Federated Hermes Inc. Has $867,000 Holdings in MDU Resources Group, Inc. (NYSE:MDU)

Federated Hermes Inc. lessened its position in shares of MDU Resources Group, Inc. (NYSE:MDU – Get Rating) by 6.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 31,706 shares of the utilities provider’s stock after selling 2,083 shares during the quarter. Federated Hermes Inc.’s holdings in MDU Resources Group were worth $867,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. AlphaCrest Capital Management LLC lifted its position in shares of MDU Resources Group by 69.7% during the 3rd quarter. AlphaCrest Capital Management LLC now owns 44,613 shares of the utilities provider’s stock worth $1,220,000 after buying an additional 18,318 shares during the period. Point72 Hong Kong Ltd lifted its position in shares of MDU Resources Group by 19.4% during the 2nd quarter. Point72 Hong Kong Ltd now owns 16,948 shares of the utilities provider’s stock worth $457,000 after buying an additional 2,751 shares during the period. Sawtooth Solutions LLC raised its position in MDU Resources Group by 20.6% in the 3rd quarter. Sawtooth Solutions LLC now owns 61,469 shares of the utilities provider’s stock valued at $1,681,000 after purchasing an additional 10,518 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in MDU Resources Group by 7.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,261 shares of the utilities provider’s stock valued at $718,000 after purchasing an additional 1,897 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in MDU Resources Group by 99.5% in the 2nd quarter. Franklin Resources Inc. now owns 4,410,444 shares of the utilities provider’s stock valued at $119,038,000 after purchasing an additional 2,199,575 shares during the last quarter. Institutional investors own 70.83% of the company’s stock.

MDU Resources Group Stock Down 1.2 %

Shares of MDU Resources Group stock opened at $29.48 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.36 and a debt-to-equity ratio of 0.77. MDU Resources Group, Inc. has a 12 month low of $24.92 and a 12 month high of $32.53. The business has a fifty day simple moving average of $30.85 and a 200 day simple moving average of $30.02. The stock has a market cap of $6.00 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 2.34 and a beta of 0.74.

MDU Resources Group (NYSE:MDU – Get Rating) last announced its quarterly earnings data on Thursday, February 9th. The utilities provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. MDU Resources Group had a return on equity of 10.99% and a net margin of 5.27%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the firm earned $0.42 earnings per share. The firm’s quarterly revenue was up 28.8% compared to the same quarter last year. Research analysts predict that MDU Resources Group, Inc. will post 2.13 EPS for the current year.

MDU Resources Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, April 1st. Shareholders of record on Thursday, March 9th will be paid a $0.2225 dividend. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $0.89 dividend on an annualized basis and a yield of 3.02%. MDU Resources Group’s payout ratio is 49.17%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised MDU Resources Group from a “hold” rating to a “buy” rating in a research note on Tuesday.

About MDU Resources Group

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MDU Resources Group, Inc engages in the provision of natural resource products and related services to energy and transportation infrastructure. It operates through the following business segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, Construction Services, and Other.