MDU Resources Group, Inc. (NYSE:MDU) Shares Bought by Arizona State Retirement System

Arizona State Retirement System increased its holdings in MDU Resources Group, Inc. (NYSE:MDUGet Rating) by 0.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,969 shares of the utilities provider’s stock after purchasing an additional 485 shares during the quarter. Arizona State Retirement System’s holdings in MDU Resources Group were worth $1,465,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MDU. Millennium Management LLC raised its holdings in shares of MDU Resources Group by 233.4% during the fourth quarter. Millennium Management LLC now owns 1,837,895 shares of the utilities provider’s stock valued at $56,681,000 after acquiring an additional 1,286,576 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of MDU Resources Group during the fourth quarter valued at approximately $31,362,000. Adage Capital Partners GP L.L.C. acquired a new position in shares of MDU Resources Group during the fourth quarter valued at approximately $21,588,000. Assenagon Asset Management S.A. acquired a new position in shares of MDU Resources Group during the first quarter valued at approximately $14,872,000. Finally, State Street Corp grew its position in shares of MDU Resources Group by 3.0% in the fourth quarter. State Street Corp now owns 13,751,230 shares of the utilities provider’s stock valued at $427,018,000 after purchasing an additional 397,012 shares in the last quarter. Institutional investors and hedge funds own 70.14% of the company’s stock.

MDU Resources Group Price Performance

MDU stock opened at $28.26 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.35 and a quick ratio of 1.02. The business has a 50 day simple moving average of $27.04 and a 200-day simple moving average of $27.03. The firm has a market capitalization of $5.75 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 2.03 and a beta of 0.75. MDU Resources Group, Inc. has a 1 year low of $24.92 and a 1 year high of $33.34.

MDU Resources Group (NYSE:MDUGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.07 billion. MDU Resources Group had a net margin of 6.09% and a return on equity of 10.77%. MDU Resources Group’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter last year, the company earned $0.26 earnings per share. Equities research analysts anticipate that MDU Resources Group, Inc. will post 2.05 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Thursday, June 9th were given a $0.2175 dividend. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.87 annualized dividend and a yield of 3.08%. MDU Resources Group’s payout ratio is 49.43%.

About MDU Resources Group

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MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. The company's Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming, as well as operates 3,500 miles of transmission lines and 4,800 miles of distribution lines.

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

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