Redwood Investment Management LLC Sells 1,112 Shares of MDU Resources Group, Inc. (NYSE:MDU)

Redwood Investment Management LLC reduced its stake in MDU Resources Group, Inc. (NYSE:MDU) by 0.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 162,507 shares of the utilities provider’s stock after selling 1,112 shares during the quarter. Redwood Investment Management LLC’s holdings in MDU Resources Group were worth $3,218,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Frontier Capital Management Co. LLC boosted its position in shares of MDU Resources Group by 3.2% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,141,514 shares of the utilities provider’s stock valued at $42,402,000 after acquiring an additional 67,273 shares in the last quarter. Cladis Investment Advisory LLC grew its holdings in shares of MDU Resources Group by 1.5% in the 4th quarter. Cladis Investment Advisory LLC now owns 73,621 shares of the utilities provider’s stock worth $1,458,000 after purchasing an additional 1,075 shares during the last quarter. First Trust Advisors LP increased its position in shares of MDU Resources Group by 1.8% during the 4th quarter. First Trust Advisors LP now owns 2,561,113 shares of the utilities provider’s stock worth $50,710,000 after purchasing an additional 44,067 shares in the last quarter. Jones Financial Companies Lllp boosted its position in MDU Resources Group by 129.3% in the fourth quarter. Jones Financial Companies Lllp now owns 8,977 shares of the utilities provider’s stock valued at $178,000 after buying an additional 5,062 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its holdings in shares of MDU Resources Group by 84.8% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 100,303 shares of the utilities provider’s stock worth $1,986,000 after acquiring an additional 46,024 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MDU. StockNews.com upgraded MDU Resources Group from a “hold” rating to a “buy” rating in a research report on Monday, May 27th. Argus raised MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Monday, May 20th.

MDU Resources Group Trading Down 0.1 %

NYSE:MDU traded down $0.03 during trading hours on Tuesday, hitting $24.79. 914,733 shares of the stock were exchanged, compared to its average volume of 1,231,007. The company has a market capitalization of $5.05 billion, a P/E ratio of 10.60, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77. The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.78. The company’s 50 day moving average is $24.89 and its two-hundred day moving average is $22.08. MDU Resources Group, Inc. has a twelve month low of $18.04 and a twelve month high of $25.99.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.05. MDU Resources Group had a return on equity of 11.42% and a net margin of 10.74%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The firm’s revenue for the quarter was down 15.1% compared to the same quarter last year. On average, sell-side analysts anticipate that MDU Resources Group, Inc. will post 1.55 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, June 13th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Thursday, June 13th. MDU Resources Group’s dividend payout ratio (DPR) is currently 21.37%.

Insider Buying and Selling

In related news, insider Rob L. Johnson acquired 36,291 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was bought at an average price of $25.46 per share, for a total transaction of $923,968.86. Following the acquisition, the insider now directly owns 41,934 shares of the company’s stock, valued at $1,067,639.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.59% of the stock is currently owned by corporate insiders.

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.