Thursday, March 14th will be paid a dividend of $0.2025 per share. The ex-dividend date is Wednesday, March 13th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 3.16%. Mdu Resources Group’s dividend payout ratio (DPR) is presently 58.70%.

Separately, Zacks Investment Research raised Mdu Resources Group from a “sell” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Thursday, January 3rd.

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Mdu Resources Group Profile

MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services.

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Institutional Ownership by Quarter for Mdu Resources Group (NYSE:MDU)

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