Nisa Investment Advisors LLC Decreases Stake in MDU Resources Group, Inc. (NYSE:MDU)

Nisa Investment Advisors LLC decreased its holdings in MDU Resources Group, Inc. (NYSE:MDU) by 1.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 51,253 shares of the utilities provider’s stock after selling 1,000 shares during the period. Nisa Investment Advisors LLC’s holdings in MDU Resources Group were worth $1,015,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in MDU Resources Group by 1.0% in the third quarter. Vanguard Group Inc. now owns 21,677,094 shares of the utilities provider’s stock valued at $592,868,000 after purchasing an additional 218,558 shares during the period. BlackRock Inc. lifted its position in MDU Resources Group by 1.4% during the 2nd quarter. BlackRock Inc. now owns 19,089,418 shares of the utilities provider’s stock worth $399,732,000 after acquiring an additional 269,302 shares in the last quarter. State Street Corp boosted its holdings in MDU Resources Group by 12.5% in the 1st quarter. State Street Corp now owns 15,468,160 shares of the utilities provider’s stock worth $415,454,000 after acquiring an additional 1,716,930 shares during the period. FMR LLC grew its position in MDU Resources Group by 48.7% in the third quarter. FMR LLC now owns 3,585,707 shares of the utilities provider’s stock valued at $70,208,000 after acquiring an additional 1,174,799 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of MDU Resources Group by 2.6% during the first quarter. Geode Capital Management LLC now owns 3,048,573 shares of the utilities provider’s stock valued at $92,921,000 after purchasing an additional 78,311 shares during the period. 71.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of MDU Resources Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd.

MDU Resources Group Stock Performance

NYSE:MDU opened at $23.83 on Tuesday. The firm has a 50-day moving average of $22.55 and a two-hundred day moving average of $20.36. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.19. The stock has a market cap of $4.86 billion, a P/E ratio of 11.68, a PEG ratio of 2.69 and a beta of 0.78. MDU Resources Group, Inc. has a 1-year low of $18.04 and a 1-year high of $25.78.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Thursday, February 8th. The utilities provider reported $0.48 EPS for the quarter. MDU Resources Group had a return on equity of 8.84% and a net margin of 8.35%. The business had revenue of $1.14 billion for the quarter. On average, research analysts expect that MDU Resources Group, Inc. will post 1.5 earnings per share for the current fiscal year.

MDU Resources Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Thursday, March 14th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Wednesday, March 13th. MDU Resources Group’s payout ratio is currently 24.51%.

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.