Amalgamated Bank Has $3.74 Million Position in MDU Resources Group, Inc. (NYSE:MDU)

Amalgamated Bank reduced its holdings in MDU Resources Group, Inc. (NYSE:MDUGet Rating) by 3.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 140,425 shares of the utilities provider’s stock after selling 4,913 shares during the period. Amalgamated Bank’s holdings in MDU Resources Group were worth $3,742,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Comprehensive Financial Consultants Institutional Inc. bought a new position in shares of MDU Resources Group in the 4th quarter valued at about $27,000. Cyrus J. Lawrence LLC bought a new position in shares of MDU Resources Group in the 1st quarter valued at about $30,000. City State Bank bought a new position in shares of MDU Resources Group in the 4th quarter valued at about $30,000. Westside Investment Management Inc. grew its position in shares of MDU Resources Group by 367.4% in the 1st quarter. Westside Investment Management Inc. now owns 1,318 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 1,036 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of MDU Resources Group by 28.9% in the 1st quarter. Fifth Third Bancorp now owns 1,880 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 422 shares during the period. 71.32% of the stock is currently owned by institutional investors and hedge funds.

MDU Resources Group Stock Performance

Shares of MDU stock opened at $29.20 on Thursday. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 2.61 and a beta of 0.72. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.06 and a current ratio of 1.35. The company has a 50-day simple moving average of $29.56 and a 200 day simple moving average of $27.61. MDU Resources Group, Inc. has a 52 week low of $24.92 and a 52 week high of $32.19.

MDU Resources Group (NYSE:MDUGet Rating) last announced its earnings results on Thursday, August 4th. The utilities provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.16). The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.48 billion. MDU Resources Group had a return on equity of 9.74% and a net margin of 5.32%. The business’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 EPS. On average, sell-side analysts predict that MDU Resources Group, Inc. will post 1.85 earnings per share for the current year.

MDU Resources Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Thursday, September 8th will be paid a $0.2175 dividend. This represents a $0.87 annualized dividend and a yield of 2.98%. The ex-dividend date is Wednesday, September 7th. MDU Resources Group’s dividend payout ratio (DPR) is 54.04%.

Analyst Ratings Changes

A number of research analysts have recently commented on MDU shares. Bank of America downgraded shares of MDU Resources Group from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $29.00 to $30.00 in a research report on Friday, August 5th. Citigroup lifted their target price on shares of MDU Resources Group to $31.00 in a report on Monday, August 15th.

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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