Public Employees Retirement System of Ohio decreased its holdings in shares of Mdu Resources Group Inc (NYSE:MDU) by 6.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 147,560 shares of the utilities provider’s stock after selling 10,903 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.07% of Mdu Resources Group worth $3,807,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Personal Wealth Partners acquired a new position in shares of Mdu Resources Group during the 2nd quarter worth $28,000. CWM LLC acquired a new position in shares of Mdu Resources Group during the 2nd quarter worth $31,000. Country Trust Bank acquired a new position in shares of Mdu Resources Group during the 2nd quarter worth $35,000. ETF Managers Group LLC increased its stake in shares of Mdu Resources Group by 11.5% during the 1st quarter. ETF Managers Group LLC now owns 5,162 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 533 shares during the last quarter. Finally, Bremer Bank National Association acquired a new position in shares of Mdu Resources Group during the 1st quarter worth $159,000. Institutional investors own 68.14% of the company’s stock.
Shares of MDU traded up $0.13 during mid-day trading on Friday, hitting $28.11. 930,668 shares of the company’s stock were exchanged, compared to its average volume of 758,018. The firm has a fifty day moving average of $26.74 and a two-hundred day moving average of $26.02. Mdu Resources Group Inc has a twelve month low of $22.73 and a twelve month high of $28.24. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 2.62 and a beta of 0.67. The company has a quick ratio of 1.23, a current ratio of 1.58 and a debt-to-equity ratio of 0.91.
Mdu Resources Group (NYSE:MDU) last posted its quarterly earnings data on Tuesday, July 30th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.04. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. Mdu Resources Group had a net margin of 5.91% and a return on equity of 11.11%. Mdu Resources Group’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 EPS. On average, equities analysts predict that Mdu Resources Group Inc will post 1.51 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Thursday, September 12th will be issued a dividend of $0.2025 per share. This represents a $0.81 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Wednesday, September 11th. Mdu Resources Group’s dividend payout ratio is currently 58.70%.
Separately, Zacks Investment Research upgraded shares of Mdu Resources Group from a “sell” rating to a “hold” rating in a research note on Monday, May 20th.
Mdu Resources Group Profile
MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. It operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming.
Further Reading: Front-End Load
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