Moors & Cabot Inc. Reduces Stock Holdings in MDU Resources Group, Inc. (NYSE:MDU)

Moors & Cabot Inc. decreased its stake in MDU Resources Group, Inc. (NYSE:MDUFree Report) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 72,020 shares of the utilities provider’s stock after selling 1,195 shares during the quarter. Moors & Cabot Inc.’s holdings in MDU Resources Group were worth $1,410,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Belpointe Asset Management LLC boosted its holdings in shares of MDU Resources Group by 59.7% in the 1st quarter. Belpointe Asset Management LLC now owns 1,070 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 400 shares during the period. Money Concepts Capital Corp bought a new stake in MDU Resources Group during the 4th quarter valued at $33,000. Cullen Frost Bankers Inc. raised its position in MDU Resources Group by 393.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,254 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 1,000 shares in the last quarter. Northwest Capital Management Inc bought a new stake in MDU Resources Group during the 2nd quarter valued at $27,000. Finally, Stonebridge Capital Advisors LLC raised its position in MDU Resources Group by 71.0% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 1,325 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 71.24% of the company’s stock.

MDU Resources Group Trading Down 0.7 %

Shares of NYSE MDU opened at $19.82 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.29 and a debt-to-equity ratio of 0.83. The business has a fifty day simple moving average of $19.47 and a two-hundred day simple moving average of $19.74. The firm has a market cap of $4.04 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 2.24 and a beta of 0.75. MDU Resources Group, Inc. has a twelve month low of $18.04 and a twelve month high of $22.55.

MDU Resources Group (NYSE:MDUGet Free Report) last issued its earnings results on Thursday, November 2nd. The utilities provider reported $0.29 earnings per share for the quarter. The business had revenue of $1 billion during the quarter. MDU Resources Group had a return on equity of 9.21% and a net margin of 6.35%. Analysts expect that MDU Resources Group, Inc. will post 1.35 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 1st. Shareholders of record on Thursday, December 14th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Wednesday, December 13th. MDU Resources Group’s dividend payout ratio (DPR) is presently 28.25%.

MDU Resources Group Profile

(Free Report)

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through five segments: Electric, Natural Gas Distribution, Pipeline, Construction Materials and Contracting, 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 84 transmission and 294 distribution substations.

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

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