CENTRAL TRUST Co decreased its position in MDU Resources Group, Inc. (NYSE:MDU – Get Rating) by 22.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,726 shares of the utilities provider’s stock after selling 805 shares during the period. CENTRAL TRUST Co’s holdings in MDU Resources Group were worth $83,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of MDU Resources Group by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 21,677,094 shares of the utilities provider’s stock valued at $592,868,000 after acquiring an additional 218,558 shares during the period. State Street Corp grew its holdings in MDU Resources Group by 12.5% in the first quarter. State Street Corp now owns 15,468,160 shares of the utilities provider’s stock valued at $415,454,000 after purchasing an additional 1,716,930 shares during the period. Dimensional Fund Advisors LP increased its position in shares of MDU Resources Group by 4.2% in the third quarter. Dimensional Fund Advisors LP now owns 5,105,706 shares of the utilities provider’s stock valued at $139,646,000 after buying an additional 207,459 shares in the last quarter. Invesco Ltd. raised its stake in shares of MDU Resources Group by 55.2% during the 1st quarter. Invesco Ltd. now owns 1,852,604 shares of the utilities provider’s stock worth $49,372,000 after buying an additional 659,078 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of MDU Resources Group by 4.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,787,922 shares of the utilities provider’s stock valued at $47,648,000 after buying an additional 68,904 shares in the last quarter. Institutional investors and hedge funds own 70.83% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of MDU Resources Group from a “hold” rating to a “buy” rating in a report on Tuesday, March 14th.
MDU Resources Group Stock Up 0.0 %
MDU Resources Group (NYSE:MDU – Get Rating) last announced its earnings results on Thursday, February 9th. The utilities provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.50 billion. MDU Resources Group had a return on equity of 10.99% and a net margin of 5.27%. The business’s revenue was up 28.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Sell-side analysts expect that MDU Resources Group, Inc. will post 2 earnings per share for the current fiscal year.
MDU Resources Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Saturday, April 1st. Shareholders of record on Thursday, March 9th were issued a $0.2225 dividend. The ex-dividend date of this dividend was Wednesday, March 8th. This represents a $0.89 dividend on an annualized basis and a yield of 2.99%. MDU Resources Group’s payout ratio is currently 49.17%.
MDU Resources Group Company Profile
MDU Resources Group, Inc engages in the provision of natural resource products and related services to energy and transportation infrastructure. It operates through the following business segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, Construction Services, and Other.
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